"Small But Mighty" illustration by Shaw Nielson is from the September 2021 issue of NU Property & Casualty magazine.
Small and medium-sized businesses (SMBs) tend to be reluctant purchasers of business insurance. But the pandemic highlighted the importance of business protection and may prompt smaller businesses to re-evaluate their insurance needs. This creates an opportunity for the insurance ecosystem to serve this market.
According to a KPMG International report titled "The Future of Small and Medium Business Commercial Insurance," COVID-19 has intensified the need for targeted and tailored coverage in the SMB market.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
