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Fleet Insurance and Assistance in Sweden Product Image

Fleet Insurance and Assistance in Sweden

  • ID: 2125563
  • September 2011
  • Region: Sweden
  • Finaccord

Fleet Insurance and Assistance in Sweden is about the market for and distribution of policies covering motor insurance, road assistance and GAP insurance for fleet vehicles in Sweden.

For 2007 to 2011 and with a forecast for 2015, the study breaks down the Swedish fleet vehicle parc and its motor insurance market with a unique segmentation of fleet vehicles, as follows:

Passenger cars:

- car hire firms;
- driving schools;
- motor trade;
- operating lease fleets;
- taxi and private hire firms;
- other fleets.

Commercial vehicles:

- couriers and postal services;
- motor trade;
- operating lease fleets;
- own account haulage;
- removal firms;
- road haulage;
- van and lorry hire firms;
- other fleets.

The report also identifies affinity schemes and commercial partnerships for motor insurance, road assistance and GAP insurance in Sweden set up between trade associations, leasing companies, leasing brokers, fleet management companies, and vehicle hire companies with providers of these policies. In addition, it highlights other key underwriters and brokers in this market and discusses key issues such as the use READ MORE >

Note: Product cover images may vary from those shown

0.0 EXECUTIVE SUMMARY

1.0 INTRODUCTION

What is this report about?

Motor insurance and assistance for fleets is studied by vehicle type, industry segment and distribution

Rationale

A major component of the motor insurance market is analysed to a unique level of detail...

...with the associated PartnerBASE™ dataset providing key information about competitors

Methodology

Survey of associations and fleet operating companies

Market data

Definitions

Fleet

Commercial vehicles

Haulage vehicles

Insurance buyer

Motor trade

Operating lease

Taxis and private hire vehicles

Motor insurance

GAP insurance

Operating models

Abbreviations and exchange rates

Finaccord

2.0 MARKET ANALYSIS

Introduction

Size of the car and commercial vehicle fleet market

Sweden's commercial fleet holds fairly steady through economic uncertainty...

... though the size of the bus and coach fleet may be near a plateau…

…and the growth of the lorry and heavy commercial vehicle fleet appears equally flat

Segmentation of the fleet market by type of insurance buyer

Passenger cars

In Sweden, almost all leasing companies offer insurance…

…with operational leasing firms making up the largest individual portion of the fleet insurance market

Taxi and private hire car firms show only limited growth…

…while the driving school parc is estimated to have declined slightly

Commercial vehicles

One third of commercial vehicles are part of the operational leasing parc...

…while van and lorry hire firms have posted the largest growth among commercial vehicles since 2007…

... though other sectors showed much more modest growth

Fleet insurance and assistance market size

Fleet motor insurance has recovered from its 2007 market low....

... with a sharp rise in average prices for 2010 and 2011

Passenger car fleet insurance

The high proportion of fleet cars in Sweden makes the ‘other' category exceptionally large...

…while car hire companies show the highest average annual growth rate

Commercial vehicle fleet insurance

The insurance market for fleet commercial vehicles is significantly smaller than that for passenger cars

More than half of commercial fleet premiums come from the ‘other' category

Van and lorry hire firms show strong annual growth in premiums paid

Road assistance

The road assistance market has increased since 2007 despite a period of reduced growth

Distribution partnerships for fleet insurance and assistance

60 actual or potential distributors are included in the scope of this research

Motor insurance

Only one fifth of trade associations have created a partnership for motor insurance

Norwegian bank DnB Nor holds a large segment of both operational and finance leasing markets

Road assistance

As with insurance, few associations offer roadside assistance…

... while commercial partnerships offer multiple configurations involving insurers and specialist providers

If Försäkringar has a large number of relationships for road assistance...

…while Assistancekåren and Falck alone act as nationwide roadside assistance providers

GAP insurance

Only two vehicle leasing firms offer GAP insurance

Other key insurance and assistance providers

The motor fleet market is dominated by national and regional insurers...

... while telematics are yet to breach the insurance market

Forecasts for fleet motor insurance and road assistance

Motor insurance

Rapid recovery will give way to slower increases in volume and revenue

Operating lease firms are projected to show the strongest growth in premiums among passenger cars...

... and also among fleet commercial vehicles

Road assistance

Passenger car fleets and commercial vehicle fleets should experience equal growth

LIST OF GRAPHICS / TABLES

0.0 EXECUTIVE SUMMARY

Size and segmentation of the fleet vehicle parc and of the fleet motor insurance market in Sweden 2011

1.0 INTRODUCTION

Organisations contacted by Finaccord segmented by category

2.0 MARKET ANALYSIS

Size of the fleet vehicle parc in Sweden, 2007 to 2011

Size of the fleet vehicle parc in Sweden, 2007 to 2011 (data)

Size of the passenger car fleet parc by type of insurance buyer in Sweden, 2011

Growth in the passenger car fleet parc by type of insurance buyer in Sweden, 2007 to 2011

Size of the passenger car fleet parc by type of insurance buyer in Sweden, 2007 to 2011 (data)

Size of the commercial vehicle fleet parc by type of insurance buyer in Sweden, 2011

Growth in the commercial vehicle fleet parc by type of insurance buyer in Sweden, 2007 to 2011

Size of the commercial vehicle fleet parc by type of insurance buyer in Sweden, 2007 to 2011 (data)

Size of the fleet motor insurance market and its share of the total motor insurance in Sweden, 2007 to 2011

Size of the motor insurance market segmented by fleet and non-fleet and by type of vehicles in Sweden, 2007 to 2011 (data)

Size of the passenger car fleet motor insurance market in Sweden by type of insurance buyer, 2011

Growth in the passenger car fleet motor insurance market by type of insurance buyer in Sweden, 2007 to 2011

Size of the passenger car fleet motor insurance market in Sweden by type of insurance buyer, 2007 to 2011 (data)

Size of the commercial vehicle fleet motor insurance market in Sweden by type of insurance buyer, 2011

Growth in the commercial vehicle fleet motor insurance market by type of insurance buyer in Sweden, 2007 to 2011

Size of the commercial vehicle fleet motor insurance market in Sweden by type of insurance buyer, 2007 to 2011 (data)

Size of the fleet road assistance market in Sweden, 2007 to 2011

Affinity schemes for fleet motor insurance in Sweden: provision rate and operating models among trade associations, 2011

Commercial partnerships for fleet motor insurance in Sweden: provision rate and operating models, 2011

Affinity schemes and commercial partnerships for fleet motor insurance in Sweden: broker and underwriter share of partnerships, 2011

Affinity schemes for fleet road assistance in Sweden: provision rate and operating models among trade associations, 2011

Commercial partnerships for fleet road assistance in Sweden: provision rate and operating models, 2011

Affinity schemes and commercial partnerships for fleet road assistance in Sweden: broker and assistance provider share of partnerships, 2011

Commercial partnerships for fleet GAP insurance in Sweden: provision rate and operating models, 2011

Commercial partnerships for fleet GAP insurance in Sweden: underwriter share of partnerships, 2011

Forecast change for the passenger car fleet insurance market by type of insurance buyer in Sweden, 2011 to 2015

Forecast premiums for the passenger car fleet insurance market by type of insurance buyer in Sweden, 2011 and 2015 (data)

Forecast change for the commercial vehicle fleet insurance market by type of insurance buyer in Sweden, 2011 to 2015

Forecast premiums for the commercial vehicle fleet insurance market by type of insurance buyer in Sweden, 2011 and 2015 (data)

Forecast premiums for the fleet road assistance market in Sweden, 2011 and 2015

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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