SME Flashcards
1
Q
What does SME stand for?
A
Small to medium enterprises
2
Q
How much insurance premium does SME usually write up?
A
£10,000
3
Q
How much does SME turn over?
A
£25 million
4
Q
What percentage of businesses are SME?
A
99%
5
Q
How much is the SME market worth?
A
£2 Trillion
6
Q
How many SME businesses were there in 2018?
A
5.7 million
7
Q
How does SME trade?
A
Electronic trading (e-trade) - everything is quoted and purchased online through a system called Acturis
8
Q
How do Non SME businesses trade?
A
Manually- Motor fleet team, underwriting support teams
