General insurer Select and Protect asked over 4,000 UK mortgage intermediaries the question ‘how confident are you about the future of your business’, and 97% said they were confident with 37% saying extremely confident.
The insurer said the survey aimed to take the industry’s pulse in light of the new regulations surrounding the sale of mortgages, and how selling general insurance products fitted into their daily business.
When it comes to general insurance product sales, 79% said it was important to the overall income of their business. Almost half offer them to clients every time they arranged a mortgage.
Bruce Reid, distribution director at Select & Protect: “Despite having to cope with extensive new regulation in the midst of an increasingly buoyant marketplace, it appears that intermediaries have risen to the challenge as they always do.
“It’s really encouraging to see the level of confidence they have about their businesses for 2015 and how integral general insurance is to their overall service offering to their customers.”
The top three general insurance products intermediaries currently offer to clients are buildings & contents (96%), income protection (77%) and landlord insurance (76%).
