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The write stuff

Over the last 10 years, underwriting talent has become a scarce commodity as insurers have tried to replace it with IT and processes - but now the market is crying out for enterprising risk-takers, writes Michelle Worvell

Underwriters aren't what they used to be, apparently. Or so say a number of brokers, who claim that there is an obvious skills shortage in the sector that needs to be urgently addressed. The underwriters' response?

To admit that there has been a problem in the past few years - but one they are striving to correct.

There are a number of reasons why underwriting standards have been slipping in the last five to 10 years: lack of training, for instance, and people leaving the sector or being made

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Yutree outlines plans after MBO

Laura Hancock, managing director of Yutree Insurance has outlined plans for the future following a management buyout, including opening an office in Norwich.

Should you sell your broking business to an Employee Ownership Trust?

Tax-efficient exit strategies and staff incentivisation have become hot topics among broker leaders since the recent increases in Capital Gains Tax and Employer National Insurance. In the second part of a series focused on the fallout from the 2024 Labour Budget, Catherine Heyes examines how broker owners can use Employee Ownership Trusts to respond to these developments.

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