Brokers servicing the SME sector are missing revenue in personal accident insurance (PA), according to a survey by Groupama Insurances.
The survey of over 4,000 commercial brokers revealed only 37% of brokers actively promote PA to their clients. In the survey 61% of brokers said they believe that PA cover is difficult to sell and 72% said that businesses do not understand the value of PA cover. Neil Thunström, head of personal accident and travel at Groupama Insurances said: "The misconception amongst brokers that PA cover is difficult to sell is a worry. The reality is that it is basic asset protection. "As many businesses have cut back their workforces during the past year, a smaller team, where each member is prop...
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