Hi All,
Today’s insight is in respect of the FCA revealing on how big an impact the COVID-19 pandemic has had on Insurance Brokers and Intermediaries.
The liquidity for intermediaries and Brokers back in February 2020 was 16b and furthermore in May/June 2020 it was 11b. This is as a result of the Covid-19 crises (info provided by the FCA). This has also had a significant impact on the downturn on solvency and to report further in October 2020, 4000 financial firms had sadly reported low financial results. The link below explains:
https://lnkd.in/g__mREe
ARGenesis understands and appreciates that this is having an impact on everyone’s business and are here to support you through these difficult times. Taking a positive stance, could this be the exact time that you need to revisit your data strategy road map. Help to strengthen and make your business more robust during these challenging times. If so, please do not hesitate to get in touch.
Best regards
ARGenesis Management Consultancy Team