Brokers agree that regulation is the biggest challenge they now face, research suggests.
Software specialists Misys said 72% of respondents surveyed saw the task of adapting to statutory rules as their major short-term hurdle.
But less than a third - just 31% - have a written business plan in place to cope with the changes they expect and 60% freely admit they need more help.
This is despite 71% having appointed an in-house compliance officer and about half of brokers asked saying they have documented their working procedures and introduced a formal staff recruitment process.
Misys produces a regulatory support package, Equip. It produces business templates and a guide to implementing likely regulatory requirements.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
