Asia: The broker's perpetual challenge to find its USP
Source: Asia Insurance Review | Feb 2016
The insurance industry continues to face disruption on all fronts, and perhaps none as much as the broking sector.
Technology has greatly enabled today’s customers with information transparency and more direct accessibility to insurers themselves, and the implications of this on brokers as a distribution channel are potentially huge. Where does disruption leave the broking sector?
The 4th Asia Insurance Brokers’ Summit, to be held on 2-3 March in Bali, aims to address the unique value-add that brokers bring to the business as well as the greater expectations they face in a world of changing risk exposures. Speakers from a cross-section of the sector – including associations, regional players, networks and independent brokers – will seek to touch on issues faced by the industry at all levels, be they local, regional or global.
There will also be sessions on working with corporate risk managers; working with insurance carriers and the need for greater expertise to be injected into the market; a code of conduct for brokers and coping with M&A; and technology and changing regulatory trends in the world.
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