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VERO SME INSURANCE INDEX

 Issue 2 - August 2017

SMEs Under 50 Years

In the previous issue of the Vero SME Insurance Index, it was suggested that a SME's age would have some bearing on their attitudes towards insurance. In Issue 2 we find out when the age difference becomes relevant and what some of those differences are.

Issue 2
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Attitudes & behaviours towards insurance of SMEs under 50

The highlights

  • SMEs under 50 are more confident online and more likely to use the internet to research insurance
  • SMEs under 50 are price conscious. Price of insurance is the most important concern for them
  • 65% of SMEs under 50 feel the need to have insurance, but don’t see the value out of it
  • SMEs under 50 are less likely to be satisfied and more likely to change brokers than older generations
  • SMEs under 50 are unclear on how brokers can help them.

Download all the reports

View all the customer insights from other issues of the Vero SME Insurance Index. These insights will help build a deeper understanding of commercial insurance for SMEs in New Zealand.

sme-issue1-straightcover

Issue 1 - May 2017

SME Market Landscape

Find out more

Insurance policies made for SMEs

Tradies Insurance

An insurance package built for tradies. It covers your tools, stock, vehicles, business interuption, legal liability and more.

Keep reading: when it comes to success, is bigger really best? 

A survey commissioned by Suncorp New Zealand reveals that Kiwi businesses value work life balance as much as growing their business, challenging the theory that bigger is best.

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