Innovation Broking is very proud to announce that Paul Dickson, CEO, is taking up a central industry role, on a pro bono basis, as a full board member of the British Insurance Brokers Association (BIBA) and Chair of both the Smaller Brokers Advisory Board, and the Finance committee. “Brokers with under 100 employees make up... read more
Innovation Broking 26.2 challenge Innovation Broking are running 26.2 miles for NHS Charities Together because we appreciate our NHS. Don’t miss out DONATE here!
Drawing on discussions with you, our clients, we are sharing a checklist of the key insurance considerations we believe to be relevant to the current circumstances. Please talk to us about any of the points raised, we are keen to help you. You can reach us via our switchboard number which diverts to our homes,... read more
As we enter another week of lockdown, the statistics surrounding Covid-19 become more concerning and the impact upon business takes a stronger grip, a number of questions arise as to how the virus, and the actions being taken by business in the face of the challenges it raises, can impact on the insurance policies companies... read more
Unlike many of our clients, we have the privilege of being able to work from home – and we plan to maintain a full service. We have also doubled our claims resource and hired 15% more staff in the last month, which will assist our resilience. Our claims team is working flat out at present,... read more
General Overview The priority of the Government at present is to contain the spread of the virus by isolation. This involves physical locations being locked down and those known or suspected of having the virus being locked in. Voluntary measures are also being taken by event organisers to support this. If this strategy fails to... read more
Standing out from the crowd. The SME market provides enormous opportunities for brokers who innovate and offer greater customer focus.
The SME market is growing. Fast. The number of SMEs in the UK has grown by almost 16% since 2000, with small and medium-sized businesses now accounting for more than 99% of all private sector businesses in the country. The combined annual turnover of SMEs was £18 trillion at the start of 2016, equivalent to... read more
Will PE investment lead to more smaller regional brokers being snapped up? Private equity (PE) is set to cause further waves of broker consolidation particularly at the smaller end of the market with the big, eyecatching deals largely completed, according to experts. The comments followed the Global Risk Partners (GRP) deal to buy south west... read more
With effect from 12 August 2016 UK insurance law will never be the same again. Out goes the concept of “material disclosure”, a notion always looked upon with great suspicion by policyholders, and in comes its successor in the form of the principle to be forever known as “fair presentation”. And no longer the theoretical... read more
Firms may have to scale back growth projections as capital gets harder to find Only a fifth of brokers think their businesses will grow post Brexit Uncertainty over the UK’s future relationship with the EU and the fragile economy will likely mean customers buying less insurance, according to brokers. It may be a false economy,... read more