Results from Prestige Underwriting’s Non-Standard Survey show that, across the market, 79% of brokers believe there are insufficient insurers offering capacity for non-standard business. This rises to 85% for personal lines brokers.
The survey also found that almost half of brokers (48%) felt providers were too slow in responding to new business enquiries while 91% wanted them to adopt wider risk profiles.
Tim Baxter, head of broker development and partnerships at Prestige Underwriting, said: “The results of our survey underscore a pressing need for improvement in the non-standard insurance market.”
He added: “We are committed to consistently enhancing our services, and we hope to see a collective effort from all providers to better support brokers and their clients as the non-standard market continues to expand and evolve.”
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