UK Commercial Insurance Distribution 2018

Pune India - April 13, 2018 /MarketersMEDIA/ —

"UK Commercial Insurance Distribution 2018", report provides an in-depth study into commercial insurance distribution trends. It discusses the influence of the different purchasing behaviors of SMEs compared to larger corporate businesses, and pays particular attention to the role and strategy of brokers within product distribution. It also addresses challenges in the market and the impact of technology on consumer channel preferences, before concluding with a distribution forecast for the coming years.

Commercial insurance remains a highly competitive space, and the distribution of the market's products continues to evolve. Brokers maintain a grip on the greatest share of the market, and the channel's footprint saw a rise in premium share in 2016 according to Association for British Insurers (ABI) statistics. With enduring dominance in non-SME markets and fast-flow business, digital brokers are finding success even against the threat of the direct channel in the SME space.

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Scope:
-Brokers dominate the distribution of commercial insurance with a 79.0% share of the market.
-The broker landscape has been transformed by digital offerings via price comparison sites and innovative players.
-Acquisitions were a key trend in 2017, with consolidation a priority for brokers and insurers amid tough conditions.

Reasons to buy:
-Adapt your distribution strategy to ensure it still meets the needs of clients and intermediaries.
-Ensure you remain competitive as new innovations revolutionize the purchasing journey for clients and brokers.
-Benchmark yourself against other players in the market.
-Be prepared for how technology is set to impact the commercial insurance market.

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Top Players:
AXA
Hiscox
NFU Mutual
Aviva
Allianz
Simply Business
HSBC
Santander
Lloyds
RBS
TSB
Towergate
Confused.com
Comparethemarket.com
Moneysupermarket.com
Gocompare.com
Zurich
Barclays
Lloyds Bank
Arthur J. Gallagher
JLT
Marsh
Aon
Willis
AA
Saga
Tower Watson
Jelf
Insurance Times
Willis Tower Watson
Nimbla
Polaris
Brolly
CoverBuilder
Cytora

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Contact Info:
Name: Sameer Joshi
Email: Send Email
Organization: ReportsWeb
Phone: +91-20-67278686
Website: http://www.reportsweb.com/UK-Commercial-Insurance-Distribution-2018

Release ID: 330221