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UK Commercial Insurance Distribution 2011
Datamonitor, May 2011, Pages: 94
Introduction
This report gives a comprehensive analysis of distribution in the UK commercial insurance market. It explores issues including the growth of direct insurers in commercial insurance and the acquisitions occurring between commercial insurance brokers. The report also includes data and insight into SME purchasing behavior, broker consolidation and the latest activity of the managing general agents.
Features and benefits
- Insight into the latest issues affecting the commercial insurance market and the impact these are having on distribution.
- The latest data on SMEs purchasing behaviour, managing general agents and broker consolidation in the UK commercial insurance market.
Highlights
The results indicate that SMEs are increasingly open to purchasing cover online fuelling an increase in insurance cover being provided directly to SMEs. However, there exists a clear correlation between the size of an SME and the propensity to purchase cover online, indicating the continued value assigned to brokers bespoke advice.
Consolidation in the market has been muted in comparison to previous years as brokers look to reduce net debt levels and capital funding in the market remains suppressed. Acquisitions have been increasingly targeted at increasing exposure in specialist or regional markets as opposed to increasing GWP volume.
Your key questions answered
- What are the past and forecasted commercial insurance distribution trends in the UK?
- What factors are influencing SMEs commercial insurance purchases?
- What have been the chief issues affecting commercial insurance distribution and what factors will affect it going forward?
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