Brokers expect car insurance industry to grow by 14% by 2019

Insurance intermediaries are optimistic about the sector enjoying good growth over the next three to five years, according to research seen exclusively by Insurance Age.

In a survey of 112 insurance brokers, conducted by EDM Group, one in three (35%) intermediaries said they anticipate that the sector will grow its revenue by between 5.1% and 10% over this timeframe, with a further 19% anticipating growth of between 10.1% and 15%.

Only 5% expect the sector to contract between now and 2019.

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