Brokers shun ‘snail mail’

Published on

postbox

Less than 2% of brokers recently surveyed wanted to receive communication from their general insurance product provider by traditional post.

The recent survey of more than 5,000 brokers conducted by Source Insurance found that most brokers favoured method of contact was by telephone (52%) followed by electronic communication (48%) with face-to-face coming in third at 36%.

The survey also asked brokers to highlight their reasons for recommending a particular GI product. Perhaps surprisingly competitiveness of premium came first at 63%, with service levels coming second at 52%.

Claims experience was a serious consideration at 35% indicating that brokers are mindful of the appropriateness of the cover they are putting in place for their clients.

In addition, Source Insurance found the survey highlighted more brokers are now willing to consider commercial insurance (45%) than ever before.

Rob Rushton, head of sales and marketing for Source Insurance, said: “We conduct regular surveys with our brokers to make sure we are providing the right products and services. These latest results demonstrate that the brokers are becoming more conscious of the need for quality cover as well as competitiveness of premium and wanting to do their bit to save the rain forests.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Skipton to cut residential rates and revive three-year fixes

Skipton Building Society is cutting rates across parts of its residential mortgage range from...

The Leek lowers mortgage rates across residential and specialist products

Leek Building Society is cutting mortgage rates across parts of its residential, shared ownership,...

Fleet Mortgages adds two-year tracker products to buy-to-let range

Fleet Mortgages has launched three new two-year tracker mortgages at 75% loan-to-value across its...

Norton Home Loans provides remortgage on PRC home in Southampton

Norton Home Loans has completed a £218,000 remortgage for joint applicants in Southampton, allowing...

Scotland attracts rising interest from GCC property buyers

Scotland is becoming an increasingly popular destination for Gulf buyers looking at UK property,...

Latest publication

Other news

Skipton to cut residential rates and revive three-year fixes

Skipton Building Society is cutting rates across parts of its residential mortgage range from...

The Leek lowers mortgage rates across residential and specialist products

Leek Building Society is cutting mortgage rates across parts of its residential, shared ownership,...

Fleet Mortgages adds two-year tracker products to buy-to-let range

Fleet Mortgages has launched three new two-year tracker mortgages at 75% loan-to-value across its...