Market reacts to providers’ job cuts

redundancy

Mixed response from brokers to news of redundancies at Zurich and AIG

Up to 50 broker-facing roles at Zurich are set to go as the insurer plans to shed 440 jobs from its UK general insurance business.

The announcement followed closely after the provider reported a 48% fall in operating profit for the third quarter of 2015.

According to Zurich it is aiming to reduce its costs by at least £40m over the next two years, simplify its operating structure and become more efficient in its commercial broker division.

There were differing reactions from brokers as to what

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

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