Brokers think home insurance sector will be more competitive in 2015
In a survey of brokers working in personal lines, more than half said the biggest threat to growth will be growing competition from other brokers and direct insurers in 2015, according to research by LV Broker.
The results of the survey showed that home insurance premiums fell by around 5% across the market in the past year as many insurers sought to grow their share of the market to make up for less
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