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UK Commercial General Insurance 2010
Datamonitor, Nov 2010, Pages: 66
Introduction
This report provides a detailed overview of the UK general insurance market with a specific focus on the commercial lines market. It provides the latest market sizes, profitability ratios, investment returns, competitive developments and analysis of the current distribution landscape along with forecasts for the total market up to 2014.
Features and benefits
Understand the latest developments in the commercial lines market based on The detailed market sizes and forecasts.
Compare how insurers are responding to poor profitability and declining margins.
Identify which commercial lines of business return the highest profits by reading into the 2009 profitability ratios.
Highlights
2009 was a better year for the commercial lines market, which returned to growth and saw an improvement in profitability.
Over the past four years the commercial motor, commercial property, and commercial liability markets have all consistently released reserves. For example, over the period 2006–09 the commercial motor market released a total of £1.1bn in reserves in order to improve the reported year results.
The UK commercial general insurance market is expected to grow during each year of the forecast period. There will be slow growth in the liability and commercial property markets during the early stages of the forecast depending on the speed of economic recovery. However, the commercial motor market will exhibit strong growth as prices harden.
Your key questions answered
Are there growth and profits to be made within the commercial lines market?
Are insurers targeting any specific market segment?
Who typically sells commercial insurance?
How are reserve releases affecting the market?
What will happen to commercial motor, property, liability and pecuniary loss markets in the future?
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