The UK general insurance sector has experienced a massive increase in customer defection levels, soaring by 43% since 2005, according to a recent study.
The research, conducted by Pitney Bowes Group 1 Software, collected data from financial industries in European economies and in the US, and found customer defection, or 'churn', had risen from 17.8% in 2005 to 25.4% in 2007.
Andrew Greenyer, vice-president of international marketing at Pitney Bowes Group 1 Software, said: "The world is becoming
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