UK SME Insurance: Distribution Dynamics 2017
"UK SME Insurance: Distribution Dynamics 2017", looks at how SMEs buy insurance coverage and the reasons behind their purchasing decisions. This report also examines the services SMEs are currently receiving and the additional amenities they would like from their provider going forward. Other influential factors are also taken into consideration, such as the age of the business owner and the age of the business.
Get a Sample PDF at: https://www.researchmoz.us/enquiry.php?type=S&repid=1375904
With insurers increasingly seeking to grow their share of the SME market competition has continued to increase over the past year. Further advances in technology have allowed for products to become more specialized, allowing for niche markets to be targeted more accurately. Brokers have remained the most used channel when purchasing insurance, yet their share of the SME market has decreased significantly in 2017. Purchasing both directly from the insurer and via price comparison websites have increased. Insurance companies also continue to provide an increasing variety of products that cater specifically for the smallest of SMEs. Given that businesses of this size represent the majority of SMEs by number, the growth of non-brokered purchasing channels is unsurprising.
- Purchasing insurance online via a PC remains the most common method across SMEs, with 33.1% using this method in 2017.
- Commercial insurance renewal rates are significantly higher in comparison to personal lines, with the overwhelming majority of SMEs remaining with their current provider in 2017.
- Younger businesses are embracing technology when purchasing their insurance, with the use of tablets and smartphones highest among business that have operated for less than two years.
Reasons to buy
- Identify the most prominent sales channel for SMEs.
- Adapt/re-evaluate your distribution strategy and proposition to meet the needs of modern consumers.
- Discover the factors influencing SME purchasing decisions and distribution channel selection.
Get Complete TOC With Tables and Figures @ https://www.researchmoz.us/uk-sme-insurance-distribution-dynamics-2017-report.html/toc
ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.
90 State Street,
Albany NY - 12207
Website @ https://www.researchmoz.us/
Tel: 866-997-4948 (Us-Canada Toll Free)
For More Reports Visit @ http://marketresearchlatestreports.blogspot.com/
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release UK SME Insurance: Distribution Dynamics 2017 here
News-ID: 1380005 • Views: 216
More Releases for SMEs
Cyber Check: Cyber Risk Screening for SMEs
CRIF Decision Solutions has launched Cyber Check (powered by KYND's cyber risk technology) to provide small and medium size enterprises [SMEs] with an economically viable service to allow them to rapidly identify their cyber risk vulnerabilities. Available as a one off assessment or regular monitoring, Cyber Check undertakes immediate screening and instantly provides a report detailing the company's cyber risk exposure. The service is quick and easy to use and IT
An SMEs first steps into Additive Manufacturing
The concept of Additive Manufacturing (otherwise known as 3D printing), whereby components are manufactured in a series of layers, has be around for the best part of 30 years. The technology has matured to deliver final end parts to the wide variety of industries over the last 5 years or so. With large blue chip companies such as Boeing, Rolls Royce and Dyson investing into the technology and with the
How free software can benefit SMEs
Intuitive, easy and quick. MEDUSA4 Personal for small companies is impressive whichever way you look at it Cambridge, UK and Pittsford, NY – 2 November 2016: A modern design, new functions and more possibilities for commercial use make the free CAD software ideal for day-to-day use in construction and planning. Big benefits for small companies Companies producing construction drawings and plans can use MEDUSA4 Personal's complete range of functions free of charge. If
60% of Polish SMEs use IT services
Approx. 60% of small and medium sized enterprises use IT services in Poland. Some 30% of SMEs declare to employ people responsible for IT. The number of portable computers used by SMEs has been growing. On average, there are five such computers per one SME. The proportion of companies which use EU funds to finance ICT development has gone down over the last two years. Use of IT services According to the
IndiaMART.com Triggers Global Growth Prospects for SMEs
- In association with TiE organises SME Conference 2011 on "Going Beyond India — Competing in a Globalized Economy" - Mr. Dinesh Agarwal, Founder & CEO, IndiaMART.com says competitive & resilient SMEs are quintessential for economic growth -Prof. Suresh Tendulkar shares macro perspective on enhancing global competitiveness in SMEs -Hon'ble Secretary Ministry of MSMEs Mr. Uday Kumar Varma says the new decade belongs to SMEs -Packed hall acclaims the Conference New Delhi, 31st January, 2010:
IndiaMART.com Brings Large Scale Exposure to SMEs
-Ties-up with two prestigious trade expositions - IndiaMART Plast Show 2010 & PackPlus 2010 -Aims to mobilise growth possibilities for the SMEs in the plastic machinery and the packaging sectors New Delhi, 27th November, 2010: Triggering future growth prospects for small and medium scale enterprises in the plastic machinery and the packaging sectors, IndiaMART.com, India's largest online B2B marketplace, has decided to partner with two specialised trade events Plast Show 2010 and