Penny recently had the pleasure of catching up with newly appointed British Insurance Brokers’ Association chief executive Steve White, hoping to gain an insight into his plans to change the sector for the better.
White, clearly trying to make an immediate mark in his new role, has already been affecting change but perhaps not in the most obvious way. His first decree was to make Bourbon biscuits compulsory in Biba meetings, coining the collective noun a “delight of Bourbons”. While it wasn’t quite the attack on the overregulation of broking Penny was expecting, a mandate on tasty treats is certainly something to believe in.
Meanwhile, being a fan of Star Wars, like any right-minded moviegoer, Penny was impressed with the way broking giant Willis has embraced the franchise as part of its directors’ and officers’ programme. The intermediary, clearly with George Lucas fans in its midst, named its new scheme Darcstar – a reworking of Dark Star, the flagship for the 77th Task Force dedicated to cleaning up corruption in the Empire. Hoping to get in on the act, insurance market fans have come up with their own nickname for the scheme – Obi-Wan D&Obi. May the force be with them.
Zurich disappointed in new #discountrate. David Nichols, Ch Claims Officer: "The failure to change the discount rate to a balanced level will only serve to increase the cost and, therefore, affordability of certain types of insurance - especially for higher risk customers." pic.twitter.com/ac1CfBzfxX— Zurich Insurance UK (@ZurichInsUK) July 15, 2019
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