Plugging into the network
Networks are becoming increasingly popular amongst brokers, but what are the advantages and pitfalls of joining up? Research by Insurance Age reveals the state of the market
Brokers are showing more interest in networks now than they did three years ago, according to research by Insurance Age. A questionnaire, completed by representatives from 14 networks, saw some 92% of respondents stating that they had seen an increased amount of interest, with the remainder saying they believed it was about the same as three years ago.
Access to markets and products, support, buying power and help with regulation were the main advantages of being part of a broker network cited
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