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UK Employers Liability Insurance 2007
Datamonitor, April 2007, Pages: 111
Soft market conditions persisted in the UK employers liability market during 2006. This report discusses the current competitive environment of the market and its effect on GWP and profitability. It also provides forecasts for GWP and profitability up to 2011 under two different scenarios, making it essential reading for those with an interest in employers liability insurance.
Scope of this title:
Analyzes the competitive issues and prevailing trends within the employers liability market Sizes the employers liability market providing competitors GWP, market share and claims ratios data Forecasts GWP growth up to and including 2011, based on our in-house expertise and interviews with senior industry executives
Highlights of this title:
The employers liability market saw premium income drop an estimated further 7.4 per cent in 2006. This drop was the result of unabated pressure on premium rates, as some competitors continued to lower premium rates in order to increase market share and others followed suit to protect the size of their books. The competitive conditions in 2005 prevented most competitors from growing their employers liability book and this was no less true for the top 10. While three of the top 10 increased market share, only two competitors did so as the result of increases in premium income. Due to the varied and shifting needs of commercial insurance clients, independent intermediaries have long been the dominant force in distribution, accounting for around 83 per cent of premium income. This is a slight loss of market share since 2001.
Reasons to order your copy:
Gain insight into the trends and issues affecting players in the employers liability market Benchmark your company against your competitors based on current and past performances in the market. Develop your future business plans from an informed viewpoint with our GWP forecast
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