You are here: Home - News -

CETA details brokers support

  • 17/11/2003
  • 0
CETA has announced a range of broker support services designed for the post regulation general insur...

CETA has announced a range of broker support services designed for the post regulation general insurance market. The general insurance network is promoting a broad based solution for intermediaries, including those leaving the industry, after Financial Services Authority regulation in January 2005.

Intermediaries opting to be directly authorised will be able to access compliance services, a compliant quotation system, training services and CETA”s product panel. CETA will also offer principal status to those opting for appointed representative (AR) status, and, in addition to the above, will offer professional indemnity cover and business development aid. ARs will also have access to a mortgage panel through multiple principal agreements.

David Quick, managing director of CETA, said: “CETA has made sure it is ready for regulation well ahead of schedule, so that brokers can make decisions about general insurance at the same time as they decide about mortgages.”

He added: “Brokers should remember that they do not have to use the same principal for general insurance that they do for mortgages. Many mortgage networks have only a limited availability of general insurance products.”

Those brokers for whom general insurance makes up a small portion of their business can opt to become introducers, with CETA providing cards and literature, at reduced commissions. Those opting to leave the industry altogether will be able to continue to receive income from previous business through “CETA Exit”, whereby the network will continue to develop the intermediaries” client bank.


There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @Official_AMI: We raised an amazing £3,536.40 for @MytonHospices last night so a huge thank you to everyone who donated. This is the hig…
Read previous post:

Universal Building Society Universal Building Society has announced the appointment of Kevin Basey ...