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Size doesn&#39t matter – life office survey

Size doesn&#39t matter when it comes to the growth of insurance firms, according to the Association of British Insurers.

According to “Firm Size and Growth in the UK Life Industry” from 31 December 1987 to 31 December 1991 smaller life insurance companies grew the fastest.

By 1992-6 the growth rate in companies large and small had evened out.

Professor Philip Hardwick at the University of Bournemouth, commissioned by the ABI to do the research, said: “it shows when the economy is booming smaller companies grow faster, whereas in recession the larger ones hold their own.”


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