SME

Question 1

What does SME stand for?

Answer 1

Small to medium enterprises

Question 2

How much insurance premium does SME usually write up?

Answer 2

£10,000

Question 3

How much does SME turn over?

Answer 3

£25 million

Question 4

What percentage of businesses are SME?

Answer 4

99%

Question 5

How much is the SME market worth?

Answer 5

£2 Trillion

Question 6

How many SME businesses were there in 2018?

Answer 6

5.7 million

Question 7

How does SME trade?

Answer 7

Electronic trading (e-trade) - everything is quoted and purchased online through a system called Acturis

Question 8

How do Non SME businesses trade?

Answer 8

Manually- Motor fleet team, underwriting support teams