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Small & Medium Enterprise (SME) Insurance: A £17 billion market hiding in plain sight

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Ian Harrison +2 Others

Time to read

1 minute read

Published on

The UK SME insurance market is worth roughly £17 billion. Despite small premiums, the sheer volume of SMEs generates a sizeable market, and none of it is locked into stable relationships.

This whitepaper is the first in an Alpha series on SME insurance. It examines the size of the opportunity, why the segment has stayed out of reach, the four pools of value it offers, and how artificial intelligence (AI) is changing the economics of serving it. It draws on desk research, Alpha analysis and public data.

Read the paper below to see where insurers can find growth in a soft market.

WHITEPAPER

SME insurance: A £17 billion market hiding in plain sight

Why small-business cover has been hard to crack, and why now is the time for that to change.

About the Authors

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Ian Harrison

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Seb Paisley

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James Buckley