As company results start to fall into place at the beginning of the year we have seen some major insurance software company results with losses from SSP's latest result topping £22 million and poweplace the towergate owned company cutting back its sale force by one quarter and with most of the major software producers showing poor results.
They have usually offered brokers Online Quote and Buy systems mainly B2B for products such as Professional Indemnity Insurance, Directors and Officers Insurance, Commercial Combined, Property Owners and Shops and Office Insurance what needs to happen is a change of focus from GWP grabbing to make a profit and the darling of the insurance industry are no different to any other company with one exception in that they have lots of other peoples money to spend. Lets be frank most average CEO's could have achieved the same given the funding received by these companies.
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