According to Insurance Business UK’s 2023 survey, 79% of the brokerages had fewer than 10 new brokers join their business.
For Nick Hoadley, CEO at Insurance Search, the ability to bring in high-quality employees to an organisation and retain them is fundamental for a ‘5-Star Brokerage’.
“Employment stability helps to attract more talent to the organisation, and that helps for growth. It’s also a sign that there’s a good culture and working environment. If the staff are happy, that generally means the clients are happy”, explains Hoadley.
“So that’s key and really pivotal to all insurance brokerages,” he adds. “Once they get that right, it then becomes a lot easier to attract other high-performing talent to the organisation and create a culture of high performance and grow in a high-performing way.”
The 5-Star Brokerages survey is still open to entries. This award will feature the best brokerages that are outperforming others in areas such as year-over-year growth, client retention, and new business.
Complete the form before it closes next Friday, 21 June.
The 5-Star Brokerages will be featured in September on Insurance Business UK.
