0.25 CIP Points
2024 Vero SME index shows businesses recognise broker value
Difficult economic times often present a catch 22 for small to medium-sized enterprises (SMEs) purchasing insurance. Although premium costs increase, so too does the desire for insurance and protection for their businesses. This sentiment is backed by Vero’s SME Insurance...
11 May 2026
2 mins read
Difficult economic times often present a catch 22 for small to medium-sized enterprises (SMEs) purchasing insurance. Although premium costs increase, so too does the desire for insurance and protection for their businesses.
This sentiment is backed by Vero’s SME Insurance Index 2024, which draws upon a survey of insurance decision-makers at 1,500 SMEs and 250 large businesses throughout Australia.
“What we’ve seen in the last five years, even before the onset of a pandemic, was a marked increase in those who agreed that insurance gives them peace of mind,” says Anthony Pagano, head of distribution at Vero.
“We’re seeing that trend of insurance cynics becoming security seekers at the moment,” he adds.
Pagano credits a greater level of awareness and education around insurance amongst SMEs for these trends.
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