In-depth: Finding the formula

ia-science

Schemes are a lucrative area for brokers but can be difficult to get right. Sam Barrett examines the challenges for brokers while Siân Barton analyses how brokers can innovate and gain new business in a competitive environment

Cooking up a scheme    Many brokers have tapped into the schemes market, but regulation changes could make writing the products more onerous, reports Sam Barrett

 

Schemes are an attractive part of the e latest research from UK General shows that more than a third of brokers write the majority of their business in this way. But, with a number of challenges on the horizon, the market could be facing something of a shake-up. 

Probably the most significant challenge facing the market is the

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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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