Dear
Members and Friends
It is a pleasure to bring you a
message from your fellow member
QBE Insurance: something for all
businesses to think about
especially SMEs.
Have a
great week ahead.
Best regards
Victor Mills
Chief Executive
___________________________________________________________________
COVID-19 continues to have a
profound impact on businesses
everywhere and especially on
SMEs.
The key messages
from a QBE Insurance survey of
local SMEs are:-
• 62 per
cent of SMEs expect the economic
climate to either stay the same
or improve in the next 12
months.
• However, 81 per
cent do not expect their
business to grow in 2021.
•
Half of the SMEs will look to
the government for support to
cope of which 70 per cent
indicated financial assistance
is the most necessary form of
relief.
• 91 per cent shared
they are currently engaged in,
or intend to invest in, digital
technologies but 40 per cent
cited high costs of investment
as a barrier.
These
sentiments and concerns indicate
some of the challenges SMEs are
managing. Prudence suggests they
should not neglect thinking
about specialised business
insurance and protection.
Read more
here. |
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