How changing Employment Trends are affecting the Insurance market
>> Event Overview
During the last 20 years there have never been more changes in employment trends in the UK – in many cases the insurance industry has been slow to change.
Small business numbers have increased by 2.2 million since 2000! Many people are now working from home, many more people are now giving advice, many immigrant groups have arrived to provide valuable skills – the demand for commercial insurance products has changed dramatically but in many cases the policies and sales processes offered are still stuck in the last century!
The insurance industry has often been slow to respond to changes in demand and this presentation looks at how employment practices have changed and will continue to change dramatically, and how brokers could increase remuneration if they start amending their processes to make them line up more accurately with the needs of the changing employment sector.
The FCA estimate that 40% of SMEs are under insured and at the end of 2016 86.3% did not have any cyber cover at all.
There will be stacks of interesting facts and figures in this presentation that will get intermediaries and insurers thinking about whether they are making the most of the business opportunities brought about by changing employment trends within the UK.
>> Learning Objectives
By attending this event participants will be able to:
- Understand how employment trends in the UK are dramatically changing.
- Understand how these changes are altering the demand for insurance.
- Discover why the insurance industry has in many cases been slow to respond to these changes.
- Understand how business can be increased by responding more quickly to the changing UK employment trends.
>> More about our speaker
Alan has undertaken operational management roles in three major global companies. NatWest Insurance Services, RBS Insurance Group and Allianz Insurance. He has run underwriting, broking and claims functions. Ten years ago he set up his own training company, something that he had always longed to do as he is passionate about training. Since then he has trained well over a thousand people to become ACII qualified including six individuals who have achieved the best ACII completion in the whole of the United Kingdom.
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
1 hour's CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.