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Uk Personal General Insurance 2007
Datamonitor, Dec 2007, Pages: 130
Introduction
The report analyzes the performance of the personal general insurance sector, providing data on market sizes and profitability for individual accident and health, private motor, personal pecuniary loss and household. Competitor strategies and the major issues affecting the market are also analyzed. Finally, the report provides GWP forecasts for the main personal general insurance lines until 2012.
Scope
Information on premium income and underwriting profitability for the main personal insurance lines Insight into insurance advertising strategies and consumers awareness of insurance brands Analysis of key competitors performance and competitive strategies Unique growth forecasts for the major personal lines until 2012, based on primary research and in-house expertise
Highlights
In 2006, the top 10 personal lines insurers recorded varying results in terms of performance. Six of the top 10 personal lines insurers recorded a decline in GWP. These were Norwich Union, UK Insurance (UKI), Churchill, Royal & SunAlliance, Zurich and BUPA. The personal general insurance market is forecast to grow at a CAGR of 4.8% between 2007 and 2012, reaching a value of £33.1 billion in 2012. This growth will be driven by the household and pecuniary loss markets, which are forecast to record relatively strong growth during this period. Soft market conditions were evident in many general insurance lines in 2006. GWP declined in the motor, general liability and pecuniary loss sectors, and the property insurance sector only recorded slight growth. Overall, total general insurance GWP fell by 1.1%.
Reasons to Purchase
Gain insight into changing consumer purchasing behavior Access information on the performance of the market in terms of GWP and profitability Develop your future business plans with the help of Datamonitors GWP forecasts for the main personal general insurance lines
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