UK
Commercial Insurance Distribution 2017", report provides an in-depth study into
the trends of commercial insurance distribution. The report discusses the
influence of the differing purchasing behaviors of SMEs compared to larger
corporate businesses, and pays particular attention to the role and strategies
of brokers within product distribution. It also addresses the challenges in the
market and the impact of technology on consumer channel preferences, before
concluding with a distribution forecast for the coming years.
Commercial insurance remains a highly
competitive market, and the distribution of its products continues to evolve
and vary. Brokers hold the highest share of the commercial market despite
incremental growth in the other channels. The SME market has been driving this
change, with more of these types of businesses opting to purchase insurance
directly from their provider. These SMEs require less comprehensive insurance
coverage, meaning a more simplistic and efficient offering is adequate.
Scope
Brokers dominate the distribution of
commercial insurance with a 77.1% share of the market.
Brokers of all capacities are keen to improve
their online propositions to provide an enhanced level of customer service.
Underinsurance is a problem within the SME
space, with significant proportions citing price and a general lack of
knowledge or product awareness as the reasons for forgoing adequate insurance
cover.
Key Topics
Covered in the Report:
UK Commercial Insurance Distribution
UK Commercial Insurance Research Report
UK Commercial Insurance Market Size
UK Commercial Insurance Market Growth
UK Commercial Insurance Industry Research
Middle East Commercial Insurance Market SWOT
Analysis
Europe Commercial Insurance Market Trends
Asia-Pacific Commercial Insurance Market Forecast
US Commercial Insurance Market Revenue
UK Commercial Insurance Market Analysis
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more, click on the link below:
Related
reports
Contact:
Ken Research
Ankur Gupta, Head Marketing &
Communications
+91-124-4230204