|
|
 |
|
Viewing report
|
|
|
|
UK Commercial General Insurance 2004
Datamonitor, Nov 2004, Pages: 387
Introduction
The UK commercial general insurance market hardened further in 2003 as insurers focused on underwriting for profitability. However, growth is expected to slow down as extra capacity comes into the market. This report looks at these issues and much more, providing a comprehensive source of information about the commercial insurance market
Scope
In-depth analysis of key segments of the commercial insurance market, including: accident & health, motor, liability, property and pecuniary loss.
Comprehensive competitor data including market shares and performance ratios for each line of business.
Market size forecasts to 2009 with assessment of the key factors driving the shape of each market.
Highlights
The UK general insurance market grew by almost 12 per cent and was worth £42.1 billion in 2003. This growth is notably slower than it was at the peak of the hard market in 2001. Growth in 2003 was largely driven by continued premium rate increases in the property and liability sectors.
Norwich Union remained the UK commercial insurance market leader in 2003, although it continued to shed unattractive risks during the year. Its market share dropped by 0.5 per cent as a result. The rationalization nevertheless paid off in terms of profitability, with its commercial lines business recording a combined operating ratio of 96 per cent.
Capacity in the commercial property market is increasing due both to new entrants and existing insurers. This is already having a slowing effect on GWP growth. Interviews with industry executives estimate that premium rates will grow on average by less than 1 per cent in 2004, with rate cuts in 2005.
Reasons to Purchase
Access a wealth of unique primary and secondary data, providing you with unrivalled insight into the direction of this volatile sector.
Understand the key issues affecting distribution and the key trends in evidence, enabling you to better plan your distribution strategies
Obtain in-depth information on your competitors performance and market shares over the cycle to enable future strategy planning with confidence
Customers who bought this item also bought
UK Personal General Insurance 2004
UK Commercial General Insurance 2003/4
UK Motor Insurance 2004/5
Performance Ratio Benchmarking of the Top UK General Insurers
UK Commercial General Insurance 2008
Competitor Profiles of the Top UK Commercial General Insurers
UK Commercial Liability Insurance 2003
UK Employers' Liability Insurance 2008
HBOS: UK Personal General Insurance Competitor Profile 2006
UK Household Insurance 2006
UK Commercial General Insurance 2002
UK Personal General Insurance 2008
|
|
|
|
