ASSOR'S POSITION IN THE BROKERAGE MARKET
THE INSURANCE BROKERAGE MARKET
Whilst most insurance intermediaries are losing ground to the banks and direct insurers, brokerage stands out by remaining stable in its areas of the market, in the fields of property as well as life insurance.
Characteristics and opportunities in the private insurance brokerage market:
- regulation and internationalization of the business creating the need to reach a critical size,
- a cyclical business sector which fluctuates according to the economical climate,
- the need to put in place an external growth strategy combined with a niche strategy.
ASSOR WITHIN ITS MARKET
Assor’s aim: to become the leading European private wholesale insurance broker.
Through its latest acquisitions (Private Insurance Department of Gras Savoye and Assurema Distribution), Assor is clearly stating its ambition to become the leading European wholesale insurance broker.
Today, as part of its build-up strategy towards becoming a private insurance broker, the Assor group actively researches any opportunities that could play a part in its development strategy.
An asserted position: wholesale brokerage for private insurance
As a wholesale broker, Assor is the natural intermediary between companies and insurancedistributors. Thanks to a clear strategy and a dynamic network of forward thinkers, Assor has reached a significant position in the brokerage market for private insurance in France as well as in Spain and Italy. The group has also established a fully-owned subsidiary in Russia with the creation of the first insurance comparison site on the internet.
Assor Product Solutions
Assor Group strategy is based on 4 principal areas of business and operations:
-- Motor: substandard and standard risk;
-- Property: comprehensive home insurance, unoccupied property insurance and unpaid rent;
-- Motorcycles: young drivers;
-- Health & Private Pension Planning:
-- Additional products: loan insurance
Assor group: designing, distributing and managing contracts.
Assor innovates by creating new products and offers them to insurance suppliers. They are therefore negotiated jointly with total delegation. Product design is fundamental for Assor as it gives it independence from companies. This allows Assor to take advantage of the competition among insurance companies as well as to anticipate better the customer’s requirements. Its mission is to listen to the needs of individuals and the distribution networks in order to offer insurance solutions with added value to all, within the context of a real «Insurance Partner».
