Analysis
Analysis: Are employee benefits the new diversification frontier for GI brokers?
This year, Top 100 UK brokers Jensten, Lloyd & Whyte and Clear have all joined amii, a trade body representing intermediaries advising on health insurance, protection and wellbeing services, while others have acquired in this space. Sam Barrett looks at why firms more closely associated with general insurance broking are branching out to capitalise on opportunities in the employee benefits market.
The FCA’s new five-year plan – what does it actually mean for brokers?
Following the recent publication of its new five-year plan, Insurance Age canvassed opinion from regulatory experts and market commentators on what brokers might expect from the the Financial Conduct Authority between now and 2030.
What ramifications could an FCA ‘whistleblower’ case have for the broking sector?
As an employment tribunal considers the case of a Financial Conduct Authority whistleblower claiming unfair dismissal; Karen Jackson, solicitor and founder-CEO of didlaw, unpicks the possible implications for insurance broking staff thinking of making…
NIC rises and Payrolling of Benefits - challenges and opportunities for insurance brokers
In the final part of a series on the fallout from the 2024 Budget, PKF Littlejohn’s Liam Condron looks at the rise in employer National Insurance Contributions and introduction of the Mandatory Payrolling of Benefits regime, and analyses what these…
The stats: Q4 2024 – Premium growth continues, but at a slower pace
The Acturis Commercial Broking Index reveals further premium increases at the end of the year, but experts predict the market is set for softening in 2025. Ida Axling reports.
The stats: Q3 2024 – Return to growth across the board
Growth in average commercial lines premiums has picked up again in the third quarter of 2024, following a slow-down in the first half of the year, according to the latest Acturis Commercial Broking Index. Ida Axling reports.
The general insurance sector in Glasgow – a dynamic market thriving in competitive times
As with many markets Scotland’s general insurance hub Glasgow has seen consolidation but Martin Friel notes both brokers and insurers are buoyant about the opportunities, with local empowerment key to success.
Experts say industry is improving on fair value despite FCA criticism
The Financial Conduct Authority’s findings that brokers are still struggling to provide evidence that their remuneration is consistent with fair value rules has sparked mixed reactions among people working in the sector. Ida Axling explores the fallout…
Top 100 UK Insurance Brokers: Methodology
Insuramore possesses a detailed knowledge of the global (and UK) insurance broking market resulting from rankings that it publishes annually of the top 300 such groups according to their worldwide revenues, with 2023 the most recent (see www.insuramore…
How specialist incubators are helping fuel MGA growth
The managing general agent sector is booming, creating increased demand for specialists who can help would-be MGAs get set up. Edward Murray explores this world of ‘incubators’, and highlights how they can help fledging businesses.
Event insurance – how is the sector evolving to meet the changing risk landscape?
While the event sector has rebounded post-Covid, it still faces a host of challenges. Challenges that offer brokers opportunities to help organisers both manage and mitigate risks to soften the blow if they have to cancel or postpone a planned event due…
Are Northern Ireland brokers feeling the personal lines capacity squeeze more than most?
With prices rising faster in personal motor and household than other parts of the UK, brokers in Northern Ireland have good reason to be worried about remaining competitive. Siân Barton gets to the root of the issue and explores what is being done to…
Market Movement Index: should I stay or should I go?
New research from analyst Broker Insights shows there is plenty of commercial policy movement – particularly in lower premium classes – which indicates strong competition and adequate capacity. But do brokers agree? Rachel Gordon reports.
The stats: Hard market remains - but for how much longer?
Property and fleet rates remain stubbornly high as shown by the latest Q4 figures from the Acturis Commercial Lines Index, Rachel Gordon reports.
Insurance industry achieves FCA fine free 2023
The Financial Conduct Authority dished out £52.8m in fines in 2023, the second lowest total since the regulator was formed in 2013.
The stats: Q3 hit by rocketing property owners and fleet rates
The latest figures from Acturis show that commercial insurance premiums continue to rise, resulting in an increasingly challenging environment for brokers and their clients, reports Rachel Gordon.
Top 100 UK Insurance Brokers 2023: Analysis
What have been some of the most significant themes in the UK broker market over the past 12 months? John Needham and Will Lanyon from PKF Littlejohn, explore the impact of some of the main macroeconomic developments on industry trends such as M&A…
