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<h2>Highlights</h2> <ul> <li>Brokers play a vital role in helping consumers and businesses access the insurance products they need, especially in times of uncertainty,&nbsp;safeguarding them against unexpected financial losses.</li> <li>We want to support competition, innovation and growth in the sector &ndash; like other parts of the financial system where we are seeing innovation and disruption through technology, data-sharing, and novel business models.&nbsp;</li> <li>Our regulation takes into account the size and complexity of regulated businesses, but we are mindful of our impact on smaller firms, and we are playing close attention to the views of different stakeholders as we review our regulatory and redress framework.</li> <li>Insurance brokers have the power to deliver social good, through helping consumers and businesses manage risks, supporting the UK&rsquo

United kingdomSupreme courtAuthorisations divisionBritish insurance broker associationDepartment of levellingFinancial services compensation schemeSheldon millsExecutive directorRegulatory sandboxFuture regulatory frameworkRegulators committeeConsumer dutyInsurance distribution directiveGeneral insurance pricingProfessional indemnityAppointed representative