Analysis

Briefing: Next generation has opportunity to furnish broker mid-market as firm numbers dwindle

By 2024-05-30T08:00:00

Stuart Reid

Despite Biba’s 2024 manifesto confirming that UKGI broker numbers are decreasing, demand for this service is still prevalent – future leaders must seize this opportunity

This month (May 2024), in conversation with Biba’s chief executive Graeme Trudgill, I have been shocked to learn that in 2006/7 there were 8,261 general insurance intermediaries here in the UK, whereas there were just 4,019 as of 2022/23, as cited in Biba’s most recent manifesto (January 2024).

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