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UK Commercial Liability Insurance 2004
Datamonitor, April 2004, Pages: 268
Introduction
This report focuses on the employers’ liability, professional indemnity and directors’ and officers’ sectors of the UK liability insurance market. The report assesses market size, profitability and company data, including market shares, premium income and ratio analysis. Two B2B surveys provide key insight into the views of commercial brokers and clients operating in the liability arena.
Scope
Reveals the size and growth trends in the employers liability, professional indemnity and directors and officers markets
Considers the key market issues on the basis of thorough primary research and determines their impact on future market prospects
Highlights the opinions and experiences of SMEs and commercial liability brokers through two exclusive surveys
Considers the importance of the Lloyds market and the major competitive issues likely to influence premium growth and profitability going forward
Report Highlights
The employers liability market experienced a 45 per cent escalation in premium income in 2002 and swung deeper into the red than in any of the three preceding years. Substantial rate rises continued to be implemented as insurers struggled to meet the spiraling cost of claims.
Average rate rises in the professional indemnity market were 25-30 per cent in 2003 as underwriters attempted to make up for years of capacity shortage, claims inflation, weak investment income, poor underwriting performance and increases in reinsurance costs. The market is experiencing an expansion in capacity and a number of new entrants.
The directors and officers market is going through a significant growth phase as ever increasing scrutiny is placed on corporate governance practices. Hard market conditions have taken the place of the long, soft phase between 1995 and 2000 and volatility remains an inherent feature of this insurance class.
Reasons to Purchase
Sizes three key sectors within the liability market and provides detailed competitive analysis
Considers the opinions and experiences of SMEs and brokers through two exclusive Datamonitor surveys to enable you to more precisely meet their needs
Forecasts premium income and prospects for profitability to 2008 to help you understand areas of future market growth
Customers who bought this item also bought
UK Employers Liability Insurance 2007
UK Employers' Liability Insurance 2008
UK Employers' Liability Insurance 2009
UK Commercial Liability Insurance 2005
UK Professional Indemnity Insurance 2008
UK Commercial Liability Insurance 2003
UK Professional Indemnity Insurance 2007
UK Commercial Liability Insurance 2006
Claims Management in UK General Insurance 2007
UK Directors and Officers Insurance 2007
Claims Management in UK General Insurance 2006
Claims Management in UK General Insurance 2009
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