Will appetite for UK broker schemes dwindle amid ‘stark drop’ in possible commission earnings?

commission, profitability drop

One line of business presents a silver lining, however, reporting a 10% growth in brokers’ commission earnings as a percentage of premium between April and October 2022

Between April and October 2022, brokers have experienced “a stark drop” in both their commission earnings as a percentage of premium and renewal volumes for broker schemes business across a broad range of classes, according to the Insurance Times Schemes Index .

Produced in association with software firm SchemeServe, the twice-yearly Schemes Index provides a snapshot of the most profitable schemes businesses for brokers.

Explore more news analysis here

You need to register to continue reading the rest of this article and more for free.
(If you’re already registered, please sign in here .)

Register now

We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.

Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:

  • Full access to the Broker Hub , a new independent reference hub for brokers looking for information on key Five Star Insurance Times rated insurers.
  • Top level access to our Five Star service ratings across our annual Personal Lines, Commercial Lines, eTrading and MGA reports.
  • A choice of daily and weekly email newsletters that suit you, to keep informed of news across the industry directly to your inbox.

As a subscriber you will benefit from unlimited access to our news and news analysis, magazine editions, special supplements, exclusive research reports and full access to the Five Star service rating microsites - view subscription options .