June 2025 Edition

Insurance Times June 2025 Edition Cover

In this month’s edition: Markel UK’s broker divisional director, Jo Sykes, explains how the insurer plans to be more relevant for broker partners, Insurance DataLab reviews latest FCA figures for complaints trends, brand new data-based index showcases commercial premium movements in softening market and insurtech MGAs receive capacity interest – despite a high bar for partnership standards.

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Cover story

Jo Sykes

Jo Sykes: Markel UK devises five pillar plan to become ‘more relevant’ for brokers

Among the insurer’s key focuses for the next five years is developing further schemes propositions, building out its eTrading strategy and improving its regional distribution network

Leader

women, diversity, inclusion

Opinion: ‘Audacious’ self-confidence is vital to progress D&I agendas

Female delegates at Biba’s 2025 conference united like never before at the trade body’s inaugural diversity and inclusion breakfast

The Market

Stock market analysis

Softening market sees commercial premiums drop in all but one UK region

‘For brokers, a softening market entails an increased focus on rebroking to secure the best terms and a close examination of policy wordings to advise if cheaper [cover] fits the needs of clients,’ says director

In Focus

Risk management

In Focus: How important is it for insurance to move beyond indemnity and into risk mitigation?

Although indemnifying policyholders following an insured event is the principal premise of insurance, insurers, brokers and MGAs alike are taking greater interest in risk mitigation and prevention strategies to help nip claims in the bud - but how prevalent is this trend and in what lines of business is it ...

The People

Partnership (2)

Biba 2025: Tokio Marine HCC strives to secure three facilities with brokers in 2025

The insurer’s international head of distribution believes the business needs ‘to whisper a little bit louder’ than it has done in the past to attract greater brand recognition and better promote broker partnership opportunities