| Practice area: | Finance |
|---|---|
| Client: | British Insurance Brokers’ Association |
| Published: | 26 January, 2023 |
| Keywords: | regulatory costs insurance |
The key findings of the analysis by London Economics of the regulatory costs borne by UK insurance brokers were published by the British Insurance Brokers’ Association (BIBA) in its 2023 Manifesto released on 26 January 2023. The analysis compares the direct regulatory costs faced by general insurance brokers in Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, the United Kingdom and Australia, Bermuda, New York (state), Hong Kong, Japan, Korea, Ontario and Singapore and provides information on indirect regulatory costs in the UK. For the latter part of the analysis, a survey of UK insurance brokers was run by BIBA to gather information on the level of indirect regulatory costs and views of how these indirect costs have changed over time.