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UK Commercial General Insurance 2011
Datamonitor, Oct 2011, Pages: 69
This report provides a detailed analysis of the entire UK commercial insurance market. It looks at the size of the market, growth drivers, key issues, and distribution trends. It also assesses the competitive landscape providing market share information as well as forecasts the total market GWP up to and including 2015.
Scope:
- An examination of overall market size, growth and profitability over the last several years
- Analysis of premium, claims, and product growth using a range of primary and secondary data.
- Forecasts of the market’s GWP growth until 2015, based on primary interview, secondary research and in-house expertise
Highlights:
- The UK insurance market has seen substantial increases across the board, with A&H GWP increasing by 9.5% on 2009 (an increase of £492m), while motor premiums increased by £1.0bn (8.1%). This strong rebound of GWP is attributable to a range of factors across the different sectors, but an underlying theme is one of a cautious return of confidence.
- The commercial lines accident year COR increased by 4.5 percentage points from 108.5% to 113.0% in 2010. However, the personal lines COR was substantially lower at 104.7%, the result of a 2.1-percentage point decrease over the same period. The reduction in the personal lines COR was mainly driven by sustained premium increases in certain lines.
Reasons to buy:
- How has the commercial insurance market been faring recently and what are the major factors that are affecting GWP?
- What is the size and profitability of the total market, and how is this expected to change in the future?
- Where will market growth come from and how will economic and regulatory changes affect future profits?
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