Ahead of the Budget on 29th October, independent research commissioned by Allianz has revealed anxiety amongst SME business leaders that the Chancellor will increase Insurance Premium Tax (IPT) from its current standard rate of 12%. 85% of the SMEs that took part in the research said they were concerned about the financial impact on their businesses if there is another rise in the rate of IPT.
Allianz's report ̒Supporting SMEs to Prosper̓ reveals the findings of an independent survey of 500 SME business leaders about the top threats and challenges facing their business.
Jeremy Trott “We acted quickly following the December 2015 floods & within 2 hours of claims coming in 95% of our customers had an appointment confirmed. We made more than 1000 visits to customers & have now settled or partially settled 96% of home & business claims. So far, we've paid £48m to those customers. In total, we provided 236 alternative homes for people to live in following the floods."
Following the announcement that Allianz will operate a single trading operation combining Commercial and Personal lines, the company has released the new division’s senior management structure responsible for leading the business strategy in its chosen markets.
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