A survey of brokers’ opinions has shown that regulation is their biggest operational concern in 2024 with finding appropriate markets and attracting talent also registering as significant problems. The poll was conducted by Rebuildcostassessment.com at the recent Bravo National Conference in Birmingham.

Regulation was cited by 21% as their biggest concern with 16% naming finding markets and 13% highlighting problems with attracting talent. Other issues highlighted by brokers were achieving growth (10%), rate increases (8%), underinsurance (8%) and avoiding errors and omissions (6%).

Donna Walker, chief risk officer at CADIS, said: “We’ve literally been living in regulation overload for the past 5 years. There are so many things that have to be done and the cost that creates for each individual broker is phenomenal. It’s a real challenge to keep up to speed with it all.”