‘These findings reaffirm what we hear from our broker partners every day – non-standard is where opportunity lies,’ says managing director
Many segments of the non-standard home and motor markets are set to see strong growth due to a surge in demand from brokers.
This was according to Prestige Underwriting’s latest broker survey, which polled 99 brokers involved in the non-standard markets between 3 February 2025 and 3 March 2025.
The highest rated segment was unoccupied homes, with some 75% of respondents rating it as a key growth area, up from 55% the year before.
Homes at risk of flooding and thatched properties also saw an increase in attention, climbing from 55% to 65% and 12% to 17% respectively.
In the motor market, meanwhile, high performance vehicles proved the segment with the highest growth potential, with 36% of respondents rating it as a key growth area, up from 32% the previous year.
’Non-standard is where opportunity lies’
Alison Williams, managing director at Prestige Underwriting, said the findings “reaffirm what we hear from our broker partners every day – non-standard is where opportunity lies”.
Read: Signs of softening market in mixed bag results of broker schemes earnings
Read: Earnings from broker schemes rise as hard market cycle persists
Explore more broker related content here, or discover other news stories here
She added: “Whether it’s unoccupied homes, high performance cars or homes at flood risk, brokers are looking for dependable, specialist solutions that meet evolving client needs.
“At Prestige Underwriting, we take that insight seriously. That’s why we were the first MGA to back Flood Re’s Build Back Better initiative and why we’ve developed innovative products like our short-term unoccupied property insurance.
“Both are designed to help brokers respond with confidence in a market that evolves at pace.”
No comments yet