This brief analyzes the loss, expense and combined ratios of the UK private and commercial motor markets at an industry level as well as the performance ratios for the top 10 private and commercial motor insurers respectively. The expense ratio is examined and broken down by its component parts: commission, administrative and other acquisition expenses.
Scope
- Key performance measures for the top 10 UK private and commercial motor insurers in 2008.
- Insight into the underwriting profitability of the top 10 UK private and commercial motor insurers.
Highlights of this title
The average fee charged by an aggregator for a motor sale has increased over the last 12 months as has aggregators' share of new business sales. These two factors will place an upward pressure on commission ratios.
It is notable that the commission ratio has been increasing since 2006, from 8.6% to 11.2% in 2008 which is due to the soft market conditions.
Key reasons to purchase this title
- Gain insight into the reasons for different cost structures held by insurers.
- Benchmark your performance ratios against those of major competitors.
- Identify which motor insurers became more or less profitable in 2008.
