
Are brokers still as safe as houses?
Insurance brokers have been resilient to recession in the past, particularly those in the independent sector. In the previous two recessions of the 1980s and 1990s, few brokers went bust, and those that did were mainly a result of over-rapid expansion stretching balance sheets far too much, owners taking too much out of the business, and fraud. These businesses did not have the resources to weather any downturn, or enough fat to overcome the shock of a major loss through fraud by a director or
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Broker
Most read
- Aviva enters exclusive discussions to buy Azur’s HNW operation
- RSA re-jigs leadership team to bring customer operations and claims together
- Blog: Nine ways to reduce risk in tech firm contracts
- Michael Gove slams "neither fair nor decent" high premiums for leaseholders
- FCA speeds up permission removal process
- Zurich to sell Russian business to local team and exit market
- 2022 Empower Ethnic Minority Executives list names insurance stars