The Future of Commercial Insurance
Small and medium-sized enterprises (SMEs) represent the vast majority of the world’s business fabric. In Spain, 99.84% are companies employing fewer than 250 people. They therefore represent a huge market for insurers, and there is now a real opportunity to offer a next-generation customer experience. The SME insurance market is worth $11 billion, but there […]
4 Digital Trends in Commercial Insurance in 2024
In the ever-evolving landscape of small and medium-sized enterprises (SMEs), the insurance industry is undergoing a major transformation driven by digital innovation. Four key digital trends, that we saw in 2023, are going to reshape the SME insurance 2024 landscape, offering greater efficiency, customised solutions and a forward-looking approach. 1. InsurTech Integration The union of […]
We present the 1st ranking on SME online insurance in the UK
Direct Line, Aviva, Churchill, and Hiscox top new ease-of-access ranking for UK online SME insurance Smaller businesses in the UK have multiple options when it comes to insurance, but those who wish to buy directly online face dramatically fewer choices. Of 65 leading SME insurance insurers, MGAs, and brokers, 72% do not provide direct online […]
4 Challenges for the 2023 Insurance Professional
According to industry analysts, global insurance premiums will grow 2.2% in 2023. At the same time, new technologies such as AI, the changing consumer preferences, and emerging risks create new challenges, and insurance professionals should be ready for them. In this blog post, we’ll explore 4 challenges insurance professionals on commercial lines will face this […]
4 Benefits of Knowing Your SME Clients’ Activities
Did you know that 47% of your SME clients’ data may be wrong? As insurance professionals, it is crucial to keep this information updated. Imagine one of your clients is registered on your database as a used vehicle parts shop, but, in reality, they sell secondhand cars, and also repair cars. The risk is enormously […]
Why Insurers should pay attention to SMEs
Debido a sus limitados recursos y bajo poder de negociación, las pymes (pequeñas y medianas empresas) son especialmente vulnerables a los efectos de las crisis económicas. De hecho, desde el inicio de la pandemia, las pymes se han enfrentado a graves problemas de supervivencia e incluso muchas de ellas se han visto obligadas a cerrar […]
