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Brokers: insurers service levels are still falling short

The vast majority of brokers believe that insurers' service levels have plummeted and that offshore ...

The vast majority of brokers believe that insurers' service levels have plummeted and that offshore call centres have contributed to this decline.

According to an exclusive Insurance Age survey of readers, frustration with insurers service levels is at an all time high. Most complaints centred around inexperienced frontline staff, the inability to speak to experienced underwriters, one-size fits all call centres and a simple failure to answer the telephone.

Brokers also felt insurers were becoming

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Yutree outlines plans after MBO

Laura Hancock, managing director of Yutree Insurance has outlined plans for the future following a management buyout, including opening an office in Norwich.

Should you sell your broking business to an Employee Ownership Trust?

Tax-efficient exit strategies and staff incentivisation have become hot topics among broker leaders since the recent increases in Capital Gains Tax and Employer National Insurance. In the second part of a series focused on the fallout from the 2024 Labour Budget, Catherine Heyes examines how broker owners can use Employee Ownership Trusts to respond to these developments.

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