The Law of Insurance Broking and Insurance Brokerage Firms

This book introduces the professional activities that a broker undertakes on a daily basis and outlines the scope of duties they owe to the assured and insurers when playing different roles. It is a detailed and practical guide, and as such will be an essential reference for insurance broking professionals, compliance officers in insurance brokerage firms and legal practitioners involved in insurance and reinsurance.

Insurance brokers play a vital role in the insurance market by matching the assured''s needs with insurers’ products. They may also act in other capacities such as, producing broker, placing broker, or even underwriting agents.

This book introduces the professional activities that a broker undertakes on a daily basis and outlines the scope of duties they owe to the assured and insurers when playing different roles. It covers:

• the scope of the insurance broker’s duties
• relevant compliance issues
• the lifecycle of an insurance policy
• Insurance Act 2015, IMD II and Solvency II legislation
• EU laws regulating insurance brokerage
• the latest case law and regulator''s decisions

This book is a detailed and practical guide, and as such will be an essential reference for insurance broking professionals, compliance officers in insurance brokerage firms and legal practitioners involved in insurance and reinsurance.