News Analysis – Page 2
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News Analysis
Briefing: Young brokers deserve more than a desk and a diary – give them the Biba experience
Enabling early career staff to attend industry-wide conferences is not just a ‘nice to have’ option, but an essential part of their development journey into future leaders for our industry
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News Analysis
Are apprenticeships the solution or a costly burden?
’It is hopefully a fast-disappearing perception, but the idea that apprentices are school leavers who make the tea is woefully out of date,’ says learning and development lead
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News Analysis
Five years of ombudsman data exposes insurance’s biggest complaints
A five-year review of ombudsman complaints data reveals motor insurance continues to dominate complaints volumes, while travel insurance has the highest upheld rate of the major UKGI business lines
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News Analysis
Briefing: Biba’s conference agenda lands – answers will be sought in sessions
The conference agenda of Biba’s flagship event in May will dive into topics that are at the heart of organisational success or failure – attending brokers will be listening hard to gain business benefits
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News Analysis
Sector must ‘start again’ to tackle ‘different beast’ of commercial fraud
’It wasn’t that long ago that the insurance industry came together to tackle major personal lines fraud, so it should be easy to do it again,’ says executive director
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News Analysis
In Focus: Was Gap insurance ‘unfairly targeted’ by the FCA?
’The way [the FCA has] gone about it, closing down an entire market, is unheard of,’ says managing director
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News Analysis
Beyond borders: Why UK brokers are expanding into Europe
If scale is not sought in Europe, then PE-backed brokers may find themselves being consolidated, further shrinking the UK’s broking mid-market – but what marketplaces are proving most attractive for acquisitional growth?
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News Analysis
Broker schemes data shows overarching commission growth stutter
‘The latest set of data presents a mixed bag,’ says SchemeServe chief executive
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News Analysis
Briefing: Consolidation shrinks UK broker volume – but paves way for new talent and insurtech entries
The number of retail brokers regulated by the FCA has reduced by 46% between 2006 and 2024 – this is leading to new trends and acquisition focuses across UKGI in 2025. However, more M&A is definitely on the cards…
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News Analysis
Briefing: FCA right to put diverse talent attraction onus on employers
As an industry, the insurance sector must ditch quotas around diverse hiring and really think about inclusive business strategies – especially in light of the FCA’s decision not to mandate formal D&I requirements
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News Analysis
Insurance industry needs to hire ‘skills for the future’ instead of focusing on the past
’What were network engineers doing 10 years ago – plugging cables into the back of boxes? That’s not what they are doing now,’ says expert
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IT Interview
Dan Saulter: Growth remains on the agenda as Davies sets out 2030 targets
Chief executive confirms that organic growth is the professional services firm’s main growth lever for the next five years – however M&A is not off the table if a deal is ‘complimentary to our strategic objectives’
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News Analysis
Briefing: London loses in more ways than one as Matcham departs
The International Underwriting Association confirmed this morning that incumbent chief executive is stepping down from his role
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News Analysis
Is the industry doing enough to attract care leavers?
’It is important for children in care to see individuals with similar backgrounds achieving successful careers in the financial services industry,’ says sales operations consultant
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News Analysis
Briefing: The UK’s unique opportunity to create a world-first ‘insurer of state’
Insurtech leader argues that risk management could become ’a proactive and strategic arm of government’ with the right model
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News Analysis
How UK brokers are adapting to a tougher compliance landscape
The cost of regulation in the UK has never been higher, so how are brokers navigating a more arduous landscape?
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IT Interview
Rachel Turk: Changing perceptions at Lloyd’s and improving coverholder supervision
Lloyd’s of London’s chief underwriting officer talks recent results and the need for future underwriting discipline
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News Analysis
Solicitors secure premium benefits as professional indemnity market stabilises
Although the majority of legal professionals are now enjoying ‘favourable’ PI premiums, ‘smaller firms and firms doing property work still face challenges’ finding affordable cover
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IT Interview
Alex Jomaa: Brokers ‘have been let down by insurers’ on customer cyber education
’What you have to keep in mind about the cyber crime industry is that it is an industry, that it is hugely lucrative and is dependent upon skilled technicians to deliver the various stages of an attack with different skill sets,’ says CUO
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News Analysis
Market responds as FCA shelves ‘name and shame’ and D&I proposals
The updates were revealed in a letter sent to the Treasury Select Committee