Broking market in decline
Report suggests general insurance broking market has dropped 2.5% each year since 2010.
Research has found that the value of the non-life insurance broking market hit £4.6bn in 2014, an increase on the £4.5bn recorded in 2010 but a decrease in real terms of 2.5% a year.
Two studies issued by market research company Finaccord also found that the market size in 2014 was composed of around £2.54bn from commercial lines and £2.10bn from personal lines broking with the value of both segments having retreated in real terms since 2010.
Alan Leach, director of Finaccord commented: "In
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