8/25/2023 0 Comments Issue insurance binder to broker![]() ![]() The results were analyzed based on four company categories: one-person enterprises, microenterprises (two to ten full-time employees), small enterprises (11 to 50), and medium-size enterprises (51 to 250). 1 McKinsey surveyed 1,419 German SMEs in August 2020 regarding their current insurance coverage and provider(s). In fact, in a 2020 McKinsey survey of SMEs in Germany, only about one-third of respondents said they were completely satisfied with their current insurance coverage. And commercial customers who have been loyal to one provider are more willing to switch than ever. Many SMEs are underinsured, especially smaller and newer businesses. The draws of insuring SMEs are clear: new dynamic forces in commercial insurance induced by the COVID-19 pandemic are giving providers a unique chance to expand their portfolios further into this segment. Likewise, commercial customers have learned from the private-customer segment that complex insurance can be made simple and are raising their expectations of speed and service accordingly. Major insurers and new, capital-rich insurtechs have already recognized the potential in serving small and medium-size enterprises (SMEs) and have begun to upgrade their offerings and invest in digital-sales capabilities. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |