LIIBA has today launched a landmark Report – The Innovation Imperative: Why Brokers Matter More Than Ever – at the CIAB Insurance Leadership Forum in Colorado Springs.
Available now on Insurindex, the Report provides the clearest evidence yet of the pivotal role specialty brokers play in driving innovation, growth, and resilience across the global insurance industry.
At a time when the global protection gap is widening, the Report warns that insurance is not innovating fast enough to keep pace with today’s risk environment. It argues that specialty broking acts as “The Innovation Engine” of the sector—but that its potential is being throttled by structural, regulatory, and perception-based obstacles.
Christopher Croft, CEO of LIIBA, said:
“This Report sets out the full spectrum of services brokers deliver, and how they foster innovation and growth. It shows that specialty brokers are pivotal to the global economy. But it also challenges us: greater collaboration between industry, government, and regulators is essential if we are to deliver solutions for the risks of the future. This is a manifesto for change.”
The research and analysis—conducted by Gracechurch and Trimstone Partners—drew on global interviews, original survey data, and a wide range of published sources. An expert group provided independent challenge and guidance to ensure a robust outcome.
The result is a compelling call-to-action: to unleash the full innovative power of specialty broking, the industry must work together to modernise, build trust, and accelerate solutions that close the protection gap.