Survey reveals brokers sure of business growth
More than three quarters (78%) of insurance brokers polled in a survey for Mapfre Assistance said they were confident about business growth prospects in the next 12 months, with 27% saying they were very confident about business growth.
However the insurance provider said brokers had identified threats to their business models, with price comparison sites highlighted as the greatest challenge (cited by 65%). In addition 62% saw squeezed consumer incomes as a result of the recession as their greatest challenge.
Those surveyed also believed that brokers needed to actively develop their business and service offering to ensure they capitalised on the growth opportunities available over the coming 12 months.
Around 68% of brokers
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