Better business: Schemes are growing
Despite the growth figures, some brokers haven’t tested the schemes market, says Matthew Schofield
UK General regularly surveys brokers to test the appetite for schemes, and our latest analysis confirmed that schemes deliver a significant source of revenue, and there is still plenty of headroom for growth in this market.
Of 232 brokers we questioned who are currently active in the schemes market, over 30% can attribute 60% of their GWP to schemes, while 27% credit one third of their GWP to schemes.
Nearly 40% of schemes brokers have seen up to 10% growth
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