Airmic warns about facilities conflicts

The use of facilities in the commercial insurance market risks
creating a "conflict of interest", according to a report
by UK risk managers' association Airmic.
In a report released at the 2017 Airmic conference in
Birmingham, the trade body raised concerns about brokers pushing
risk managers towards facilities with higher fees.
The paper said: "Due to the enhanced commission received
from facilities, there is potential conflict of interest that must
be addressed to avoid insurance buyers being