Justin Gott, managing director, Hoxton Insurance Services
A digital-focused, broker-only MGA can meet the challenges and opportunities of a radically altered business environment: Gott.
In a 17-year career with Hiscox, Justin Gott ended up managing its personal lines insurance across its mid- and high-net-worth customer base. According to him, the industry faces significant challenges.
“It’s facing challenges in terms of the relatively low margins the business makes and in terms of commoditisation of the products that it sells—challenges in what seems to be a constant race to the bottom in the pricing war,” he told Intelligent Insurer’s digital hub, the Re/insurance Lounge.
In most cases, however, there’s yet to be a real response, he argued.
Hiscox, Hoxton Insurance Services, NuVenture, MGA, Personal Lines, Insurance, Reinsurance, Justin Gott, Andy Colbran, UK