It’s LIIBA’s (London & International Insurance Brokers’ Association) turn to outline its agenda for 2019.
Last week we told you about the International Underwriting Association’s (IUA) business plan for the year, with the trade body saying the Brexit fall-out won’t be the only topic keeping it busy. Now LIIBA, under the leadership of chief executive Christopher Croft, is going for a balanced approach as well.
“We want to introduce an element of longer-term ambition to our priorities,” said Croft.
“The agenda combines three previously-stated priorities – Brexit, PPL (Placing Platform Limited), and the FCA’s (Financial Conduct Authority) review of the wholesale market, but also looks beyond these so as not to lose sight of the future. We believe that this agenda achieves that balance.”
The CEO noted that, as part of the trade body’s further planning, they will be exploring opportunities for new business in north and south America. Croft also pointed to reaping the benefits of their PPL investment, with the goal of developing what he called a “truly digitised” market.
According to LIIBA, its members are engaged in the placement of $67 billion of premiums in the London Market and a further $24 billion across the world.
