SMEs start to take a far broader view

Small and medium sized enterprises appear to have realised the benefit of stable insurance premiums with many deciding against always choosing the cheapest option available however they still don't expect their premiums to go up every year, as Insurance Age reports

Most small and medium sized enterprises (SMEs) have woken up to the benefit of stable insurance premiums according to the latest research commissioned by Norwich Union (NU).

The tracking survey, conducted by Holden Pearmain, shows nearly 70% of businesses (68%) claiming not to always buy the cheapest insurance available, and only 19% buying on price alone.

More than half the SMEs questioned don't expect their premiums to go up every year - again highlighting the importance of premium stability to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: