We are sorry that our initiative failed. It did create a small dialogue, but too few brokers stood up for their clients and pushed the insurers for the change that in many case was already enshrined in their own contracts (and ignored).
The purpose of this commitment is to help restore faith in the contract between insurers/TPA’s and policy owners. The commitment provides a basis for improved communication by allowing brokers the opportunity to discuss amendments with policy owners at renewal. It aims to reduce cases of multiple amendments – and with them, insurer/TPA costs – while ensuring that the amendments are legally enforceable without confusion or misunderstanding.
If you are a broker, we want you to;
- Add your name to the list showing support of this initiative
- Pass this on to every insurer and TPA you deal with and insist they do so
- Pass an invitation to EVERY broker you know to support it.
If you are an insurer, Third Party Administrator (TPA) or other provider or association, we want you to;
- Agree to the commitment
- Allow us to show your name and logo on the site.