Allianz will be looking to address concerns in the market surrounding new terminology in the Insurance Act, specifically on the term ‘fair presentation of risk'. This is an issue that BLM’s Broker Pulse survey identified was a problem, with 70% of respondents saying that they had not been provided with enough guidance on the subject.
Speaking to Post, BLM partner and head of the broker sector, Helen Devery said: "We've got seven months before it (the Insurance Act) comes into effect in August, there needs to be a number of announcements regarding how the industry will react to this and how they will position themselves, Allianz's comments will probably be the first of many.
"The Insurance Act is an opportunity for brokers and the market to come closer together."
You can read Helen’s comments in full on the Post website and you can read the full findings of the Broker Pulse survey here.