Direct Commercial Limited (DCL) has reported a rise in broker confidence regarding growth in the commercial motor fleet market, according to its third broker barometer.
The survey shows that 96% of brokers expect market growth in the next year, an increase from 90% in September 2023.
Despite this optimism, 56% of brokers indicated challenges in securing coverage for smaller fleets over the past quarter. This figure reflects a slight improvement from 60% earlier in the year, suggesting ongoing but easing difficulties in this segment.
Rated capacity remains a key consideration for brokers, with 50% viewing it as critical to their business operations and an additional 19% considering it important.
DCL said that it continues to focus on the commercial motor market by providing solutions tailored to brokers’ changing requirements.
The company highlighted one of its primary offerings, the Haul In One product, which is supported by A-rated capacity. The Haul In One portal delivers an insurance solution for smaller commercial fleets, allowing up to ten vehicles to be covered under a single policy.
Joe Hantson (pictured above), deputy CEO of Direct Commercial, stated that the survey results confirm brokers' strong confidence in the commercial motor fleet market’s growth.
“Direct Commercial is proud to be at the forefront of this sector, providing innovative solutions like Haul In One to address brokers’ needs. By combining dependable, rated capacity with exceptional support, we are well-positioned to help our broker partners thrive in a dynamic and competitive market,” Hantson said.
Last year, the firm launched a series of regional claims clinics, marking a significant step in its ongoing efforts to enhance engagement with brokers.
The initiative, focusing on commercial motor claims, is part of Direct Commercial’s strategy to strengthen its relationships with brokers and claims handlers across the country.
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