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.

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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