Blog: Opportunities in your own back yard

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SchemeServe’s John Price insists brokers should not rely on software houses to foster innovation.

I have been dismayed at reports that brokers do not believe software houses have done enough to innovate.

A survey a while back by the British Insurance Brokers Association found 44% of brokers believe this to the case. 

Whilst I agree that the broker community is yet to fully embrace technology-based innovation, I think it is far too simplistic to place the blame at the door of software houses. 

I think brokers would be surprised at just how much disruptive innovation is happening out there

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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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