Visitors Now:
Total Visits:
Total Stories:
Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

UK SME Insurance Market: Distribution Dynamics 2016 Growth Opportunities, Analysis and Forecasts Report 2016-2021

Tuesday, November 15, 2016 1:16
% of readers think this story is Fact. Add your two cents.

(Before It's News)

UK SME Insurance Market: Distribution Dynamics 2016” Report 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 on the market are also taken into consideration, such as the location of the business (home or on-site/office), or the age of the business owner.

Browse more detail information about UK SME Insurance Market: Distribution Dynamics 2016 at:

http://www.absolutereports.com/uk-sme-insurance-distribution-dynamics-2016-10406352

Key Players in UK SME Insurance: Distribution Dynamics 2016

  • Direct Line
  • Hiscox
  • AXA
  • Trade Direct
  • RAC
  • Zurich
  • Bupa
  • Bond Lovis
  • and Aviva

Get a PDF Sample of UK SME Insurance Market: Distribution Dynamics 2016 Research Report at: http://www.absolutereports.com/enquiry/request-sample/10406352   

Key Findings of UK SME Insurance Market: Distribution Dynamics 2016:

- Purchasing insurance online via a PC is the most common method by which SMEs arrange cover: 31.6% of respondents claimed to purchase the majority of their insurance over the internet on a desktop PC.

- SMEs are typically very loyal to their providers with most product markets commonly retaining as much as 80% of their business across SMEs of all sizes, but particularly those at the larger end of the scale.

 

Synopsis of UK SME Insurance Market: Distribution Dynamics 2016:

The SME market is important for commercial insurers as SMEs account for the majority of the UK economy. With insurers increasingly targeting the segment, the market is very competitive and propositions are evolving to cater for small and medium-sized enterprises (SMEs). E-trade, via a broker, is becoming more of a central focus for the insurers in this space, as is the distribution of high-volume, low-value business via the direct channel.

There has been an unmistakable growth in focus on direct-to-SME insurance propositions over previous years, but 2016 has seen brokers fight back. Direct insurers continue to enjoy a significant share of commercial business but brokers are beginning to follow suit in terms of the propositions they’re offering. Increasingly they are striving to promote a more streamlined offering online, as well as maintaining their advice-led services.

The benefits of the direct channel continue to be long-term customer ownership and a fast-flowing distribution chain, enticing the smallest businesses to purchase conveniently online, akin to how their personal insurance is bought. While this is the battleground for micro enterprises, for larger businesses the demand sits towards the other end of the spectrum; a desire for a wider range of services and deeper relationships where capacity from providers is perhaps not being provided to them.

—————————————————————————————————————————-

Purchase a Copy of this Report @ http://www.absolutereports.com/purchase/10406352

—————————————————————————————————————————-

Reasons to Buy UK SME Insurance Market:

  • 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.

Need more details about this Report, ask our expert @ http://www.absolutereports.com/enquiry/pre-order-enquiry/10406352

 

Detailed TOC of UK SME Insurance: Distribution Dynamics 2016

  • EXECUTIVE SUMMARY
  • Brokers are regaining their grip on commercial insurance distribution
  • Key findings
  • Critical success factors
  • THE SME PURCHASING JOURNEY
  • Introduction
  • Brokers are starting to regain their foothold of product distribution for SMEs
  • 2016 has seen brokers increase their share of product distribution
  • The direct channel has the most potential, particularly at the micro end of the market
  • Banks are also beginning to recognize the potential benefits of cross selling
  • Brokers and the direct channel compete intensely for business in the micro space
  • Purchasing confusion, seen in personal lines, is growing within the SME market
  • Insurers need a varied approach to product distribution in the SME markets
  • Price is the leading reason for SMEs choosing their selected distribution channel
  • Almost one third of home-based business owners go direct
  • Packaged products are popular although standalone policies are also highly sought after
  • Arranging insurance online is most suitable for SMEs
  • Most SMEs are opting to purchase cover via the internet
  • The online marketplace appeals to younger/more tech-savvy business owners
  • Contacting an existing provider is the most common action among SMEs looking to purchase
  • And more…

Get Discount on UK SME Insurance Market: Distribution Dynamics 2016:

http://www.absolutereports.com/enquiry/request-discount/10406352

About Absolute Report:
Absolute Reports is an upscale platform to help key personnel in the business world in strategizing and taking visionary decisions based on facts and figures derived from in-depth market research. We are one of the top report resellers in the market dedicated towards bringing you an ingenious concoction of data parameters.
 

Contact:
Mr. Ameya Pingaley

Absolute Reports
+1-408 520 9750
Email: sales@absolutereports.com  
www.absolutereports.com   
Get more market research related news @
www.marketresearch.news         
 

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.