Broker motor market policies slip to 33%
Research by Defaqto has revealed that the number of motor policies available via the intermediary channel has fallen to 33% with direct products dominating the sector.
It added that in 2004 the split was 60% to 40% in favour of direct products.
However the research company argued that with the number of comprehensive motor insurance policies on the market increasing from 150 to 211 since 2004 there were still real opportunities for intermediaries.
Defaqto explained that within the high net worth motor market 90% of products were only available through the intermediary channel. It said that to continue to take advantage of the opportunities in this sector
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