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Personal Finance News Releases
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(MoneyNewsWire.Net, November 03, 2016 ) Report Summary
The UK SME insurance market has continued to grow. In 2015, the market was worth £7.7bn in gross written premiums (GWP), up 12.1% year-on-year. This has been driven by a growing economy, which has facilitated increases in the number of SMEs in the UK and consequently the opportunity to sell commercial insurance.
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Report Scope
- Micro businesses account for 95.5% of UK private sector enterprises and 18.1% of generated turnover.
- Uptake of cyber insurance and directors and officers liability insurance has risen by 11.6 and 10.5 percentage points respectively since 2014.
- 38.0% of SMEs are concerned about an event that would stop them trading.
- The UK SME insurance market is forecast to be worth £9.04bn in 2020.
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Reason 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.
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Contact Email: sales@reportsweb.com
ReportsWeb.com
Priya Sisodia
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com 
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