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.
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.