Society of Insurance Broking launched

As part of its strategic manifesto commitment to become a more relevant and diverse professional body the Chartered Insurance Institute today launches the first of its dedicated insurance Societies, the Society of Insurance Broking.

In transitioning its faculty of insurance brokers into a Society, the objective is to create a dedicated professional body for those working in the insurance broking sector, offering an enhanced member experience to better engage with those in the sector.

The Society Board, which will provide strategic direction, is comprised of broker practitioners and CII executives. The non-executive Managing Director is announced as Liz Foster of Ingram, Hawkins & Nock, with Kevin Hancock of Yutree Insurance appointed as Chair. Other Board members are:

• Paul Anscombe, Seventeen Group
• Peter Blanc, Aston Lark
• Mark Crawford, Aon
• Simon Keenan, Griffiths and Armour
• Stephen Lark, Aston Lark
• David McCallum, Brokerbility
• Barry O’Neill, Home and Legacy Insurance Services
• Steve White, British Insurance Brokers’ Association
• James York, Worry+Peace

The core objectives of the Society of Insurance Broking, aligned to the CII’s Royal Charter commitment of engendering consumer confidence and trust, will be to raise professional standards through a focus on professional ethics and culture, good practice guidance, thought leadership and a dedicated programme of continuing professional development.

Keith Richards, Managing Director of Engagement for the CII, commented:

“This is a significant new development for the CII and recognises that, whilst we are all part of a united insurance profession, individual segments within our membership have specific needs from a professional standards perspective. Our sector level regulatory engagement has already developed with the FCA committed to working with our Society Board to offer insights and guidance for the market.”

Liz Foster, non-executive managing director for the Society, added:

“I am a passionate advocate for professional insurance brokers and I am delighted to be appointed the Society of Insurance Broking’s first non-executive managing director. This is an exciting development in the evolution of the insurance broking sector and gives us the opportunity to address key issues to help ensure improved consumer outcomes and trust by demonstrating the value of the service we provide.”

Mark Hutchinson, Societies and Member Marketing Director for CII, concluded:

“There are many people that work in insurance broking that don’t currently see the relevance of CII qualifications and membership to their role; by launching this dedicated Society we want to reach out to them and show them the value and relevance of engaging with the dedicated professional body for their sector.”

Societies dedicated to other sectors of the insurance profession will also be launched over the coming months, including claims and underwriting, complimenting the existing Personal Finance Society and Society of Mortgage Professionals CII sub-brands.

Press Contact

Vanessa Chance, Director, Redleaf Communications, Tel. 020 3757 6874, E.vc@redleafpr.com

Notes to Editors

The Society of Insurance Broking (SIB) is a professional body dedicated to those working in the insurance broking sector. The core objective of the Society, aligned to the Royal Charter mission of its parent, the Chartered Insurance Institute, is to engender consumer confidence and trust in the profession. It does this through a focus on raising professional standards and by supporting its members with a code of professional ethics, good practice guidance, thought leadership and a programme of topical and dedicated continuing professional development.

For more information visit www.sib.org.uk

Follow SIB on Twitter @brokingsociety