Brokers expect car insurance industry to grow by 14% by 2019
New research shows industry is optimistic.
Insurance intermediaries are optimistic about the sector enjoying good growth over the next three to five years, according to research seen exclusively by Insurance Age.
In a survey of 112 insurance brokers, conducted by EDM Group, one in three (35%) intermediaries said they anticipate that the sector will grow its revenue by between 5.1% and 10% over this timeframe, with a further 19% anticipating growth of between 10.1% and 15%.
Only 5% expect the sector to contract between now and 2019.
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