’If we can’t service the broker quick enough, we’d lose the sale, they lose the sale, conversion drops and ultimately it hurts all of us,’ says head of broker development
It is imperative to embrace the opportunities AI can offer in terms of back office functionality, but insurance professionals shouldn’t fear for their jobs just yet
Insurance Times asks industry experts how MGAs are standing out to supersede insurers and increase their market share
’That was the first barrier that was broken down – the idea that software houses only wanted to deal with big blue-chip companies and well-established brokers,’ says founder and managing director
We’ve heard that the unofficial threshold for that payout rate may be set at 30%, with business lines falling under that level likely to draw increased scrutiny from the FCA, says co-founder
Niche schemes have been talked up by experts after brokers were told to focus on size or speciality in the future
The independent broker is focused on strong organic growth and gathering ‘superstar’ talent, says head of UK retail
Setting up shop as a broker has its challenges – however, fortune favours the bold and there are plenty of reasons why tomorrow’s leaders should consider our sector
Insurance brokers might hesitate to provide coverage for dating apps because understanding the ’unique risks associated with these apps’ often necessitates the ’expertise of a specialist technology broker,’ says head of tech, media and intellectual property
Insurance Times asks industry experts how brokers can leverage specialty and expertise to increase their value
If the UK insurance market is to retain its global standing and attract technology-minded staff, then industry-wide diversity strategies and a branding overhaul must be the focus for firms
’Gap was probably at the highest of everybody’s list in terms of a product that was ripe for being targeted and corrected,’ says chairman