The global insurance market is filled with challenges. The evolving roles of brokers and intermediaries, the gauntlets thrown down by new entrants, changing models of distribution, pricing and underwriting: they all contribute to an atmosphere of intense competition and elusive opportunities.
From listening to customers at every level of broking, SSP has identified the key challenges currently affecting the market. Roles across the industry are shifting. The traditional boundaries are being redrawn as online comparison sites and aggregators become increasingly powerful, while brokers need to act more creatively to capitalise on niche opportunities.
Beyond this, a larger number of businesses are competing for fewer opportunities with tighter margins. Fraud is on the rise. Inflation on insurance claims is at an all-time high. Reducing the amount of time spent on technology allows brokers to focus on these challenges.
Regardless of where you are on your journey, or the size of your business, SSP has a solution to help you achieve your objectives.