Tuesday, 22 April 2008
How much further growth do you think there is (in the legal expenses market) in the next 10 to 20 years?
Paul Asplin writes...
is still achieving strong rates of growth – our premium income after commission rose by 20% in 2007. Although it will be difficult to maintain such rapid growth year on year, we still believe that there is a long way to go before the legal expenses insurance market is saturated. Certain sectors in particular still offer major opportunities and these include commercial legal protection for businesses and of course the After the Event market, although this will ultimately depend upon the Government. There are other specialist sectors in the market which are emerging as strong growth areas and taking everything into account I see continued and significant growth for the market for the foreseeable future.