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By the time 2027 wraps up, GreenMatch predict a staggering 50.2% of UK households will possess at least one Smart Device.
Some popular devices include smart thermostats, smart meters, entertainment devices, virtual assistants and security systems.
Many homeowners don’t think to prep their properties for the weather accompanying the autumnal season.
Have you checked in with your clients recently? If not, use this guide to ensure your clients are ready to protect their homes before the weather starts to turn!
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.
