Skip to main content

All part of the grand design

Q. With the regulation watershed, and consequent merger and acquisition activity, many brokers are looking at refreshing their firm's corporate identity. What are the main points for consideration?

Embarking on the design of a new corporate identity can be a powerful catalyst for change, requiring an organisation to examine itself closely.

It is important when doing this that everybody within the organisation subscribes to a vision. Why? Because a broker's services describe what they do, but not how they do it - this is what the client experiences and is what builds profitable and enduring relationships. The purpose of an identity, or brand, is to embody the ambition, drive and personality of an organisation and help build those relationships.

Design at this level requires the right agency. Here are some pointers to choosing and working with them:

- Clarify your purpose. Is this a design make-over or something deeper? Establish what it is you are trying to achieve and ensure others around you share the will. It takes time and commitment.

- Do not be seduced. Are the agency 'big guns' making the pitch going to do the work? Further down the line, will the team be replaced by the reserves? Talk to the agency's other clients; what is their day-to-day experience of the agency? How well do they work with different levels of an organisation? Will they maintain their passion for your business?

- Focus. Creativity without direction is irrelevant. You must work with the agency to maintain the focus.

- Make them a partner. If you bring your agency into the centre of your business, you will get more from them. They should come with a fresh perspective, ready to question your assumptions, throw new light on old problems and provide insight into those you seek to influence.

- Enrol others. Work to make your colleagues enthusiastic about change, drawing them into the process. Your agency should be able to help you in this vital stage of the project.

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 info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

FCA proposes 1.4% fee rise for broker block

The Financial Conduct Authority is consulting on raising levies from brokers by 1.4% in 2026/27 – double its annual budget increase – as it also laid out its work programme going into the second year of its five-year strategy.

ManyPets confirms social media clone

Pet insurance managing general agent ManyPets has confirmed a customer was contacted by an X account impersonating its brand and has issued a warning on how increasingly convincing scammers can appear.

Aviva responds to Direct Line’s £10.6m fine

Aviva has confirmed it was fully aware of the ‘historical’ accounting errors that have led to the Prudent Regulation Authority hitting Direct Line Group with a £10.6m fine and stated there will be no impact on the integration or the financial benefits it expects from the takeover.

PRA fines Direct Line underwriter £10.6m

The Prudential Regulation Authority has fined UK Insurance Limited, a subsidiary and principal underwriter of Direct Line Group and now part of Aviva, £10.625m for a miscalculation of its Solvency II balance sheet during 2023 and 2024.

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: