In-depth: Sticking with schemes

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More brokers than ever are trying their hands at schemes, but even those with experience have to avoid the pitfalls on the path to success, explains Andrew Pearce

Schemes are no longer the preserve of a select few brokers. So what are the opportunities, and just as importantly threats, for those already in the market?

Recent indicators imply that a market place already estimated to be worth some £3bn in the UK will continue to grow. A UK General survey in June 2012 found that 85% of brokers believe the general insurance market will increase its share of schemes business during the next five years.

However it is unlikely that those already well entrenched

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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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