Optimism plummets among brokers
Insurers were even less optimistic according to the quarterly CBI/PwC Financial Services Survey.
Broker optimism experienced a sharp drop in the last quarter of 2017 according research from PwC and the CBI.
A net 22% of brokers said they were pessimistic about the overall business situation in their sector.
In the same period of 2016 the balance was in favour of optimism by 40%.
The current pessimism is also in contrast to the summer 2017 when overall brokers were upbeat but continues the trend for falling optimism which was first seen in September 2017.
Insurer optimism was more stable
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