The changing profile of the SME
In 1971, the Bolton Report described the UK small firm sector as "extremely large and remarkably heterogeneous". Fast forward to 2019 and it seems this description is still as relevant as it was nearly 50 years ago. However, the 1971 Report also described the SME sector as being "in jeopardy" and forecast a decline in the market. With nearly 5.7m SMEs operating in the UK, comprising 99.9% of all businesses, it seems fair to say this prediction has not been realised.
However, the profile of the SME has changed significantly, as has the external environment it operates within. The 1970s was a world without internet; the UK was joining rather than leaving the EU, and the right to request flexible working was still thirty years in the future. The modern SME has had to adapt to such changes, which have inevitably brought opportunities, risks and challenges.
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Allianz Insurance is one of the largest general insurers in the UK and part of the Allianz Group, a leading integrated financial services provider and the largest property and casualty insurer in the world. The mission of Allianz Insurance is to be the outstanding competitor in our chosen markets by delivering products and services that our clients recommend, being a great company to work for and achieving the best combination of profit and growth. We aim to achieve this by putting the customer at the heart of everything we do.
Allianz is able to offer customers a wide range of products and services including home and motor and commercial insurance with full range of products and service for sole traders' right up to large commercial organisations. Allianz Insurance employs over 4,500 people across a network of 20 offices in the UK and the company’s Head Office is situated in Guildford, Surrey. Our heritage and financial strength help make Allianz what it is today; a safe and trusted partner. Over 40 FTSE100 companies partner with Allianz. youTalk-insurance sharing Allianz Insurance news and video
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