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UK General Insurance Competitor Tracker Q1
Datamonitor, June 2011, Pages: 20
Introduction
The UK General Insurance Competitor Tracker Q1 2011 reviews major developments among the leading competitors in the UK general insurance market including AXA, Aviva, RBSI, RSA and Zurich. It includes information on a range of issues including the latest financial reports, new product launches and any changes in strategy
Features and benefits
- Information on business performance, new product developments, acquisition activity, new corporate partnerships and other new trading relationships
- Insight on the following competitors: Aviva, AXA, RBSI, RSA and Zurich
Highlights
RBSI's GWP has declined by 4.1%, from £4,480m in 2009 to £4,298m in 2010, with a similar reduction in Q1 2011 GWP, falling to £1,037m from £1,090m in Q1 2010
In terms of personal lines, Axa has been utilizing Swiftcover's operational capability to develop a low-cost platform to build its direct proposition. Axa has recently launched direct motor insurance and is currently pushing its direct travel insurance products as well
In April 2011, RSA acquired Oak Underwriting, an underwriting agency that specializes in high net worth (HNW) insurance, focusing on the HNW market. This was followed in May by the purchase of Noble Marine Insurance Brokers
Your key questions answered
- Which companies are growing or contracting and any changes in strategy
- New products which your competitors are bringing to market, the main features of these products and the intended target market
- Keep abreast of the insurance company or broker acquisitions that your competitors are making
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