Analysis

Will appetite for UK broker schemes dwindle amid ‘stark drop’ in possible commission earnings?

By 2022-11-03T10:56:00

commission, profitability drop

One line of business presents a silver lining, however, reporting a 10% growth in brokers’ commission earnings as a percentage of premium between April and October 2022

Between April and October 2022, brokers have experienced “a stark drop” in both their commission earnings as a percentage of premium and renewal volumes for broker schemes business across a broad range of classes, according to the Insurance Times Schemes Index.

Produced in association with software firm SchemeServe, the twice-yearly Schemes Index provides a snapshot of the most profitable schemes businesses for brokers.

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