45% would branch into commercial insurance, survey finds
Two in five mortgage brokers are considering turning their hand to general insurance, according to a survey by comparison site Source Insurance.
The survey of 232 brokers found 45% would consider offering commercial insurance products, while 38% already do.
Price was the main factor the brokers considered when recommending a product. Some 63% said competitive rates were an essential consideration, compared with 35% who said claims experience was essential and 45% who wanted a financially stable insurer.
Source Insurance is an aggregator of buildings and contents, buy-to-let and mortgage payment protection insurance aimed at mortgage brokers.
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