Kama Capital Empowers Introducing Brokers at iFX Expo Dubai

The Canadian P&C insurance sector is facing scrutiny regarding the management of managing general agents (MGAs) in light of recent allegations against TruStar Underwriting, which is suing its former CEO and others for fraud. Experts emphasize the importance of brokers thoroughly vetting MGAs to avoid errors and omissions risks, particularly as some clients may have unknowingly secured no coverage due to the alleged misconduct. The Financial Services Regulatory Authority of Ontario has initiated a supervision plan to better understand MGA and insurer relationships and ensure consumer protection. In the financial trading industry, Kama Capital is reinforcing its commitment to empowering Introducing Brokers (IBs) by providing innovative tools, flexible commission structures, and ongoing training to help them thrive in a competitive landscape. This includes the introduction of AI-driven tools and comprehensive support to enhance IB efficiency and client service. Both sectors highlight the crucial role of oversight and support systems in enhancing the trust and effectiveness of intermediaries.