A recent survey conducted by GlobalData highlights a notable trend among UK commercial insurance brokers: a growing partnership with insurtech companies. As insurance technology evolves, brokers are increasingly recognizing its potential to improve product offerings and services.
According to GlobalData’s 2025 UK Commercial Insurance Broker Survey, brokers are seeking more technological integration in their operations. This push aligns with the changing landscape of the insurance industry, where digital solutions can enhance efficiency and customer satisfaction.
The survey indicates that brokers are not just dabbling in insurtech; they are actively pursuing collaborations to better meet the needs of their clients. This trend suggests brokers are not only enhancing their service delivery but are also keen on adapting to a market that demands faster and more flexible insurance solutions.
This shift towards insurtech partnerships primarily impacts brokers and their clients. Brokers stand to gain from improved tools and innovative products that could streamline processes and offer more personalized solutions. Clients, on the other hand, might benefit from enhanced service provision and a broader range of insurance products tailored to their needs.
As the insurance market becomes increasingly competitive, the integration of technology through strategic partnerships is likely to play a crucial role. This connection between brokers and insurtechs could lead to substantial changes in how insurance products are crafted and delivered, focusing on efficiency and customer experience.
In summary, the findings from GlobalData represent a significant shift in the commercial insurance sector, where technological advancement and collaboration are becoming essential for success.
Original Source: https://www.lifeinsuranceinternational.com/analyst-comment/brokers-technology-partner-insurtechs/