PIB Group: Best Specialist Insurance Broker UK 2021
Since its launch in 2015, PIB Group has achieved an annual growth rate of at least 50 percent, including an increase between 10 and 12 percent of organic growth. It has acquired around 50 insurance distribution businesses and is conducting due diligence to onboard several more. PIB is only interested in opportunities where it can take a full stake in the company, insisting that vendors roll a portion of profits back into the business, pushing them to think more as investors rather than managers. The group has more than 2,000 employees, £179m in revenue and £1.1bn in gross written premium. PIB Group works primarily with clients across the UK, while increasingly leveraging its expertise, reach and stability to cover the risk and insurance needs of international clientele. The group focuses on advising clients rather than selling products, relying on in-depth analysis to identify risks to clients and their employees. It develops relevant employee benefits programmes that help employers maximise retention, thereby reducing costs in retraining and recruitment — which is particularly advantageous in the current job-seekers market. PIB credits its organic growth and high customer loyalty in part to the high retention of its workforce. The group invests significant resources in the development of its people, with established programmes for apprenticeships, ongoing technical training and sponsorship of MBA degrees for senior staff. The CFI.co judging panel announces PIB Group as the 2021 award winner for Best Specialist Insurance Broker (UK).
