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"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.
For more information about this report: http://www.reportsweb.com/uk-commercial-insurance-distribution-2017
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.
Reasons to buy
- Adapt your distribution strategy to ensure it still meets the needs of clients and intermediaries.
- Ensure you remain competitive as new innovations revolutionize the purchasing journey for clients and brokers.
- Benchmark yourself against other players in the market.
- Be prepared for how technology is set to impact the commercial insurance market.
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Table of Content:
1. Executive Summary 3
2. Commercial Insurance: Channel Analysis 9
3. Brokers And Commercial Insurance Distribution 26
4. The Distribution Landscape Going Forward 40
5. Appendix 48
Companies Mentioned:
AXA
Direct Line
Hiscox
NFU Mutual
Aviva
Allianz
Simply Business
Towergate
Confused.com
Comparethemarket.com
Moneysupermarket.com
Gocompare.com
Barclays
Lloyds Bank
Arthur J. Gallagher
JLT
Marsh
Aon
Willis
AA
Saga
Inquire for Report at http://www.reportsweb.com/buy&RW0001787556/buy/5250
Thistle Insurance Services
Tower Watson
Jelf
Insurance Times
Willis Tower Watson
Giles
Contact Info:
Name: Sameer Joshi
Email: Send Email
Organization: ReportsWeb
Phone: +91-20-67278686
Website: http://www.reportsweb.com/
Release ID: 255429