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United Kingdom Insurance Report 2014

  • ID: 2710921
  • December 2013
  • Region: United Kingdom, Great Britain
  • 91 pages
  • Business Monitor International
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FEATURED COMPANIES

  • ACE Group
  • Ageas
  • Catlin Group
  • Old Mutual Group
  • Prudential plc
  • RSA
  • MORE

BMI View: As of late 2013, both the non-life (re)insurers and the life companies are proactively working to boost profits (and, in many cases, premiums) in a global economic and financial environment that remains quite challenging.

Key Insights And Key Risks

Strategies vary from company to company but, as is apparent from their latest published results, include:
acquisitions; development of new products; development of new channels (and, in particular, affinity marketing); realignment of portfolios, even if this means that premium growth is curtailed in the short-term;
divestments of non-core businesses; and, even greater discipline in underwriting.

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

  • ACE Group
  • Ageas
  • Catlin Group
  • Old Mutual Group
  • Prudential plc
  • RSA
  • MORE

BMI Industry View 7
Table: Total Premiums 2010-2017 8

SWOT 9

Insurance 9

Political 12

Economic 14

Business Environment 15

Industry Forecast 16

Life 16
Table: Total Life Premiums, 2010-2017 16

Non Life 17
Table: Total Non Life Premiums, 2010-2017 18

Industry Risk Reward Ratings 19

United Kingdom Insurance Risk/Reward Ratings 19
Table: United Kingdom's Insurance Risk/Reward Ratings 19

Developed States Insurance Risk/Reward Ratings 21
Table: Developed States Insurance Risk/Reward Ratings 21

Market Overview 22

Life Sector Update 22

Non Life Sector Update 24

Industry Trends and Developments 25

Life Growth Drivers and Risk Management Projections 25
Table: Insurance Key Drivers, Demographics 2010-2017 25

Non Life Growth Drivers and Risk Management Projections 27

Macroeconomic 27

Spontaneous Growth Surge Forces Up GDP Forecasts 27
Table: United Kingdom - Economic Activity 29

Political Outlook 29

Domestic Politics - Party Conference Season Kick Starts Race For 2015 29
Table: Table: Europe Regional Security Ratings (scores out of 100, with 100 the best) 34

Healthcare Sector 35

Healthcare Reforms 36

Healthcare Funding 37

Healthcare IT 38

Health Insurance 39

Epidemiology 40
Table: Insurance Key Drivers, Disease Adjusted Life Years 2010-2017 41

Autos 42
Table: Insurance Key Drivers, Autos 2010-2017 43

Competitive Landscape 45

Company Profile 49

Ageas 49

Old Mutual Group 53

Prudential plc 59

RSA 62

Standard Life 65

ACE Group 68

Catlin Group 72

XL Group 75

Regional Overview 78

Developed States Life Sector Overview 78
Table: Developed States Life Premiums, 2010-2017 78

Developed States Non Life Sector Overview 80
Table: Developed States Non Life Premiums, 2010-2017 (US$mn) 80

Demographic Forecast 82
Table: The United Kingdom's Population By Age Group, 1990-2020 ('000) 83
Table: The United Kingdom's Population By Age Group, 1990-2020 (% of total) 84
Table: The United Kingdom's Key Population Ratios, 1990-2020 85
Table: The United Kingdom's Rural And Urban Population, 1990-2020 85

Methodology 86

Industry Forecast Methodology 86

Risk/Reward Rating Methodology 89
Table: Insurance Risk/Reward Ratings Indicators 90
Table: Weighting Of Indicators 91

Note: Product cover images may vary from those shown
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Ageas
Old Mutual Group
Prudential plc
RSA
Standard Life
ACE Group
Catlin Group
XL Group

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

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  • Prudential Financial, Inc.
  • General Reinsurance Corporation
  • ING Group