Uk commercial insurance distribution 2012

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Uk commercial insurance distribution 2012

  1. 1. UK Commercial Insurance Distribution 2012Commercial insurance is a highly competitive market and its distribution is evolving;primarily as a result of economic conditions on UK business and persistently soft marketconditions. A tightening of resources, a focus on operational efficiency and concentration oncore relationships have impacted on the shape of distribution while traditional brokerdominance is challenged in the SME space.Features and benefitsA discussion on current trends in the distribution landscape, including broker networks ande-trading, and their forecast future impact.The latest data on SME purchasing behavior; analyzing preferences regarding service,product, channel and platform broken down by business size.A view of the distribution strategies being pursued by the top 10 commercial insurers.The shape and composition of the distribution landscape broken down by business sizesegments and a review of the channels most appropriate for these.Buy your copy of this report @ http://www.reportsnreports.com/reports/162573-uk-commercial-insurance-distribution-2012.htmlHighlightsWhen asked how frequently contact with their broker was made, 55.2% of SMEs respondedthat this would occur only upon policy renewal. However, 44.8% of SMEs were in contactwith their broker at least once per year beyond this; including 23.8% meeting with brokersmore than twice per year.For those brokers who did not belong to a network, the most cited main reason was "we areindependent" with 27.6% of responses. 25.2% of brokers outside of networks did not knowwhy they were not, while 18.9% did not regard them as beneficial.The level of perceived threat from the range of alternative distribution channels varieddepending on the size of the broker respondent. While large regional brokers were regardedas a key threat by all brokers, this was particularly pronouncedTable of ContentsOVERVIEWEXECUTIVE SUMMARYTHE COMMERCIAL INSURANCE LANDSCAPETHE BROKER LANDSCAPE
  2. 2. E-TRADINGDIRECT, BANKING, AND OTHER CHANNELSSME PURCHASING BEHAVIORTOP 10 INSURERSFUTURE DECODEDAPPENDIXBrowse reports related to Banking and Financial Services @http://www.reportsnreports.com/market-research/banking-services/Report Details:Published: May 2012Price: Single User License – US$5250 Corporate User License – US$13125Contact:TX, Dallas North - Dominion Plaza,17304, Preston Road,Suite 800, Dallas 75252Tel: +1-888-391-5441sales@reportsandreports.comConnect With Us:

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