insurancepeople


News


FSAfees by instalments for MGAAmembers F


ull members of the Managing General


Agents’ Association (MGAA) can now pay their FSA fees by instalments at a


discounted rate, following its official recognition as a financial services trade association.


A supplier member of


the association, Premium Credit, is handling the financing and administration of the instalments scheme. Reg Brown, chairman of


MGAA, says, “When we launched the association, we committed to delivering value to our members through lobbying on key


“Exclusively Cleaning” from Groupama


G


roupama Insurances has unveiled the latest addition to its “Exclusively” range of commercial


products. Following products for the recruitment and security sectors, its “Exclusively Cleaning” policy targets cleaning contractor businesses, a market segment with an estimated turnover of £5.3 billion. Available for open market trading, cover for damage to premises being cleaned and misuse of customer telephones is included as standard.


“Exclusively Cleaning” provides cover for a range of cleaning contractors, including those providing services to private residential properties, offices, shops, hotels, public houses, schools, carpet and upholstery, new builds, as well as windows using “reach and wash” systems.


The core cover is public liability, with a minimum premium starting at £400 plus IPT. Optional covers include EL and loss of keys.


issues, creating market education opportunities, and providing exclusive schemes to drive down the cost of trading as an MGA. By striking a deal to slightly reduce the fees burden, we have begun this process, but there are many more benefits to come.”


Reg Brown


BIBA 2012 - “Shaping our futures”


“ S


haping our futures” will be the theme for the 2012 BIBA conference and exhibition, to be held at Manchester Central on May 16 and 17.


Eric Galbraith, the association’s chief executive, says,


“Throughout 2012, BIBA will continue to take the initiative in promoting the need for more proportionate,


appropriate and cost


effective regulation, while stressing the personalised and professional services available to businesses and consumers provided by BIBA members.


“‘Shaping our futures’ will look in depth at the pressures facing the market, while providing the networking and learning experience so valued by brokers, insurers and providers.”


Motor insurance costs up by 12.3%


Watson Car Insurance price Index indicates that, over the 12 months to the end of September, comprehensive motor cover costs have risen on average by 12.3%, compared with premium inflation of just under 38% over the course of 2010.


T 26 insurancepeople NOVEMBER 2011 he latest Confused.com/Towers During the third quarter


of 2011, costs decreased by 1.6%, the first decrease since the second quarter of 2008.


The average cost of a comprehensive policy is now £843, an increase of £92 since October 2010, but a drop of £15 in the quarter.


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