Review of the Year 2023: Sicsic Adivsory’s Nadege Genetay

Nadege Genetay, partner at Sicsic Advisory, risks hate mail by citing the FCA action on multi-occupancy building insurance as her highlight of 2023 and predicts some brokers might move away from commission to remuneration based on work performed.

Nadege Genetay, partner at Sicsic Advisory, risks hate mail by citing the FCA action on multi-occupancy building insurance as her highlight of 2023 and predicts some brokers might move away from commission to remuneration based on work performed.

What has been your insurance/broking related highlight of 2023?

I may get hate mail for this, but a highlight for me has been FCA action on multi-occupancy building insurance. It posed a fundamental challenge to broker commission models more generally – and I choose it as a highlight because it is not something regulators intervene on every day.

What has been the most over-hyped insurance/broking buzzword or phrase of 2023?

I’d say embedded insurance – I would argue it’s not as new as people make

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