On the dawn of a new age

Is the independent broker market on the verge of more change, or will the sector continue with the current trend of consolidation and insurers buying brokers? Sarah Hills explores what many in the industry expect will become of the sector in the not-too-distant future and, in particular, the aspects of business that independent brokers believe they will be focusing their efforts on

Opinion on the state of the independent broker market differs throughout the various sectors of the industry, although many commentators appear to agree that the sector is in a transitional period. With brokers taking over brokers, and the apparent new trend of insurers acquiring brokers, the sector is changing in terms of dynamics and size.

While brokers are being forced to shut down and start-ups are beginning to emerge, the state of the market is certainly presenting a challenge to firms