Intermediated Commercial Insurance Sales Triple in 12 months to June 2019

19 August 2019

19th August 2019: General insurance provider, Berkeley Alexander, has reported an almost three fold increase in Commercial Insurance sales via intermediaries in the 12 months to July 2019, with an increase of 184%. The increase is a third more than was projected earlier in the year.

Mark Hutchings, Managing Director at Berkeley Alexander commented: “Commercial insurance opportunities have clearly witnessed growth in the market. A combination of economic headwinds and commercial uncertainties combined with increasing risk exposures for businesses today, have in large part driven this growth, alongside Mortgage Brokers and Advisers recognising the opportunities within their client bank.

“At Berkeley Alexander, we have invested in the commercial insurance opportunity, appointing a dedicated commercial lines Business Development Manager to work alongside mortgage brokers and advisers to help them maximise income opportunities from commercial insurance across their portfolio. In addition, we have expanded our sales desk by 25% so far this year and continue to look to recruit additional sales staff.”

Berkeley Alexander has also seen strong growth in our other product areas with new business sales up 116% across the board, compared to 2018.

Mark continues: “We are delighted to report these results. There has been a clear up swing in Commercial sales in particular which is indicative of the economic environment as well as our business development growth strategy. As always, we will not stop here – we will continue to invest further across all areas of our business, as well as looking at other products to meet evolving client demands, and to ensure we continue to be the adviser’s general insurance provider of choice.”