Outlook 2010

looking-ahead

The only certainty over the coming year is change, with brokers seeking new avenues to secure their businesses while regulatory control could undergo seismic shifts in the UK and Europe, writes Jessica Pothering

Everyone is waiting for the winds of change, hoping that 2010 will bring an end to the recession. While there is talk of the green shoots of a recovering economy, it seems the only winds blowing lately have left behind devastated homeowners and a new wave of insurance claims that need to be dealt with.

Add to this equation the rating increases that many in the industry had predicted for 2009 but did not really materialise - especially for new business.

When considering that insurance fraud is on

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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