Market Research Reports - Ken Research UK Commercial Insurance Industry Future Outlook | Page 2

Large and small business insurance in UK offer quotes and cover for every type of
commercial risk and enterprise irrespective of value, size or number of employees. UK
Commercial Insurance Brokers are connected to qualified and regulated commercial
insurance experts and specialist business insurance staff who provide best service. Few types
of commercial insurance are compulsory as per UK laws. An increasing demand for
consulting firms in UK, the commercial insurance is facing a lot of challenges related to
advisory services focusing on assisting organisations in transformation brought about by
acquisitions and corporate restructurings, changes in law or regulation or interpretation. With
the introduction of technology, new distribution strategies and revolutionize commercial
insurance products in UK, the market is sure to witness a positive growth over the coming
years.
Figure: UK Insurance Industry, Segmentation
Source: Association of British Insurers, IFSL
The insurance industry in UK is the third largest in the world with over three lakh employees
accounting for one-third of the entire financial services jobs in the country. Commercial
insurance in UK is commonly known as property insurances that covers damages to the
business property. UK has 772 authorized insurance companies
To know more, click on the link below.
https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/uk-
commercial-insurance-distribution/110364-93.html
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