In this episode of My Risk Adviser, Phil Thompson and Trent Bacon dig into what is actually happening in the insurance advice market, and why risk advice is becoming more specialised than ever.
With fewer advisers writing the majority of new insurance business, increasing product complexity, tougher underwriting, and rising premiums, the traditional approaches to risk advice are being challenged. Phil and Trent explore the different models advisers are using today, from specialist risk firms to holistic practices, and the trade-offs that come with each.
If you are wondering where insurance advice is heading, who is really writing the business, and how advisers can adapt without increasing risk or compliance exposure, this episode will get you thinking.
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The advice shared on My Risk Adviser is general in nature and does not consider your individual circumstances. My Risk Adviser exists purely for educational purposes and should not be relied upon to make a financial decision.
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