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Insurance Business | 03 Apr 2014, 08:35 AM Agree 0
Industry organisations have laid their cards out on the table for the Financial Systems Inquiry, stating that no amount of education will produce an informed consumer, and calling for relaxed regulation.
  • Chris Grice | 03 Apr 2014, 09:38 AM Agree 0
    That's all very nice for NIBA to promote that Brokers are the answer but the reality is that in general terms, Brokers do not have the appetite nor commercial structure to deal with 'Mum's and Dad's' policyholders to offer the advice.
  • glenda | 04 Apr 2014, 09:29 AM Agree 0
    what we brokers need is for the advertising and media exposure that the insurers broadcast tells the client that they get what they pay for rather than this "pay less with us" attitude. sure this is mostly directed at the domestic needs market however it is rubbing off on the SME's. they too are mums n dads. an add that says "we are good insurers go ask your broker for advice on what we offer you" would be of much more benefit to the consumer and the industry in general.
    it my opinion that if more businesses insured less fraudulently (which they would if they had advice from a good broker) then the overall cost of insurance would have to decrease....
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