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UK Commercial Motor Insurance 2010
Datamonitor, Sep 2010, Pages: 62
Introduction
The report is an invaluable guide to the UK commercial motor insurance market, providing insight into competitor strategies, profitability and performance as well as overall market growth and trends. It examines trends in distribution and identifies the key drivers behind claims inflation. The report also provides forecasts for the size and profitability of the market up to 2014.
Features and benefits
Information on the market size and structure.
Insight into the effects of the recession on the market, including the major changes to the competitor rankings.
Detailed market growth and profitability forecasts based on The in-house model and expertise
Highlights
Conditions remained tough in the commercial motor insurance market from a margin perspective in 2009 with insurers recording an aggregate accident year COR of 113.6%.
NFU Mutual and LV both grew premiums by approximately a fifth whilst motor trade specialist Tradex grew by over a third.
Your key questions answered
What was the market level combined ratio in 2009?
Which of your competitors increased premiums?
How will premiums and the combined ratio develop over the next five years?
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