Market Research on General Insurance (GI) Brokers: UK
Budget: £300 – £500 GBP
The objective of this project is to do a thorough and comprehensive research into the overall size of the GI broker market in UK. The market research has to be carried out for the following:
Split by region:
1. London (inner city)
2. Outer London
3. South Coast
4. South East
5. Norwich / Chelmsford (exc. MK)
6. Bristol (including west coast)
7. Midlands (spanning to MK)
8. Manchester
9. Leeds
10. Newcastle
11. Scotland (Glasgow & Edinburgh)
12. Scotland (Dundee / Aberdeen)
13. Northern Ireland
Split by size:
1. SME – up to £5m T/o or <£10k premium
2. LMM - £5m - £10m T/O or £10k - £25k premium
3. MM - £10m - £50m T/O or £25k - £100k premium
4. UMM - £50m - £250m T/o or >£100k premium
5. Above £300m t/o or >£1m premium
We would like the above at total level and broken down by the regions above (or as close to as possible).
Breakdown of broker premium split by into:
1. Global
2. Large national
3. Large regional (above £20m GWP)
4. Regional (£10 - £20m GWP)
5. Sub £10m GWP.
We would like the above broken down by the regions above as well(or as close to as possible).
We would like the following insights at a total level:
1. The capital coming into the broker market.
2. Trends observed over the last 3 years.
3. Trends expected over the next 3 years.
4. The amount of broker expected to raise additional or new capital over the next 3 years.
5. The rising costs across brokers.
6. How has the market conditions and PE impacted broker earning from the last 3 years?
7. How will the market conditions and PE impact broker earning expected over the next 3 years?
Additionally, we would also like to know more about the MGA market in UK:
1. Size of the MGA market
2. Trends on capacity in the MGA market
3. How is this expected to evolve over the next 3 years.
This is an urgent task and the person who takes it up would have to finish the project off, at least by EOD this Thursday (10/10/24).
Split by region:
1. London (inner city)
2. Outer London
3. South Coast
4. South East
5. Norwich / Chelmsford (exc. MK)
6. Bristol (including west coast)
7. Midlands (spanning to MK)
8. Manchester
9. Leeds
10. Newcastle
11. Scotland (Glasgow & Edinburgh)
12. Scotland (Dundee / Aberdeen)
13. Northern Ireland
Split by size:
1. SME – up to £5m T/o or <£10k premium
2. LMM - £5m - £10m T/O or £10k - £25k premium
3. MM - £10m - £50m T/O or £25k - £100k premium
4. UMM - £50m - £250m T/o or >£100k premium
5. Above £300m t/o or >£1m premium
We would like the above at total level and broken down by the regions above (or as close to as possible).
Breakdown of broker premium split by into:
1. Global
2. Large national
3. Large regional (above £20m GWP)
4. Regional (£10 - £20m GWP)
5. Sub £10m GWP.
We would like the above broken down by the regions above as well(or as close to as possible).
We would like the following insights at a total level:
1. The capital coming into the broker market.
2. Trends observed over the last 3 years.
3. Trends expected over the next 3 years.
4. The amount of broker expected to raise additional or new capital over the next 3 years.
5. The rising costs across brokers.
6. How has the market conditions and PE impacted broker earning from the last 3 years?
7. How will the market conditions and PE impact broker earning expected over the next 3 years?
Additionally, we would also like to know more about the MGA market in UK:
1. Size of the MGA market
2. Trends on capacity in the MGA market
3. How is this expected to evolve over the next 3 years.
This is an urgent task and the person who takes it up would have to finish the project off, at least by EOD this Thursday (10/10/24).