Skip to main content

State of the Broker Nation 2018: Probing broking

state-of-the-broker-nation-logo

Michèle Bacchus spoke to brokers to find out their thoughts on regulation, their trade body and their opinion of the UK insurance market

There are more than 3000 insurance brokers in operation providing support and advice. Post asked them their opinions on the regulators, their trade body and the current state of the insurance market.

Methodology

Between February and March 2018, a total of 144 UK brokers responded to an online survey created by Post. The questions pertained to a range of issues concerning insurers, regulation and governance, professionalism, digital technology and the future. Brokers answered on an anonymous basis and any reference to particular companies has been taken out. The survey was sent out to both personal lines and commercial lines brokers and more than  70% of respondents work in SMEs.

Full report

The full report is free from 1 May for premium subscribers or can be bought by contacting enquiries@riskbooks.com

SOTBN-01
SOTBN-02
SOTBN-03
SOTBN-04
SOTBN-05
SOTBN-06
SOTBN-07
SOTBN-08
SOTBN-09
SOTBN-10
SOTBN-11
SOTBN-12

 

 

 

 

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe

You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.

Q&A: Massimo Cavadini and Pardeep Bassi, WTW

Massimo Cavadini, head of product, pricing, claims and underwriting for Continental Europe at WTW, and Pardeep Bassi, global proposition leader for data science, insurance consulting and technology at WTW, delve into the 2025 European Insurance & Occupational Pensions Authority’s Generative AI Market Survey and whether a rewrite of the rules of insurance analytics is required.

Fair value rules still fail brokers and consumers alike

Four-and-a-half years after the Financial Conduct Authority’s fair value rules arrived, Branko Bjelobaba, principal of compliance consultancy Branko Ltd, argues inconsistent data and vague metrics still make it difficult for brokers and consumers to compare insurance products properly.

Climate change puts brokers centre stage

With floods, heatwaves and subsidence rewriting the rules of risk, Caroline Elliott-Grey, senior product manager for UK and Ireland at LexisNexis Risk Solutions, argues brokers who harness property-level insights can build trust, protect clients and prove their value in a volatile market.

Could the Gallagher and PIB deal be back on?

Deputy Editor’s View: Whispers at the British Insurance Brokers' Association conference earlier this month suggest Gallagher could be willing to buy PIB again, less than a year after plug was pulled on a deal and the latter refinanced.

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Post account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here