Rocketing commercial premiums piles pressure on SMEs
Recent figures from Acturis show that commercial insurers are continuing to increase the cost of cover across a range of core sectors.
The latest Acturis Commercial Broking Index shows that there were consistent premium increases throughout the year, with rises each quarter of at least 4%, compared to the equivalent quarters in 2021.
This is for commercial combined, liability, packages, property owners and tradespeople.
4%The Acturis Commercial Broking Index shows there were rises each quarter of at least 4%
The only sector which has shown smaller increases is fleet.
The final quarter of 2022 saw tradespeople
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 or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
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.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
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. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Commercial
Commercial Express moving from Open GI to Acturis
Managing general agent Commercial Express is switching from Open GI to Acturis for its back-office operating system and product launches, Insurance Age can reveal.
Verlingue grows again in 2025, EBCam deal price revealed
Top 100 UK broker Verlingue Holdings grew profits and turnover in 2025, maintaining its long-running expansion streak.
Interview: Gallagher’s Karen Greenhalgh
Karen Greenhalgh, head of broking and placement for the commercial division at Gallagher in the UK, details her route into insurance, being one of the very first recruits when the US giant entered the retail market, and following her recent promotion her vision for her new role at the consolidating behemoth.
US to feel the brunt of Acrisure's 11% workforce cull
Acrisure has stated that most its upcoming job cuts will be in the US.
Sign up for Broker Expo now to be ready for 2027 and beyond
You can now sign up to attend Broker Expo as part of Insurance Age’s wider UK Broker Week which also encompasses the UK Broker Awards and UK Broker Summit.
Cross-selling at the forefront for Covéa, say PL boss Coffey and CL leader Hector
Covéa personal lines director Sue Coffey has outlined plans to widen Covéa’s home insurance footprint and the cross-selling opportunities with the commercial business, as the insurer pinpoints profits as the lead focus going forward.
Axa’s Jon Walker on consistency for brokers in new role
Having been made CEO of newly created Axa Insurance UK in March, Jon Walker sets out his approach to the role and what the provider is doing for brokers.
Alan Boswell rated top broker for online visibility and reputation
Alan Boswell has been ranked the broker with the best online visibility and public reputation according to a new report.