Broker Network has a launched a toolkit that aims to provide guidance to brokers in connection with the Insurance Act of 2015.
The organisation said the Insurance Act has made a huge impact on the industry this year and the newly unveiled toolkit will guide brokers through the uncertainties they face with the implementation of the law.
“The Insurance Act brings Professional Standards to the forefront. The obligations of reasonable search and fair presentation shine a new light on a broker’s duty of care,” said Broker Network CEO Andy Fairchild.
“Add this to the regulators’ concerns regarding buyer sophistication in the SME market and brokers are asking what the recipe is for becoming a smarter commercial broker,” he added.
Broker Network’s Insurance Act toolkit features a host of services and documents enabling brokers to expertly navigate the changes and improve the standards of their business.
Features include face-to-face Insurance Act workshops, quality monitoring documentation, fair presentation templates and a new look document suite.
“The toolkit we have developed delivers valuable guidance and tools to help brokers achieve and maintain consistent and professional trading standards as well as providing a fresh third party perspective on their current controls,” Fairchild.
“Unlike other Networks our offering is delivered by in-house experts to ensure our members have the support they need to deliver quality outcomes for customers and the markets in which they trade.”
