Industry fears regulation will slash insurance intermediaries by a third

The Protection Review annual market trends survey 2004 - published by Bank House Communications and edited by protection experts Andy Couchman and Peter Le Beau - says nearly four in five insurers, reinsurers, brokers, IFAs, and consultants expect the number of intermediaries to fall by between 10% and 50% post-regulation. Some 23 out of the 35 companies surveyed say they predict a fall of 10% to 30% once the insurance industry comes under the FSA’s regulatory umbrella on 15 January 2005. Five of the respondents even deem the numbers may be slashed by almost half. This is a worryin...