Abstract
Overview
Introduction
This report provides a comprehensive look at the distribution of commercial
insurance in the UK. It uses data from two exclusive Datamonitor surveys and a
proprietary broker database to provide insight into the purchasing habits of
SMEs and the views of brokers. It also looks at broker consolidation activity
in the market.
Scope
- The results of two unique surveys which look at SME and broker issues in
the market.
- Insight from Datamonitor' s exclusive Insurance Broker Database, which
contains broker market share information including client turnover.
- Forecast of the evolution of commercial insurance distribution from 2007
to 2011.
Report Highlights
Brokers will continue to dominate the distribution of commercial insurance
over the next few years although national brokers are losing share to other
intermediaries.
Consolidation is continuing apace as plenty of small brokers were snapped up
during 2007.
Larger companies are more likely to switch broker than their smaller
counterparts.
Reasons to Purchase
- Analyse SME attitudes towards switching provider and channel preference.
- Plan your future acquisition strategy by using exclusive distribution data
forecast until 2011.
- Gain insight into how brokers are coping with the acquistion and retention
of commercial clients.
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