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UK Personal General Insurance 2011
Datamonitor, Oct 2011, Pages: 70
This report provides a detailed analysis of the UK personal general insurance market, including industry metrics such as GWP, combined operating ratio (COR), and distribution figures. The report starts with an overview of the UK general insurance market as well as the performance of the top 20 personal insurers in the UK. Forecasts for GWP are provided for each personal insurance line up to 2015.
Scope:
- Data on the size, structure and profitability of the total non-life market and the personal lines sector.
- Insight into the different methods of distributing personal lines insurance products and the changes in the landscape.
- Analysis of the total premiums and market share for the largest personal lines insurance groups.
Highlights:
- Underwriting cycles are visible in the insurance industry, and take place over the course of several years. The progression of these cycles is visible in the CORs shown in Figure 1 below, between 1988 and 1994 and 1994 and 2004, as well as in the total market underwriting profit/loss progressions.
- Direct insurers lost 2% of the personal lines insurance market and now account for 31% of the market. Brokers have grown their share of the personal insurance market for the sixth successive year.
- The total personal insurance market grew by 8.4% in 2010, although COR is still above profitable levels.
Reasons to buy:
- How have the various forms of personal insurance been performing in terms of GWP and profitability?
- Which insurers hold the highest GWP and advertising spend?
- How should my insurance company be structuring their personal lines policy book?
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