The UK Financial Conduct Authority recently launched a study into the competitiveness of the Wholesale Insurance Broker Market in London. Specifically, the FCA wants to know if the market is fair and if it is promoting innovation.
As London is one of the most important insurance markets in the world, the FCA feels it is important to ensure that business is being carried out without any unfair practices. The study is due to be completed in autumn when a report of the findings will be published.
Further details about the Wholesale Insurance Brokers London Market Study can be found, on the FCA website, at the following links.
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