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TheCountOfNowhere

Swinton Insurance to axe 900 UK jobs as 84 branches under review

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Automation bites. We will see this increasingly within the SME commercial sector also shortly, the next year or so will continue this trend

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1 hour ago, Pooch said:

How many people still visit branches in person? Even folk who don't do things online can still phone them.

I'm a nosey bugger and the window of the one I peer into (Mercian capital) looks as though the people in it are dual roled as both customer facing representatives and contact centre operatives. Hardly ever see any actual customers in there.

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Yeah insurance is going to get eaten alive over the next two years. I have had a lot of calls from insurance companies wanting to turn their business on its head before Some startup does it for them.

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3 hours ago, Pooch said:

How many people still visit branches in person? Even folk who don't do things online can still phone them.

I've never understood how these old branch network insurers ever survived post Gocompare.

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11 hours ago, StAlex said:

Automation bites. We will see this increasingly within the SME commercial sector also shortly, the next year or so will continue this trend

Oh yes.  No more manual quotes.  Fill in an online form, your quote is calculated.  How would you like to pay? No need for a £25,000 a year bloke to drive an hour to a phone to then check the same database as a script/program can do 24/7.  Insurance jobs, estate agent jobs, tour operators, bank clerks, accountants, all jobs outside of ultra-specialism - all are in the firing line of automation. 

Edited by canbuywontbuy

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42 minutes ago, canbuywontbuy said:

Oh yes.  No more manual quotes.  Fill in an online form, your quote is calculated.  How would you like to pay? No need for a £25,000 a year bloke to drive an hour to a phone to then check the same database as a script/program can do 24/7.  Insurance jobs, estate agent jobs, tour operators, bank clerks, accountants, all jobs outside of ultra-specialism - all are in the firing line of automation. 

Ive banged on here a couple of time about the level of automation the financial services services are going to see - numbers are the the very basis of digitisation.

I've drawn parallels to the loss of manufacturing/extractive industries in the North to job losses in the South (Yes I know Swinton in based in Mancs). Ok no ... people get upset when I say that loads of towns in South are going to reamed employment wise.

Life insururers have gone - mainly because 80% of their business was a con - WP investments.

Pick nay medium to large town south of Sheffield and Ill bet that its current 1st or 2nd largest emploiyers is some sort of financial service company.

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10 minutes ago, spyguy said:

Ive banged on here a couple of time about the level of automation the financial services services are going to see - numbers are the the very basis of digitisation.

I've drawn parallels to the loss of manufacturing/extractive industries in the North to job losses in the South (Yes I know Swinton in based in Mancs). Ok no ... people get upset when I say that loads of towns in South are going to reamed employment wise.

Life insururers have gone - mainly because 80% of their business was a con - WP investments.

Pick nay medium to large town south of Sheffield and Ill bet that its current 1st or 2nd largest emploiyers is some sort of financial service company.

Higher wages for higher house prices, means more incentive to automate.

It's one thing being replaced by a robot, but replaced by a script/sub routine.... ouch.

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Just now, PopGun said:

Higher wages for higher house prices, means more incentive to automate.

It's one thing being replaced by a robot, but replaced by a script/sub routine.... ouch.

Well, thats its.

20 years ago, a LI insurer in a town I was contracting in struggled to get people - they employed 1500 in a town of ~25k - I stayed in the pub opposite the main building.. They should not have employed any; the Endowment comp was huge.

Now they employ about 100, working on closing down the business.

1500->100 in 10 years.

Sme goes for mortgages (Nationwide), banks (branches hsutting), insurance, etc. Anything involving numbers by its nature is easily digitised.

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Looks like Norwich is going to kop 180 of these losses or so we also have the Norwich and Peterborough Building Society closing with 100+ jobs and many branches closing in the area.

but dont worry you can buy this nice terrace house for £850K with no parking.

http://www.rightmove.co.uk/property-for-sale/property-66010520.html

Life was much simpler back in the 90's you would see jobs and people doing them now everyone is hidden in small offices or working form home and the large buildings empty etc.

I recon some more Aviva jobs going also due to the number of happy Indians outside the offices.

This maybe the reason for supporting the housing bubble as little to nothing left

 

Edited by Fromage Frais

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