It seems like only yesterday when the Chartered Insurance Institute (CII) introduced its first dedicated society – the Society of Insurance Broking (SIB) – but SIB is actually turning one tomorrow (September 10), and it has outlined what members can expect in the next 12-month period.
“The first year has been a year of providing material and content to our membership, with the SIB giving our part of the profession a higher profile in the wider insurance community,” noted SIB chair Kevin Hancock. “We will continue to encourage our members to improve their knowledge and skills to lead to better customer outcomes and greater public trust in the broking profession.”
Designed to support broking professionals by providing essential good practice guidance, thought leadership, and a dedicated programme of continued professional development, the society has so far offered resources on areas such as the Insurance Distribution Directive, forensic marking systems, construction materials, and the treatment of vulnerable customers.
Worldwide, nearly 15,000 members benefit from the materials.
CII strategy and operations manager Matt Hall said more guidance will come from SIB in the next 12 months with the goal of affording members a strong understanding of what is required of insurance brokers in today’s market.
“As we approach its first birthday, I feel very optimistic about the future for the Society of Insurance Broking,” commented Hall. “The good practice guidance we have issued has helped members to enhance their technical abilities and improve their professional behaviour.”
Plans for the second year also include offering more content through Brisk, the society’s e-magazine.