Analysis

Nearly half of brokers consider the regulatory environment in the UK insurance market ‘too restrictive’

By 2025-04-09T07:00:00

Screenshot 2025-06-26 162923

Smaller firms without dedicated compliance teams find current regulations the most burdensome, according to exclusive Insurance Times research

Nearly half (44%) of the UK general insurance (UKGI) brokers polled by Insurance Times between October and December 2024 believe that the current regulatory environment for the country’s insurance market is too restrictive, making it ”difficult to balance” compliance ”against the needs for running a business”.

Read more…

Explore more broker related content here, or discover other news analysis stories here

You need to register to continue reading the rest of this article and more for free.
(If you’re already registered, please sign in here.)

REGISTER NOW FOR FREE

We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.

Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:

  • Uncover Secrets: Dive deep with exclusive annual reports, fueled by expert insights.
  • News That Matters: Award-winning coverage & analysis, delivered to your inbox.
  • Stay Ahead, Your Way: Daily or weekly - choose your news rhythm.
  • Own Your Learning: Curate your knowledge with a personalized library.

Register for FREE now and Keep Reading

Stay on top of the insurance game with our subscription! Get unlimited access to over 80,000 articles, in-depth analysis, exclusive reports by industry experts, and our Five-Star rating system to compare companies and find the best fit for your business needs - view subscription options.