Ahead of a week-long ‘Polaris at 30’ series Insurance Age caught up with managing director Vivek Banga to run the rule over the history of e-trading developments and what is coming next for brokers. Polaris was founded in 1994 (see box) with digital trading platform imarket rolled out by the insurance industry-owned organisation in 2004. Banga, … Read more
India’s business activity rose at its fastest pace in three months in November, helped by an improving services industry and record job creation, but output inflation spiked to a near 12-year high, a survey showed. The findings are likely to add to economic growth in the ongoing festive quarter which is expected to pick up … Read more
The Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA) formalised an important step towards enhancing bilateral financial cooperation by signing a Memorandum of Understanding (MoU) in Mumbai on November 21, 2024. The agreement outlines a framework to encourage the use of local currencies—the Indian Rupee (INR) and the Maldivian Rufiyaa (MVR)—for a … Read more
Whilst larger international and private equity-backed brokers might get the most headlines when it comes to mergers and acquisitions, they are not the only firms looking to buy. Martin Friel looks at the emergence of a host of smaller independent companies that are looking to supplement their organic growth with the odd dabble into M&A. … Read more
Close Brothers will require consent from commercial customers for broker commissions for premium finance as of Monday 25 November. In a guide published by Close Brothers and seen by Insurance Age, the business confirmed it will implement the commission disclosure consent process, meaning customers will need to ‘wet-sign’ the CDC form and return it to the broker, … Read more