Reassessing the role of risk in the broker market

This month's Power Hour panellists discuss whether the majority of brokers can continue to get by with only a basic knowledge of risk management or if it is time to update their practices in order to offer a more professional and expert service to their customers

Do you think brokers are doing enough to promote risk management in their customers' businesses and their own?

Colin: There is awareness in the broking community that it is no longer a case of getting a quote and arranging the fire insurance, but putting real risk management advice around it. With clients facing cost pressures brokers can also help the client reduce the costs of basic cover. So the drivers are all there, but the facilities are still too light. We still have a lot of opportunity