2 min read: ARC LEGAL GROUP CONFIRMS PARTNERSHIP WITH GEO UNDERWRITING
Arc Legal Group (Arc Legal), the specialist provider of ancillary insurance products and services...
The Arc team regularly provides media comment on relevant issues. Below is from an article published in the insurance trade publication, Professional Borking.
Richard Finan, founder of Arc Legal Assistance, suggests there are other reasons behind why brokers may not be so keen to push household-related BTE products: “In terms of motor it comes down to whoever pays the highest referral fee gets the business. For household it depends on whether or not insurers broaden their product range. Whereas the income from household-related BTE insurance is only the income from premiums, the income from motor-related BTE insurance is the premium income plus earnings from the claims referrals, so there’s more money to be made.”
The full article can be found at www.professionalbroking.co.uk