Insurance Age

Broking success: Broking revolution

Mark Rigby, iRevolution

The UK motor insurance market has hit the headlines recently with Bennetts joining the Right Choice stable and shining a light on a market worth a staggering £14.2bn. All indications are showing that the market will top £15bn by 2025, despite Covid-19 causing an c8% drop in GWP over 2020 due to rate reductions, reduced claims frequency & reduced demand in the lockdowns.

In a space dominated by giants, like Direct Line and Admiral, true brokers must specialise to succeed, resulting in a breed

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