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Scheme brokers see double digit year-on-year commission growth – but momentum slows
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Schemes
News Analysis
Scheme brokers see double digit year-on-year commission growth – but momentum slows
Commission growth may be up year-on-year for major scheme classes, but this momentum has slowed and even reversed for some lines
News
High Five: Catch up on the biggest exclusive stories this week
Insurance Times rounds up the biggest exclusive stories from 19 to 23 May 2025
IT Interview
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
News
Biba 2025: Hiscox UK seeking to improve ‘response times and service delivery’ for brokers
The insurer is also striving to be ‘really clear’ on its appetite in line with sector focused distribution strategy
News
Partnership launches major new drone and Evtol insurance facility
‘We’re also excited because the facility provides the opportunity to support the rapidly expanding field of drone passenger services, or Evtol ’, says founder and managing director
News Analysis
The rise of the product led broker
Brokers are no longer just insurance distributors – they’re becoming product architects, reshaping policies to meet the real-world needs of clients. But what’s driving this shift and what does it mean for the future of broking?
News Analysis
Broker schemes data shows overarching commission growth stutter
‘The latest set of data presents a mixed bag,’ says SchemeServe chief executive
News
Broker to expand therapy scheme with Peach partnership
’It’s very important that our policyholders have access to the protection they need to safely deliver their full range of treatments,’ says commercial broker
News
Founder of personal lines broker joins new broking group as head of schemes
’The market is evolving rapidly and I look forward to building on the strong foundations already in place to deliver real value for our customers and stakeholders,’ says appointee
News
Aviva seeks to ‘improve connectivity’ with scheme broker partners in 2025
As the insurer looks to grow existing schemes via ‘transparent’ conversations with brokers, it also hunts for ‘nicheness’ in new opportunities – both inside and outside of underwriting
Sponsored Content
Making scheme implementation successful – Travelers
Sponsored content: David Bailey, schemes development manager at Travelers Europe, explains the framework Travelers uses to set insurance schemes on track for success
News Analysis
In Focus: Why are schemes brokers such attractive acquisition targets?
’A lot of schemes brokers have the ability to organically grow, probably beyond where normal market growth rates are,’ says managing director for schemes and affinities
News Analysis
In Focus: What role do broker schemes play in supporting affinity and membership groups?
Membership groups often have very specific insurance needs that brokers seek to address through scheme propositions – but how is this approach beneficial for brokers?
News
Axa UK promotes for new director of schemes and delegated authorities
’The team and business are in great shape,’ says appointee
News Analysis
Broker schemes data reveals lines with ‘consistent growth in earning value’
The commission brokers earned from commercial combined lines increased 33% year-on-year, equivalent to an uplift of £1.24m
News
Broker announces new scheme for BMW motorcycle owners
’We have worked closely with the club and its members to create an insurance scheme that suits their needs,’ says partnerships director
IT Interview
Jo Sykes: Markel UK set ‘to invest in future growth’ for 2025
In particular, schemes with brokers will be a ‘focus’ for the ‘end-to-end’ insurer next year, says divisional director
IT Awards 2024
Insurance Times Awards 2024: Commercial Express enjoys ‘milestone year’ with 36% GWP growth
Duncan Pritchard, managing director at Commercial Express, talks about the company’s entry for the MGA of the Year award
News Analysis
How can broker schemes help entice the next generation of hobbyists?
Certain passions, such as classic cars, have an ageing demographic of participants – yet broker schemes can support clubs in futureproofing much-loved hobbies
News
High Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories from 11 to 15 November 2024
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