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Aon and Axa to provide PII cover for advisers.

Aon Risk Solutions has agreed a deal with Axa Commercial Lines to provide professional indemnity insurance for independent financial advisers in the UK.

The cover will be sold through the Aon branch network with Aon also binding and issuing policy documentation under a limited delegation of authority.

The firms say the cover is being provided after research found advisers had grown frustrated at the lack of options available and the amount of time needed to fill in proposal forms.

Aon Risk Solutions director Andrew Gough says: “Our research highlighted that IFAs were dissatisfied with both the lack of choice in the market and the paperwork involved in obtaining a quote, so we worked with Axa to bring in new capacity and streamline the process.”  

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