Friday 9 December 2011
Commercial Insurance Brokers
It looks like another tough time is going to happen in 2012, its likely that rates will harden in the short terms and for commercial brokers all ready struggling to keep 'GWP' up and make profit. Where are the new areas of growth going to come from both Insurance companies and insurance brokers are looking very carefully at where they might attach a market. With companies like AXA, Groupama and Markel all expanding their areas of operations into direct marketing and also new products such as Professional Indemnity Insurance, why this class has become so popular is hard to say with 20-30 plus companies all offering this type of cover. This makes it difficult for the insurance broker to satisfy all its insurance supplies with rates going down and down.
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I had no idea insurance rates are going down this year. Does it mean it's a good time to have my commercial insurance reniewed? Do you recommend to search for a small insurance company or a big one?
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