QBE report is a wake up for brokers

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One third of SMEs interested in buying insurance direct; not many seeking advice.

Three quarters of UK SMEs say competitive price is key factor in buying business insurance and a third would rather buy business insurance direct, rather than via a broker.

These - and the fact only 16% of UK SMEs, those companies with up to 250 employees, will look to the insurance industry for advice in the first six months of 2010 - are among the findings of a new survey by QBE.

Focus on price was the priority for SMEs across the UK, except in the Midlands and Wales where the financial

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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