Brokers eyeing up expansion in non-standard
More than three quarters (79%) of brokers had an increase in non-standard insurance enquiries over the past year with an identical amount expecting continued growth in the year ahead, according to a survey by Prestige Underwriting.
The managing general agent polled 65 brokers involved in non-standard markets in May and June for the first Prestige Underwriting Non-Standard Survey.
The participants detailed anticipating growth from a rise in customer numbers rather than it being solely due to an increase in premiums. Only 13% cited rate increases as the driver.
The enthusiasm shown by brokers for the non-standard market is both welcome and encouraging.Alison Williams, managing director at Prestige Underwriting
The survey also
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