UK SME Insurance Market Report- Top Manufacturers, Future Growth Outlook, Trends and Opportunities Forecast to 2024

The UK SME Insurance Market research report presents an intensive and coordinated exploration of the current circumstance, UK SME Insurance Market key elements, market methodologies, and central participants' development in the business. The investigation helps controllers and corporate leaders in developing cost-effective decisions. UK SME Insurance Market provides an evenhanded and extensive assessment of existing examples, factors, obstacles, limits, headway, possibilities/quick development areas that will help partners create business plans dependent on present and future patterns.

Get FREE PDF Sample of the Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=4430784

AXA and Aviva remain the market leaders for UK SME insurance, but the fall in the latter’s percent of respondents has widened AXA’s 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.

This 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, AXA’s market position remains unchanged from 2019.
- Aviva’s 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.

Get Discount on Purchase this Report @ https://www.reportsnreports.com/purchase.aspx?name=4430784

Table of Contents
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 Aviva’s NPS lags behind in two of the four main commercial products
5. Supplemental data: Top five insurers by product lines
6. Appendix
6.1 Abbreviations and acronyms
6.2 Definitions
6.3 Methodology
6.4 Secondary sources
6.5 Further reading
and more..

+ 1 888 391 5441
sales@reportsandreports.com

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.

This release was published on openPR.