Reportage: Facing the future

rise-of-technology

Brokers need to embrace technology and follow the online trend for commercial lines, especially for smaller businesses, writes Edward Murray

When was the last time you went to your local bank branch? The chances are it has not been for a while and that visits are certainly a lot less frequent than they used to be.

Indeed, whatever you went for could probably have been done electronically or arranged through one of the full service call centres that are now part and parcel of everyday life.

Today’s banking world is a clear vision of what is possible and what lies ahead for the insurance market. However, while the technology may

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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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