From speaking to our brokers and agents, we know a merger or acquisition sits high on their board agenda, yet many are concerned about the challenges of making it a success.
There are three main concerns we hear regularly: how to get to grips quickly with the new business so that informed decisions can be made; how to deliver increased revenue and profit from the combined business; and how to lay firm foundations for future business growth. While none of these are straightforward to overcome, technology has a crucial role in helping address all.
Technology isn’t the answer to everything, but if planned carefully and used properly, it can make the difference between failure and success.
In this whitepaper we describe the main challenges insurance brokerages are likely to face when integrating a merger or acquisition and outline how technology can help.
Topics covered include:
• Acquisitions of UK-based insurance brokers since 2016.
• Highlights of recent acquisitions.
• Reasons brokers choose to merge or acquire.
• Reasons for M&A failure.
• Tech landscape for the modern brokerage.
• Key technology considerations.
• Leadership action plan.