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Post Magazine Broker Question Time 2007
15 November 2007
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BBC presenter Paul Lewis chaired this Post Broker Question Time event filmed in front of a specially invited audience. The Panelists this year were Andrew Honey, head of department, Small Firms Division. Financial Services Authority, Simon Cooter, distribution director, Brit Insurance, David Smith, managing director, broker, Zurich Insurance, Tony Simper, managing director, Woodstock Insurance Brokers, Chris Blackham, chief executive, Layton Blackham.
If you want to view each question seperately please click on the icon or links below
Does the trend for insurers buying or investing heavily in brokers raise new issues over conflicts of interest and independence? Click to watch video
What do the panel feel about the rise and potential conflicts of interest, ownership and product positioning surrounding aggregators? Click to watch video
At Biba we are seeing an increase in intermediaries earning an increasing proportion of their income from fees. Assuming this trend continues how will this impact the future economics of the sector and how does the panel perceive the industry’s ability to calculate an appropriate fee structure? Click to watch video
Should the consumer/ buyer of insurance products expect an insurance broker to have a practicing certificate (similar to that required of solicitors) for the purpose of proving their professional standing and accountability to the consumer/client? Click to watch video
After the panel debate the 5 panelists were giving their opinion on what they think are the main issues facing the general insurance broking sector and what implications are there for brokers?
Andrew Honey
Chris Blackham
David W Smith
Simon Cooter
Tony Simper
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