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Source Insurance partners with PM Property Lawyers
The modern insurance market requires a significantly different approach compared to five or ten years ago, let alone a couple of decades ago.
Clients expect a certain level of service from their adviser, which has now been reinforced by the FCA’s Consumer Duty regulations implemented in 2023.
It’s fair to say that the last 24 months have seen a significant increase in the cost of purchasing Home Insurance and although those increases have slowed down, we are yet to have ‘turned the corner’.
As you know, becoming a Consumer Champion doesn’t happen overnight. It takes years of experience to build a trusted reputation in the Financial Services industry.
Source Insurance has announced a partnership with one of the UK’s largest and fastest growing wealth management firms, Fairstone.
In 2023 alone, home insurance prices rose by an average of 40%, with many customers experiencing prices north of these averages. However, 2024, so far, is shaping up to be a better year for customers, regardless of continued price rises.
Much like the Doomsday Clock, which counts down to the likelihood of a human-made global catastrophe, the Consumer Duty Clock is getting ever closer to midnight, when the first annual board report will be due.
One Mortgage System (OMS) has announced a full application programming interface (API) integration with Source Insurance to enhance its users general insurance experience.
Advisers constantly battle aggregators to offer competitive premiums to their customers. Understandably, clients often find it difficult to decipher which product offers sufficient coverage (for a reasonable price).
Source have continued solidifying relationships with their advisers by expanding their popular general insurance education hub, LearningLab.
