Brokers attack ‘misleading’ competition report

INSURANCE brokers have launched a scathing attack on an interim report by the Competition Authority into their profession which they branded “inaccurate and misleading”.

The Professional Insurance Brokers Association (PIBA) said much of the analysis did not contain evidence to support its views on the broker market.

The organisation also complained that the authors of the report had failed to collect any data from actual brokers.