Aviva and Allianz surveys flag inflation and climate impact issues for SMEs
Inflation has toppled business interruption as the number one concern for small businesses in a survey by Allianz Commercial while separate research by Aviva has found three-quarters of SMEs believe businesses should work on reducing their environmental impact but few have a plan in place to do so.
Soaring prices are front of mind for SMEs, according to research by Allianz Commercial.
The poll of 500 respondents, including 250 sole traders and 250 decision makers in businesses employing up to 249 people, asked about the major challenges and threats facing their business.
Survey respondents put inflation first (cited by 33% of them), cash flow second (29%) and competition third (27%).
These were well ahead of business interruption (17%), which was the top concern in the same poll last
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
Bravo strikes MGA deal to offer members drone cover
Bravo Networks has teamed up with MGA Moonrock Drone Insurance to offer its members cover for this growing sector.
Biba Conference 2024 countdown: MGAA’s Mike Keating
Mike Keating, CEO at the Managing General Agents Association, recommends lots of sleep beforehand and refers us to his lawyer concerning his evening activities.
Biba weighs in with “grave concerns” on FCA ‘name and shame’ proposals
The British Insurance Brokers’ Association has called on the Financial Conduct Authority to consider the risk of the damaging impact its proposal to name firms at the start of an investigation could have and flagged the danger of serious injustice for innocent businesses.
FCA warns on Tempcover clone
The Financial Conduct Authority has issued a warning of fraudsters trying to scam people by pretending to be short-term car insurance specialist broker Tempcover including on TikTok.
Committee calls out FCA response to concerns on investigation transparency proposal
The House of Lords Financial Services Regulation Committee has hit out at the Financial Conduct Authority, demanding a specific response to its request for a delay in proposals to name firms under investigation.
MGA ARMD on track to hit 12,000 policy target after broker-only pivot
ARMD is on track to hit its target of 12,000 products sold this year with plans to launch on Acturis in July, according to co-founder Alan Hickman.
People Moves: 29 April – 3 May 2023
Follow for the latest insurance personnel moves.
My Insurance Downtime: LexisNexis’ Tony Pinch
Tony Pinch, who heads up sales to brokers and MGAs for LexisNexis Risk Solutions, offers us a window into his life outside of insurance including juggling playing football and golf, the love of a hard back thriller and why Nando’s is an under-rated romantic meal destination.
Most read
- Wakam receives PRA approval for new £500m GWP UK insurer
- Aviva’s David Martin on the art of the possible
- Brokers push for more from RSA/NIG