Brokers bear 3.9% revenue drop

UK brokers’ revenues have dropped 3.9% from 2007 to 2011, according to the latest figures from market researchers Finaccord.

Finaccord said the drop was “entirely attributable” to the soft commercial lines market.

However, the firm said: “While the fastest growth over the next four years is forecast for brokers in the less mature markets of Russia and Romania, brokers in several of the advanced markets, including Germany and the UK, now face better growth prospects than in the recent past.”