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UK Professional Indemnity Insurance 2011
Datamonitor, Nov 2011, Pages: 47
This report provides a detailed analysis of the UK professional indemnity insurance market. It discusses the relative performance of the main professions and assesses the profitability and claims experience of the whole market. The research also includes an in-depth analysis of the distribution and competitive landscape and forecasts the market size to 2015.
Scope:
- Data on the size, structure and profitability of the professional indemnity insurance market in the UK.
- Analysis of the drivers of claims and costs as well as an exploration of growth areas in the future.
- A discussion of the main factors affecting the market in the future along with forecasts of market size to 2015.
Highlights:
- There have been a number of strong entrants into the UK PI market that have been pricing aggressively in order to grow their books. The market has been attracting a range of new players due to perceptions of it being a potentially strong growth area. This meant that throughout 2010 there was a substantial amount of capacity to accept risks.
- Relative to the traditional professions it is more challenging to reach these smaller players. Underwriters with more established brand identities will have an edge when selling to individuals looking for stability after starting their own companies.
Reasons to buy:
- What are the key drivers of the professional indemnity market in 2010?
- What are your competitors doing and what are the drivers of growth in the market?
- How can my firm prepare for the future development of the market in terms of competitors, major issues and market size?
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