Press release
UK SME Insurance Market 2017 - Current and Future Plans 2020
SUMMARYWiseGuyReports published new report, titled “UK SME Insurance: Market Dynamics and Opportunities”
"UK SME Insurance: Market Dynamics and Opportunities 2017", analyzes the UK SME insurance market. Economic factors including GDP growth, SME business confidence, and unemployment rates are explored in relation to the UK’s business landscape. Growth in the number of SMEs is explored by business size and industry. The SME market is discussed in relation to uptake of commercial insurance. Finally an estimate of current and historic market size is provided, in addition to a future forecast.
The UK SME insurance market was estimated to be worth £6.4bn in GWP in 2016, after falling from £7.0bn in 2015. The sharp fall in 2016 was caused by reduced average insurance spend across all sizes of SMEs, which outweighed the slight increase in companies registered in these categories. The impact of trends in the five to nine employee group of SMEs was particularly significant, as it has both high insurance penetration (94.2%) and a high volume of businesses, meaning a decline in spending reported through our 2017 SME Insurance Survey had a major impact on the overall size of the market.
GET SAMPLE REPORT @ https://www.wiseguyreports.com/sample-request/2401017-uk-sme-insurance-market-dynamics-and-opportunities-2017
Scope
- Micro businesses account for 95.5% of UK private sector enterprises and 18.6% of generated turnover.
- 40.0% of SMEs are concerned about the fallout from Brexit, with the possibility of poorer economic conditions the key factor.
- The UK SME insurance market is forecast to be worth £7.66bn in 2020.
Key points to buy
- Be aware of the significance of SMEs within the commercial insurance market and how they are influenced by the UK economy.
- Adapt your strategy and ensure you remain competitive by understanding the opportunities for growth within the SME insurance market.
- Recognize the challenges the SME insurance market faces.
- See our forecasts for the SME market.
Table of Contents
1. EXECUTIVE SUMMARY
2. SME MARKET
3. SME INSURANCE
4. THE MARKET GOING FORWARD
5. APPENDIX
..CONTINUED
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
WISEGUY RESEARCH CONSULTANTS PVT LTD
Office No. 528, Amanora Chambers
Pune - 411028
Maharashtra, India
This release was published on openPR.
Permanent link to this press release:
Copy
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 2017 - Current and Future Plans 2020 here
News-ID: 780900 • Views: …
More Releases from UK SME Insurance Market
UK SME Insurance Market By Excellent Opportunities, Industry Growth, Size, And S …
The ResearchMoz Market Research offers complete overview of the Global UK SME INSURANCE Market with marketing knowledge on the basis of recorded data for marketing decision makers. Report also focuses on all the important aspects of the industry such as new models, opportunities and trends which enable more effective marketing decision making and theories with empirical insights from marketing study. Hence the report is beneficial for the readers as it…
UK SME Insurance to Witness Excellent Long-Term Growth Outlook By Key Players - …
Researchmoz added Most up-to-date research on "UK SME Insurance to Witness Excellent Long-Term Growth Outlook By Key Players - AXA, Aviva, Allianz, Direct Line, Zurich, Hiscox, RSA, NFU Mutual and Lloyds" to its huge collection of research reports.
UK SME Insurance
This report looks at which insurers lead the way in the SME segment and how they are developing their propositions. It also highlights how competitor positions vary between micro, small, and…
More Releases for SMEs
Digitization in SMEs: Opportunities and challenges
Digitalization in German companies has made significant progress in recent years, as evidenced above all by the increasingly widespread use of ERP (Enterprise Resource Planning) software. ERP systems are key tools for the integration and automation of business processes ranging from financial accounting and human resources to production and sales. Current studies show that a growing number of companies in Germany are using ERP solutions to increase their competitiveness and…
Swoop launches voice offering for SMEs
ASX-listed telco Swoop has launched a new voice offering aimed at small to medium-sized businesses (SMBs).
Launched this year, the offering includes unlimited SIP trunks [https://www.swoop.com.au/business/voice/sip-trunks/] and unified communications [https://www.swoop.com.au/business/voice/unified-communications/] voice services.
The launch follows Swoop's acquisition of Sydney-based telecommunications wholesale voice service Seventeen Services.
"This acquisition is set to propel Swoop to new heights by enabling the launch of cutting-edge voice products, amplifying the company's offerings, and cementing its position as a…
Swoop launches voice offering for SMEs
ASX-listed telco Swoop has launched a new voice offering aimed at small to medium-sized businesses (SMBs).
Launched this year, the offering includes unlimited SIP trunks and unified communications voice services.
The launch follows Swoop's acquisition of Sydney-based telecommunications wholesale voice service Seventeen Services.
"This acquisition is set to propel Swoop to new heights by enabling the launch of cutting-edge voice products, amplifying the company's offerings, and cementing its position as a frontrunner in…
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 Enriches SMEs with Power of Internet
First-of-its kind report on Internet & SMEs to be unveiled at 'Free for SMEs' Conference
- FISME to ardently support the conference
- Erudite speakers to share valuable information
- Importance & scope of mobile marketing for SMEs also to be highlighted
New Delhi, 2nd July 2010: With global economy becoming increasingly reliant on Information and Communication Technology (ICT) for undertaking various businesses, Indian Small and Medium Enterprises (SMEs) too are expected to…
