FCA Wholesale Insurance Brokers Market Study | KPMG | UK

KPMG reaction to the FCA Wholesale Insurance Brokers Market Study

FCA Wholesale Insurance Brokers Market Study

David Miller, Regulatory Insurance Partner, KPMG UK comments:

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David Miller, Regulatory Insurance Partner, KPMG UK comments:

“This is an important study for the FCA in reviewing how the wholesale insurance market works for all participants. The scope is broad, and interestingly includes reinsurance, giving the FCA the opportunity to understand the interplay between insurers and brokers across the whole of the market, rather than assessing each in isolation.

“The FCA will be speaking to a wide group of stakeholders, including insurers and end clients, to get a fuller picture of the impact of some specific services and practices which have developed in recent years, including broker facilities. It will also be an opportunity for brokers to demonstrate the value they bring to the market and to clients.”

-ENDS- 

Notes to editor:


For further information please contact:

Christina Bridge, KPMG UK
E: Christina.Bridge@KPMG.co.uk
T +44 (0) 207 311 4252
M: +44 (0) 778 950 4905
KPMG Press office
Tel: +44 (0) 207 694 8773

 

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