Broker networks have long been a feature of the UK commercial broking landscape. However, as SME business moves further towards commoditisation, do insurers think there is still a role for broker networks - and how can they justify their place in the value chain?
To answer these questions and assess the future of broker networks, Deloitte surveyed a sample of insurers and managing general agents operating in the UK general insurance market. The survey covered their views on the role of networks, what they are looking for in a network partner and the future of the market.
This two page article sheds light on Deloitte's survey which aimed to find out how insurers and MGAs view broker networks.