MortgageStream mortgage case management software has worked out a deal with Lloyd's of London insurance broker PYV, which reduces the professional indemnity insurance (Pii) premiums for intermediaries who use the broker.
PII broker PYV has warned depolarisation could unwittingly attract negligence claims for IFAs because of an increased in compliance and risk management requirements.
PYV has opened the professional indemnity insurance market following a deal with Chubb Insurance, just as IFAs need extra capacity.