Broking challenges in difficult economic times

  • Richard Webb Richard Webb
    Director. Manchester Underwriting Management
  • Karen Weir Karen Weir
    Managing Director. Weir Insurance Brokers Ltd
  • Helen Bryant Helen Bryant
    Director, Digital Trading. Allianz
  • Emma Robinson Emma Robinson
    Broker Service Delivery Manager. QuestGates
  • Graeme Trudgill Graeme Trudgill
    Executive Director. BIBA

Brokers are concerned, given the cost-of-living crisis and high rates of inflation, that the financial resilience of both consumers and businesses is under pressure. Research shows that policyholders are cutting back on many areas of cover. BIBA is issuing a suite of guidance to support customers in these difficult times, including underinsurance, valuations, making a claim and balancing the cost of insurance with the valuable protection it offers.

By the end of this session, delegates should be able to:

  • Explain ways of managing underinsurance risk and valuations
  • Outline the professional indemnity risks to brokers
  • Discuss ways of supporting customers in difficult economic times