A growing concern

Brokers should not overlook the key role they can play in delivering risk management to companies, as Andrew Foxwell learns from one insurer's risk head

Through an application of common sense in the workplace and a technical understanding of industries, risk management seeks to reduce the possibility of claims, thereby saving money for insurers while reducing premiums.

The role has evolved over the years, particularly as industry has developed a more sophisticated approach to health and safety and environmental management, which in turn has been translated into desirable social progress.

Mark Humphreys has been working in health and safety and

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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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