France's risk management association has signed an agreement with its risk transfer peers intended to guide the relationship between buyers, intermediaries and underwriters in the non-life insurance sector.
The charter between AMRAE, brokers' association CSCA and insurance body FFSA was signed and presented to the public on the second day of the Rencontres AMRAE in Lyon yesterday.
The document formalises a set of good practices that should govern the relationship between the three parties when it comes to negotiations of non life insurance in France. It aims to allow a freer flow of information across the market and strengthen the legal and financial security of insurance contracts.
Its announcement follows an agreement signed back in 2006 between commercial buyers and brokers, but is the first such document that has also been signed by insurance industry representatives.
The four-page charter includes sections on the legal and financial security of contracts, international programmes, claims, innovation, tenders, transparency, accountability and fees.
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