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Local focus, big gains: Brokers rethink strategy to stay ahead

  • Researching local markets to understand key industries and risks
  • Building expertise in dominant regional sectors
  • Partnering with underwriters who specialise in local risks
  • Customising portfolios to reflect regional exposure
  • Adapting communication styles to suit local business culture
  • Using regional data and loss patterns to guide decisions
  • Offering products aligned with local regulations and threats
  • Fostering long-term community relationships
  • Providing education on region-specific risk management
  • Staying responsive to local market and regulatory changes
  • Ensuring locally accessible claims support
  • Respecting cultural and language preferences where applicable

Adapting commercial strategies

Beyond regional knowledge, Corner emphasised that brokers must also rethink their commercial models to remain agile in a competitive landscape. “The commercial landscape is shifting rapidly, with changing client behaviours and increasing competition… brokers need to be reassessing pricing models, improving operational efficiency, and exploring new distribution channels to stay ahead,” he said.

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Cheap car insurance in the UK: What are your options?

6. Take the time to shop 

As you may have noticed from the average premiums of different auto insurers, there can be a wide disparity in premium pricing. Do not rush to procure car insurance – like buying your motor, this is a considered purchase. Make an informed choice by checking the offerings of several insurers, comparing their prices, discounts, features, and reviews, then choose the one that best fits your needs and budget.  

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Group chief broking officer sheds light on insurance as a force for social good

Having done his due diligence on the campaign, it wasn’t a personal connection to the disease that convinced him but rather some of the statistics around dementia. “Sadly, so many families are affected by dementia in one form or another,” he said. “What stood out to me, was that it’s probably the number one killer in the Western world, certainly in the UK where almost a million people are living with dementia right now.

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Media liability in 2025: A broker’s quick guide

Defamation: Key risks brokers should watch for

Content featuring real names, likenesses, or personal opinions can create legal exposure. Brokers play a critical role in risk assessment. According to Wood: “When brokers are evaluating and mitigating potential liability risks related to the use of real names, likenesses, or personal opinions in content, they should thoroughly assess several factors. First and foremost, the content itself must be scrutinised to determine if there is a potential for defamatory issues to arise.”

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From risk insight to cyber defence: brokers tap AI to win in 2025

From intuition to data-driven brokering

Brokers are under pressure to deliver faster, tailored solutions, and AI could assist underwriting. Simon Hughes, SVP, global distribution & general manager UK at Cowbell, explained: “So the key thing is being able to use the data and make it intelligible. We gather about 1,000 different data points in every single business that we underwrite… AI tools allow us to get that data, put the answer in a tangible format, and use it to the benefit of our underwriting capability.”

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Seven ways businesses can manage AI risks

Undoubtedly, GenAI can give a competitive edge, by speeding up operations for instance. But this fast-evolving technology poses new risks to data privacy, intellectual property or sound decision making. While businesses are increasingly looking to engage with the new opportunities that AI offers, many are simultaneously grappling to understand and manage the full risk landscape that it operates within.

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AA weighs options as valuation tops £4 billion

The process follows a period of improved financial and operational performance at the AA, which serves more than 16 million customers, including 3.3 million individual members. Alongside roadside assistance, the AA operates in other sectors such as vehicle and home insurance, and driving instruction services through AA Driving School and BSM.

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How brokers can lead in a shifting mid-market

According to Stait, long-term value should drive the entire relationship – not just the renewal. “Value is added throughout the life cycle of the project, throughout the year, so claims, reviews, client meetings, all of that stuff, that’s absolutely key. And really the renewal should kind of follow that, rather than being the thing that drives the activity.”

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