In-depth - succession planning: Beyond succession

Phil Bayles Aviva

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 typicall