Experts say ‘something has to break’ before banks slow IT-driven cost-cutting measures

Two separate announcements have highlighted the aggressive cost-cutting measures banks are putting in place as digital technologies replace thousands of people from the back-office of their organisations. Bloomberg Intelligence’s recent report predicts 200,000 middle and back-office jobs will be lost to artificial intelligence (AI), while Lloyds Bank’s branch announcement means more closures – and job … Read more

Commercial Express adds Irwell to panel of insurers

Managing general agent Commercial Express has partnered with Irwell Insurance which has joined its panel of insurers. The collaboration, live from this month onwards, will initially provide an alternative option for some of Commercial Express’ liability schemes. Established in 1994, Irwell has an AM Best Financial Strength Rating of B++ (Good) and recently had a … Read more