Society of Insurance Broking to focus on attracting talent

Insurance-Broking-to-focus-on-attracting-talent-to-the-insurance-industry

The Society of Insurance Broking has revealed plans to focus on talent attraction to the profession and educational engagement in the year ahead.

This month (September 2021) sees the Society of Insurance Broking (SIB) marking its third birthday.

Launched in September 2018, the society is designed to support broking professionals by providing essential good practice guidance, thought leadership, and a dedicated programme of continued professional development.

In the year ahead the professional body will work with key stakeholders in further and higher education to ensure that insurance broking is an attractive career path, with multiple entry routes, including graduate roles, trainee positions, apprenticeships, etc.

The society will also continue to look at the crucial issue of trust and reputation in the broking sector, and how individual actions can improve public trust in insurance.

In the last 12 months the society has focussed on skills for the hard market, particularly recognising there is a generation of young brokers who have never faced such challenging market conditions.

Webinars plus guidance was produced on an array of topics, including how to handle difficult renewal conversations.

Members of the SIB Board also led panel discussions on these topics at the CII’s Professional Focus conference in April and BIBA 2021 conference in May.

Matt Hall, strategy and operations manager of the Society of Insurance Broking, said: “2021 has clearly been a difficult year for many insurance brokers, with a number of challenges buffeting the sector. It’s been great to see the resilience and initiative of our members as they equip themselves with the knowledge and skills to succeed in such a difficult environment.

“I’ve been particularly inspired by the willingness of peers and colleagues to support each other with their learning and development, and I have no doubt this collaborative professionalism will be of great benefit in the year ahead.

“As a community of professionals, the SIB will continue to provide its members with high quality insight, learning and content throughout 2022.”

Kevin Hancock, Chair of the Society of Insurance Broking, said: “I’m really pleased with how members have engaged with the SIB over the last 12 months. The breadth and quality of the content made available to our members continues to increase, helping brokers to improve their skills leading to better advice and improved customer outcomes.

“Over the next 12 months, I hope that this trend continues its trajectory and look forward to growing our library of reference material for insurance broker members.

“I am particularly keen to lead the agenda and conversations in respect of new entrants into the profession including the increasing availability and awareness of the apprenticeship route alongside more graduate courses and opportunities.”

Authored by The Chartered Insurance Institute

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About CII

The Chartered Insurance Institute (CII), the leading professional body for the global financial services profession, exists to promote higher standards of integrity, technical competence and business capability.

With over 115,000 members in more than 150 countries, the CII is the world's largest professional body dedicated to insurance and financial services.

Our membership covers all disciplines within the insurance industry (claims, broking, underwriting), those working in the life and pensions sector, the mortgage advice market and financial advisers (under the Personal Finance Society brand).

Our Royal Charter requires us "to secure and justify the confidence of the public" in our members and in the insurance and financial services sector.

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