UK brokers waste millions every year according to survey

Insurance Age staff
12 Jul 2007

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The report has found that:

10% of companies are making a loss 6% are losing money for the second year running 8% of companies made less than 3% return on investment.

The findings suggest that 1224 of the 1654 companies covered would make more profit under new ownership, resulting in £2.3bn extra revenue in the industry as a whole. At the moment, accoring to Plimsoll Publishing, money is being thrown away because of companies’ failure to control their losses and manage their businesses more

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