UK SME Insurance Market Report- Technology, Trends and Competitor Dynamics | Hiscox, Simply Business
Get a FREE PDF Sample Copy of the Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=4430784
Top Companies Mentioned in this Report-
AXA and Aviva remain the market leaders for UK SME insurance, but the fall in the latters percent of respondents has widened AXAs advantage. However, Aviva differentiates itself by selling a greater number of contracts through brokers. This division is significant, as brokers accounted for almost half of the purchasing channel for SME insurance in 2020. In third place, Zurich stands out by having higher net promoter scores than those of the largest two providers, demonstrating an ability to deliver high customer satisfaction levels. In fourth place, Barclays continues to have a strong market presence for SME insurance, capitalizing on its customer relations for business banking. While the UK SME insurance market is dominated by AXA and Aviva, outlier insurers such as Allianz, Hiscox, AA, and Admiral continue to strengthen their market presence through product specialization.
UK SME Insurance Market Report identifies which insurers lead the way in the SME segment and examines how they are developing their propositions, while also highlighting how competitor positions vary between micro, small, and medium enterprises. It reveals which insurers are winning over brokers and with which companies SMEs are placing their business.
Scope of this Report-
- At 7.8% share, AXAs market position remains unchanged from 2019.
- Avivas share fell from 7.6% in 2019 to 6.9% in 2020, yet brokers are more likely to sell both packaged and non-packaged SME insurance from this provider.
- Barclays sells the most insurance contracts to SMEs with a 20.0% market share of the banking channel.
Reasons to Buy this Report-
- Identify trends that are driving changes in the SME insurance market.
- Assess the financial performance of competitors.
- Identify efficient distribution strategies that complement and support customer purchasing behavior.
Discount on this Full Report @ https://www.reportsnreports.com/purchase.aspx?name=4430784
Table of Contents in this Report-
1. Executive Summary
1.1 AXA leads the market for SME insurance
1.2 Key findings
1.3 Critical success factors
2. UK SME landscape
2.1 AXA and Aviva remain the market leaders for UK SME insurance in 2020
2.2 Brokers are integral to the distribution of commercial insurance
2.3 Barclays leads bancassurance
2.4 Influence of PCWs in the UK SME insurance market
2.5 The strengths of the three leading providers
2.6 Insurers can challenge the SME competitive landscape through product specialization
3. SMEs are keen on receiving business strategy advice from an insurer
3.1 Medium-size businesses have the highest uptake of value-added services
4. Top insurers by net promoter score
4.1 Avivas NPS lags behind in two of the four main commercial products
5. Supplemental data: Top five insurers by product lines
6.1 Abbreviations and acronyms
6.4 Secondary sources
6.5 Further reading
+ 1 888 391 5441
ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.
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 Market Report- Technology, Trends and Competitor Dynamics | Hiscox, Simply Business here
News-ID: 2395332 • Views: 243
More Releases from ReportsnReports
Endotracheal Tubes Market Report-Growth Opportunities, Top Companies, Regional F …
The Endotracheal Tubes Market research report is an effective tool that provides data about market size, share, industry trends, and market growth during the forecast period. The Endotracheal Tubes Market research report describes a precise image of the market and offers an in-depth description. Of various factors that are expected to boost the market growth. Endotracheal Tubes Market report also provides an obsolete background analysis of the industry, which incorporates
Airway Management Market Report- Pipeline Products under Development by Companie …
Airway Management Market research report provides top-notch information on the global transformer oil market based on type, application, end-user, and region. Airway Management Market offers qualitative and quantitative market analysis, including market drivers, restraints, obstacles, and opportunities in the market. In addition, Airway Management Market provides a region-wise assessment of the need to understand the competitive landscape, market trends, and market dynamics. Get FREE PDF Sample of the Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=4232079 Airway
Intraocular Lens Market Report- Manufacturers, Type and Application, Growth Rate …
The Intraocular Lens Market research reports provide industry dynamics and in-depth Intraocular Lens Market segmentation with historical, current, and projected industry size along with industry trends. Furthermore, the Intraocular Lens Market research report includes an in-depth market analysis utilizing Porter’s five force analysis and offers the impact of covid-19 on the market during the forecasted period. Get FREE PDF Sample of the Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=4298834 Intraocular Lens (IOL) (Ophthalmic Devices) - Global
Cardiac Catheters Market Report- Industry Size, Growth, Analysis and Forecast | …
The Cardiac Catheters Market research report Provides detailed information about new product launches, reimbursement scenarios in crucial countries, research methodology, recent developments, market segmentation, and investments. Moreover, Cardiac Catheters Market also Scrutinizes top to bottom worldwide market patterns and perspectives combined with the driving components of the market. Get FREE PDF Sample of the Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=4334717 Cardiac Catheters Market Report provides comprehensive information about the Cardiac Catheters pipeline products with comparative
More Releases for SME
UK SME Insurance: Distribution Dynamics 2017
Researchmoz added Most up-to-date research on "UK SME Insurance: Distribution Dynamics 2017" to its huge collection of research reports. An insight on the important factors and trends influencing the market. "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
Micro employer HR software steals SME show
A new modular HR software designed specifically with micro and SME businesses in mind, has stolen the show at its launch at SME Live at the NEC on 16th October. Amity Essentials, from industry leading HR and payroll provider FMP Global, is a flexible HR software, completely free for micro businesses with 10 or less employees, that uses ‘bolt-on’ modules as a business grows, making it both simple and affordable. FMP
UK SME Adoption of Employee Benefits 2017
Recent research and the current scenario as well as future market potential of "UK SME Adoption of Employee Benefits 2017" globally. Summary "UK SME Adoption of Employee Benefits 2017", report highlights the opportunities in offering employee benefits by sizing the number of SMEs in the UK. It discusses the penetration of employee benefits among SMEs and factors affecting this, such as pension auto-enrolment. It explores how employee benefits are purchased, which are
INDIA: Big March for SME
In keeping with recent and ongoing changes in the business landscape, business is focusing on mobility rather than stability, and the service business has evolved accordingly. Globalization is the buzzword as geographic boundaries cease to exist. Business is competing for opportunities in an international arena. Because the world is connected in a single unit, any crisis in one part of the world has repercussions in other parts, too. Small and medium-sized
IndiaMART.com Pushes for Cohesive SME Ecosystem through SME Learning Series
Partners with Smallenterpriseindia.com for the Series Series aims to bring clear understanding of Finance, HR, IT, Communication, Marketing & other business verticals to SMEs Roadshows in Delhi, Ghaziabad, Gurgaon, Bangalore & Vadodara receive huge response New Delhi, 28th May, 2011: Small and Medium Enterprises (SMEs) have been playing a vital role in growth and development of Indian economy. They are credited with generating million of job opportunities every year along with contributing a
IndiaMART.com Plans Massive SME Awareness Campaign
To be launched in 2-3 weeks, campaign's theme centers on boosting awareness amongst SMEs on the need to go online - Educate buyers & suppliers on how they can leverage Internet for 24X7 global presence, cost-effective marketing & B2B matchmaking - Highlight catalyzing role of B2B e-marketplaces like IndiaMART.com in growth of SMEs - Nation-wide drive to be launched across newspapers, magazines, online, radio, electronic & outdoor media New Delhi,