In-depth - succession planning: Beyond succession
Brokers should be able to rely on help from their insurer partners when it comes to succession planning, writes Phil Bayles
The insurance market is in a state of dynamic flux, with ever increasing challenges including changing customer demands, digitalisation and regulation. Added to this, broker acquisitions and consolidation are firmly back on the agenda after a quieter period following the financial crisis.
Of course the UK broker market is no stranger to consolidation. Investors are attracted by the fact that insurance broking isn’t balance sheet intensive when compared to other financial industries and
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