Wednesday 23rd April 2014 11:23am
T: 0845 177 22 66
F: 0845 177 22 55
From January 2005 the sale of all General Insurance has been regulated by the Financial Conduct Authority (FCA), and that includes the sale of Pet Insurance. At this time Veterinary practices had only two real choices of what to do... Stop selling Pet Insurance (which would have a dramatic effect on insurance claim revenue) or become an Appointed Representative of a product provider and locked in to only selling their products.
Now there is another way... ITC Compliance is the UKs leading independent FCA Network and have years of experience with the secondary insurance market. The unique thing about ITC is that as a member of our Network you can at last source products from providers of your choice. So if you are already working with a great product provider but feel that there is a specialist area or breed that requires a bespoke product from an alternative source under ITC you are free to source that product.
Most importantly for a veterinary practice; the more your owners pets are insured, the greater likelihood of expensive treatment being sanctioned where required.