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Stock impact report

UK Commercial Insurance Distribution 2024: Brokers Held an 82.8% Share of the UK Commercial Insurance Market in 2023, Highlighting their Dominance of the Distribution Landscape [Yahoo! Fin...

Arthur J. Gallagher & Co. (AJG) 
Last arthur j. gallagher & co. earnings: 4/30 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.ajg.com/investor-overview
Company Research Source: Yahoo! Finance
This report discusses the distribution landscape of UK commercial insurance. Each channel is discussed in turn, with a particular focus on the broker channel, which dominates the space. Analysis of responses to the 2024 UK Commercial Insurance Broker Survey offers insight into brokers' growth and digital transformation strategies going forward. The SME market is also discussed, with due consideration given to smaller businesses and their comparatively simple insurance needs. The report finishes by providing an outlook on the future of the distribution landscape, mentioning areas for brokers to develop, growth opportunities, and upcoming insurtech companies operating in the space. Brokers held an 82.8% share of the UK commercial insurance market in 2023, highlighting their dominance of the distribution landscape. Nonetheless, this is a slight decrease from the 83.1% market share they commanded in 2022. Additionally, we expect the direct channel to have increased its share of comme Show less Read more
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