Broking

Insurance brokers must respond to the challenges presented by increasing regulatory and compliance requirements, while maintaining service levels and profitability in the face of continuing industry consolidation. Controlling costs is imperative, and cost reduction is not easy. The best approaches focus on improving efficiency, enabling more to be done with the same, or fewer, resources.

Imagine a scenario in which an acquisitive broking group can, quickly and confidently, introduce efficiency and reliability into the processes of a newly acquired firm; immediately reducing its operating costs, and at the same time enabling that broker to participate in the shared services and infrastructure. Where the acquired broker's processes have been uniquely customised to provide particular services, these are accommodated and the broker's local systems continue to be used where necessary.

There is a solution that can deliver dramatic improvements in speed, efficiency and reliability. Implementation is incremental, leveraging existing assets where they remain valuable and exploiting the economies of the share services model only where appropriate. Importantly, the business continues, unconcerned by the changes in the underlying platforms and infrastructure. Of course, this scenario need not only be applied to new acquisitions. Even firms that have long been part of the group can be reviewed and their optimum delivery model established.

BTP can make this scenario a reality without the need for a high-risk, high-cost strategy. Improving operational performance is our core business, enabling more to be achieved with the same resources, while improving service standards. We have the experience and expertise to define and implement the improvements needed and have built our capability around the best tools available in the world, allowing us to be confident we will deliver.

The case studies, solution sheets and product information accessible from this page and elsewhere on our web site provide further insight into what we do and how we do it. Alternatively, please contact us by telephone or e-mail.