Power hour: A place for networks

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As the SME market becomes increasingly automated, networks could give regional brokers the clout to compete with the big players, our expert panel tells Andrew Pearce

Are brokers becoming volume or niche players rather than generalists? 

Bob: We’ve got a number of specialist brokers – one deals exclusively with footballers and celebrities while we have people who specialise in fleet. [But] the assumption that the community broker isn’t a specialist is wrong. For example, a community broker that works with Turkish businesses is a specialist even if they’re dealing with lots of different insurances so the definition between specialist and general is probably

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FSCS gives first insight on increasing levy to £394m

The Financial Services Compensation Scheme has indicated its levy for 2025/26 will rise to £394m from £265m this financial year as it cited having lower surpluses to carry forward and offset bills – a factor that has benefited brokers for two years in a row.

Konsileo seals £8m fundraise

Top 100 insurance broker Konsileo has completed an £8m fundraise to accelerate its expansion across the UK, Insurance Age can reveal.

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