Networking News - September by brokernetworkuk

SEPTEMBER 2019

NETWORKING NEWS

Read the latest from: Arch Ageas RSA Zurich Ecclesiastical CovÃ©a Insurance Hiscox Geo Specialty

THE Clock IS TICKING:

GET READY FOR SM&CR As a Broker Network Member, you can tap into a wide range of training materials and guides to ensure you are ready come December.

FRESH FACE OF WEBINAR WEDNESDAYS | ALL YOU NEED TO KNOW ABOUT GENERAL INSURANCE DISTRIBUTION CHAIN | GOT AN APPETITE FOR MID NET WORTH BUSINESS? | AND MORE...

ARE YOU READY FOR SM&CR? The clock is ticking. By Monday 9th December 2019, your business needs to be compliant with the new Senior Managers & Certification Regime regulation. Other organisations are charging up to ÂŁ195 per person for three hoursâ&#x20AC;&#x2122; training, but as a Broker Network Member you can learn more and it's absolutely free.

Video

In addition, should you wish you can access a new HR system, benefiting from a discount, thanks to your Broker Network membership.

We strongly urge you to attend one of our Regional Meetings, listen to the SM&CR session, and take home your free companion pack. Register today: email Alison.fordham@bravo-group.co.uk to reserve your place.

NEWS CON TENTS

NETWORKING

WELCOME...

As we move into Q4, spirits are high at Broker Network. BNU are up 47% on new business compared to 2018; our Learning Network team have a well-deserved award on their shelf; and we’re excited to get going with our Regional Meetings. There’s still time to register your place at one of these events, and I’d strongly urge you to book a spot.

to you. In return for your participation in the steering group, you will receive online subscription to the Insurance Times, worth £579, completely free. Click here to read more.

Aside from gaining an update from the Network and what we have planned with our Insurer Partners, this is a perfect opportunity to get up to speed on the impending SM&CR regulatory changes.

Richard Pitt Chief Network Officer

Enjoy the read, and I hope to see you in the next few weeks as we make our way around the country. Yours,

Donna Walker, Head of Member Risk & Compliance, will present an invaluable session on SM&CR that I would advise you attend along with any members of your team who are not yet fully proficient. Our Member Service teams have also worked together to create a whole suite of documents, training opportunities and even a new HR system to make sure you’re well prepared. We will distribute a companion pack at the Regional Meetings that outlines what’s on offer. The Regional Meetings will offer the chance to shape your Network; while our partnership with Insurance Times provides the opportunity to steer the direction of the industry. The invite only group gathers opinions from a cross section of UK brokers, to identify the issues that really matter

4 5 6 7

INSURER NEWS

Read the latest news and updates from our Partner Insurers.

AHEAD OF THE CURVE

Discover what Arch’s expansion into the UK market means for you as a Broker Network Member.

THE FRESH FACE OF WEBINAR WEDNESDAYS

We've given our webinars a bit of a make-over. Find out all about the new and improved sessions.

AFFILIATE OF THE MONTH

Have you heard about pay as you go risk management? Learn all about what it is and how it can help you.

NETWORKING NEWS | VISIT HUB.BROKERNETWORK.CO.UK

NETWORKING NEWS

Home

News

Sport

Weather

Entertainment

INSURER NEWS Home

World

Science

Entertainment

MAIN STORY: Make the change to Ageas Excellerate The team at Ageas are simplifying their private motor offering and are closing their legacy private motor range to new business – don’t forget to make the switch before October! Click here to read more.

State your claim

Get up to speed on the new contact details and changes to RSA’s claims proposition. Click here to read more

Levelling the playing field

Do you know the difference between 3G and 4G? Not phone signals, but sports pitches. The Geo Speciality team explain everything you need to know.

Will ‘while you’re out’ deliveries affect home insurance?

25% discount to EduCare’s training

Click here to read more

The 101 on e-Trade Commercial Combined

Hiscox: more than PI and High Net Worth

The team at Zurich look at the risks of these types of deliveries for your customers.

Have you heard about Covéa Insurance’s e-Trade Commercial Combined? Click here to read more

Click here to read more

NETWORKING NEWS

NETWORKING NEWS | VISIT HUB.BROKERNETWORK.CO.UK

Your clients can benefit from a 25% discount on an annual licence to their Ecclesiastical policies.

You may think Hiscox is a specialist market for PI and High Net Worth; discover how broad its appetite really is. Click here to read more

AHEAD OF THE CURVE Steve Bashford and Mike Bottle explain what Arch’s expansion into the UK market means for you as a Broker Network Member. Arch is expanding, having recently completed several high-profile acquisitions to enhance its regional presence, while underpinning this with extensive London market expertise to position it as the number one choice for insurance brokers.

The next six months will be exciting for Network Members with Arch, which also recently acquired Obelisk Underwriting, as Mike Bottle, Senior Vice President of Arch International, emphasises: “For us at Arch, this is about continuing to integrate our regional office strategy, which will include bringing in the Axiom Underwriting and Obelisk Underwriting offices into the regional strategy. We'll also be looking at deploying some of our London market expertise in the form of new products and initiatives for Broker Network Members.” To find out more about how Arch can work for you, speak to your BDM.

Video

Steve Bashford, Chief Underwriting Officer for financial lines at Arch and CEO of the UK regional division, explains: “Arch’s move to the regions followed hard on the heels of the Axiom acquisition, so when the opportunity came up to buy the Arista, Fusion and TCU online brands, it was very attractive because it immediately gave us access to 13 new regional offices and 230 insurance professionals with proven track records of dealing with brokers and delivering positive insurance solutions.”

NETWORKING NEWS | VISIT HUB.BROKERNETWORK.CO.UK

NETWORKING NEWS

WINNERS 2019

THE FRESH FACE OF

Whether you’re looking to tap into industry knowledge, hear from thought leaders or get the low down on the latest regulations, we have a webinar for you. Since we launched our popular Webinar Wednesdays in 2016, we’ve delivered over 75 different topics to you. We’ve listened to your feedback; to deliver content that centres around you, the learner, and as a direct result, Webinar Wednesdays now have three themes – In Discussion, Think Big and Regulatory Essentials. The new and improved sessions will be interactive, so you can really immerse yourself in them.

WEBINAR WEDNESDAYS

IN DISCUSSION

THINK BIG

REGULATORY ESSENTIALS

Meet industry experts and tap into their knowledge in our In Discussion sessions. We’ll talk directly to everyone, from underwriters to marketing professionals and IT specialists, to give you a greater understanding of technical subjects that are important to your business.

We’re working with a number of charities, insurers and thought leaders to navigate the challenges we face as part of modern day working culture. Think Big webinars are aimed at all members of your team and are jam packed with hints and tips to help you to support those around you.

We understand that an essential component of your day-to-day life is to reduce risks. That's why we’ve developed our compliance webinars, as well as introducing a suite of HR sessions, to provide you with the Regulatory Essentials you need in the broking world.

Our Top Picks

In discussion with a Hiscox Tech insurance underwriter

Vulnerable Customers – >> identifying & supporting them

Compliant sales

Keeping your business safe online

Making your workplace Dementia friendly

Understanding the learning >> needs of your business

Click here to discover more on the Hub >>

NETWORKING NEWS

NETWORKING NEWS | VISIT HUB.BROKERNETWORK.CO.UK

Chain reaction The FCA has warned General Insurance (GI) firms about manufacturing, sales and distribution approaches that can lead to customers purchasing inappropriate products, paying excessive prices or receiving poor service, following its Thematic Review 19/2 – General Insurance Distribution Chain in April. The FCA has highlighted that everything that goes into General Insurance Distribution has a cause and effect, and our Risk & Compliance team look at everything you need to know about this including: Examples of where customers could be harmed and the causes behind them What you need to do to stay compliant What the FCA’s next steps are. Click here to read more Did you know our Compliance Team have revised and refreshed the following to take into account the latest regulatory requirements: Sales & Administration Risk Analysis

Complaints Assessment

•

Financial Crime Assessment

•

Data Protection & Information Governance Assessment

•

New Business File Audit

•

Suitability of Advice – File Audit Service

•

Broker Networks Policy on Appointed Representatives

•

Appointed Representatives Business Case Request

•

Renewal File Audit

Check them out on the Hub here

•

Privacy Notice

•

Sales Observation

•

AFFILIATE OF THE MONTH Pay as you go: risk management for everyone From phones to gym membership, these days you can pay as you go for a range of different services. But did you know you can also pay as you go for risk management? Don Oakley, Commercial Director, at Broker Network Affiliate AGB, explains how all brokers, no matter the size, can use the team’s service as and when you need it.