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International

Brexit-induced business losses, shortage of skills weigh on U.K. brokerages

November 17, 2017 Reprints

U.K.-based insurance brokers are expected to face several challenges in 2018, such as a potential loss of business due to Brexit, shortage of skills and demand to specialize, among others, The Telegraph reported. Meanwhile, U.K.-based Chartered Insurance Institute said that 40% of account executives at insurance brokers think that their jobs are at risk from artificial intelligence and technological developments. John Moore, president of the institute, said that technology could displace employment across the market leading to a gap in technical and commercial skills.

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Brexit-induced business losses, shortage of skills weigh on U.K. brokerages

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