Comparison sites biggest threat to insurance brokers

A total of 62% also saw squeezed consumer incomes as a major issue, the research by MAPFRE ASSISTANCE found. However, 78% of insurance brokers said they were confident about business growth prospects in the next 12 months, with 27% ‘very confident'. Around 68% of those polled said working more closely with product providers will be crucial for insurance brokers as they look to boost profitability. A further 50% said streamlining administration and back-office functions through greater use of technology should be core. In addition, 49% believe insurance brokers should invest more ...