17th February 2022
With loyal and new customers facing a 20% rise in home insurance premiums, there’s never been a better opportunity for brokers to prove their value
Insurance providers now have to offer their existing customers the same deals as new ones, but instead of bringing ‘loyal’ premiums down, it has pushed all premiums up!
Our very own Commercial Director, James O’Hara says:
“The change in regulations has been implemented and over the last 6 months in particular, there has been a noticeable effect as providers put their various approaches into place. In some cases, premiums actually went down in the run up to the regulation deadline as providers jostled for market share, which could create an even greater price rise next year for those affected.
Ultimately, this all spells a period of uncertainty and confusion for the end customer at a time of already squeezed household budgets. So this brings another opportunity for brokers and advisors to demonstrate the value of their expertise and bolster their relationships with clients.”
With this in mind, now is the perfect time to get in touch with your clients and see what you can do to help. As a broker, you can access offers they can’t, meaning you might be able to save them £s on their home insurance and strengthen that client relationship.
Our Infinity Platform lets you search and compare quotes from across the market, for more than 30 non-standard risks, enabling you to help clients who have struggled to get cover themselves. Find out more here.