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FCA confident in wholesale insurance brokers market

FCA confident in wholesale insurance brokers market

David Miller, Insurance Partner at KPMG UK comments on FCA's final report


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Responding to the FCA’s final report on the Wholesale Insurance Brokers Market Study, David Miller, Insurance Partner, KPMG UK comments:

“The FCA has previously proven that it’s not afraid to show its teeth, the fact that it has therefore decided to make this a final, rather than interim report, shows they have real confidence in the operation of the market. This will be welcome news for brokers who have been working hard to transform their business models in evolving and uncertain markets. However, it’s clear there’s still work to be done around firms’ management of conflicts of interest, transparency and contractual agreements and every player in this sector will be keen to see progress is made.”


For more information contact:

Christina Bridge, KPMG Press Office

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