- Brokers offer huge value, whether it’s working in the customers best interests, helping them get the right cover to match their risk appetite or as an enabler of growth. With over 55% operating outside of London and the South East, they play a huge role in local communities too.
- Real life examples of insurance brokers making a difference to business customers.
- Balancing the twin priorities of needing more housing and achieving net zero by 2050 offers both risk and opportunity. Government needs to work with the insurance industry to ensure a viable insurance market exists for sustainable and modern methods of construction.
- With the increase in the propensity and severity of flood risk we need to ensure flooding is seen as a political and economic priority. This requires long-term investment in flood defences and a means of preventing recurring flood damage to homes and a stronger recognition the need to increase business resilience to flood.
- Cyber risks are on the rise and require Government and the insurance industry to collaborate to raise awareness of the risks and the need for standalone cyber insurance.
- AI offers many opportunities for insurance brokers and insurance more generally. New BIBA guidance will help members to understand how they can use it in their firms.