If you work in insurance broking, bringing in revenues is key to your success. In an in environment where brokers are being poached (sometimes in teams), working in a top-performing firm could be integral to career success.
Helpfully, research firm IMAS has provided us with its research into the top ten brokers in terms of income per employee, outlined in the charts below. With £361.4k per employee, BPL Global still leads the pack by a healthy margin – Towers Watson Reinsurance (TW Re) comes in second with £228.9k per head.
However, it’s also worth looking at which employees are increasing their income (as illustrated in the second chart) and in this case London brokers dominate. Aside from Swinton, the top five all operate in the London market, which shows that the recent increase in competition for talent is justified.
As we’ve mentioned previously, competition is heating up key brokers in the London market, largely due to an acute skills shortage in this sector and a desire among those firms recruiting to only hire the best.
If you are looking for work, though, the likes of Miller, THB, NMB and RK Harrison don’t appear to be indulging in much hiring currently. A better bet would be the larger brokers – Aon, JLT, Willis and Marsh – which are all still hiring.
[caption id="attachment_120474" align="alignleft" width="500"] Source: IMAS-Insight