The number of commercial brokers will shrink from 3,000 to less than 250 in ten years, says the chief executive of Willis Commer-cial Network, Hugh Warren,
Warren, who is in charge of a network of 50 independent brokers in England and Wales, believes smaller companies face an "Armageddon" as they are forced to sell their businesses, due to imminent retirement, market consolidation, the General Insurance Standards Council (GISC) and advances in technology.
"Right now, there are way too many brokers but, by 2010, I think there will be fewer than 250, primarily because of retirement," he said.
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.
