• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Motor Insurance (Consumer) Market Report 2014 Product Image

Motor Insurance (Consumer) Market Report 2014

  • ID: 2885276
  • March 2014
  • Region: United Kingdom
  • 235 Pages
  • Key Note Publications Ltd
With the number of cars and licences in issue increasing, and given that motor insurance is compulsory, it is clear to see why motor insurance forms the largest proportion of the UK’s general insurance sector, as well as being its backbone.

FEATURED COMPANIES

  • Admiral Group Plc
  • Ageas Insurance Ltd
  • Allianz Insurance Plc
  • Aviva Plc
  • Axa Insurance Uk Plc
  • Comparethemarket.Com
  • MORE

This Market Report covers the UK market for motor insurance, focusing on the consumer market; motor insurance for commercial vehicles is discussed in a separate report examining the wider commercial insurance sector as a whole. This publication will analyse the size of the market in terms of net written premiums (divided into comprehensive, non-comprehensive and motorcycle insurance) for the 5-year period between 2009 and 2013, as well as discussing future projections of the market until 2018. This report will also examine net claims incurred.

The recent trends in the number of vehicles (cars and motorcycles) on British roads increased by 2.9% between 2009 and 2013, while the number of full driving licences in issue increased by 0.7% between 2012 and 2013. This means that, in 2013, over three-quarters of the population of Great Britain aged 17 and over are in possession of a driving licence.

With the number of cars and licences in issue increasing, and given that motor insurance is compulsory, it is clear to see why motor insurance forms the largest proportion of the UK's general insurance sector, as well as being its backbone. Consumer motor insurance consistently makes READ MORE >

With the number of cars and licences in issue increasing, and given that motor insurance is compulsory, it is clear to see why motor insurance forms the largest proportion of the UK’s general insurance sector, as well as being its backbone.

FEATURED COMPANIES

  • Admiral Group Plc
  • Ageas Insurance Ltd
  • Allianz Insurance Plc
  • Aviva Plc
  • Axa Insurance Uk Plc
  • Comparethemarket.Com
  • MORE

Foreword

Executive Summary

Market Definition

REPORT COVERAGE AND DEFINITIONS
Association of British Insurers

MARKET TRENDS
Number of Private Motor Vehicles in the UK
Number of Licensed Drivers
Quarterly Average Comprehensive Motor Premiums Down
Rapid Growth in Importance of Internet and Price Comparison
The General Insurance Sector

ECONOMIC TRENDS

MARKET POSITION
The UK
Overseas

Market Size

NET WRITTEN PREMIUMS
By Market Sector

NET CLAIMS INCURRED

OVERSEAS TRADE

Industry Background

RECENT HISTORY

NUMBER OF COMPANIES

EMPLOYMENT

REGIONAL VARIATIONS IN THE MARKETPLACE

DISTRIBUTION

HOW ROBUST IS THE MARKET?

LEGISLATION

KEY TRADE ASSOCIATIONS
Association of British Insurers
British Insurance Brokers' Association
Institute and Faculty of Actuaries
International Underwriting Association
London and International Insurance Brokers' Association

Competitor Analysis

THE MARKETPLACE

MARKET LEADERS
Admiral Group PLC
Ageas Insurance Ltd
Allianz Insurance PLC
Aviva PLC
AXA Insurance UK PLC
CIS General Insurance Ltd
Direct Line Insurance Group PLC
Esure Group PLC
Liverpool Victoria Insurance Company Ltd
The National Farmers Union Mutual Insurance Society Ltd
RSA Insurance Group PLC

OUTSIDE SUPPLIERS
CompareTheMarket.com
Confused.com
GoCompare.com Ltd
MoneySupermarket.com Group PLC

MAIN MEDIA ADVERTISING EXPENDITURE
Car Insurance
Other Motor Insurance
Price Comparison Websites (Motor)

Strengths, Weaknesses, Opportunities and Threats

STRENGTHS

WEAKNESSES

OPPORTUNITIES

THREATS

Buying Behaviour

CONSUMER PENETRATION
Method of Purchasing

HOUSEHOLD EXPENDITURE
By Income

CONSUMER DYNAMICS
General Insurance Products
Attitudes Towards Price of General Insurance
Awareness of Rights and Attitudes Regarding Insurance Contracts
Motor Insurance

Current Issues

SEVERE WEATHER EVENTS
Budget

NUMBER OF ROAD CASUALTIES

COMPETITION COMMISSION'S INVESTIGATION OF THE MARKET

YOUNG DRIVERS

LEGISLATIVE CHANGES
Legal Services Act
Civil Justice and Personal Injury Reforms
The Legal Aid, Sentencing and Punishment of Offenders Act
Directive/113/EC - The EU Gender Directive
Solvency II
Continuous Insurance Enforcement Scheme
The Consumer Insurance (Disclosure and Representations) Act

MYLICENCE

GHOST BROKING

CAMPAIGNS FOR BETTER CAR, ROAD AND DRIVER SAFETY FEATURES
Dashboard Cameras
Telematics: Pay How You Drive Insurance

CORPORATE ACTIVITY
Legal and General Enters Personal Lines Motor Insurance Sector

THE ENVIRONMENT
Hybrids

OIL PRICES UNDERGO DOWNWARD CORRECTION

The Global Market

TOTAL MARKET SIZE
The World's Largest Non-Life Insurance Markets

BRIEF OVERVIEW OF GLOBAL ECONOMIC CONDITIONS

THE STATE OF THE NON-LIFE INSURANCE MARKET
North America
Western Europe
Advanced Asian Economies
Oceania
Emerging Markets

CLAIMS FROM MAJOR GLOBAL CATASTROPHES IN

Forecasts

ECONOMIC FORECASTS

FORECASTS TO

MARKET GROWTH

FUTURE TRENDS
Are Falling Premiums Sustainable?
Autonomous Cars and Other Technological Revolutions to Improve Vehicle Safety
Alternative Fuels

Company Profiles

INTRODUCTION

DEFINITIONS
Turnover (Sales)
Pre-Tax Profit
Profit Margin
Average Remuneration
Sales per Employee

FURTHER INFORMATION

ADMIRAL GROUP PLC
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Codes
Structure
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios

AGEAS INSURANCE LTD
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Code
Structure
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios

ALLIANZ INSURANCE PLC
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Code
Structure
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios

AVIVA PLC
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Codes
Structure
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios

AXA INSURANCE UK PLC
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Code
Structure
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios

DIRECT LINE INSURANCE GROUP PLC
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Code
Structure
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios

ESURE GROUP PLC
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Code
Structure
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios

LIVERPOOL VICTORIA INSURANCE COMPANY LTD
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Code
Structure
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios

NATIONAL FARMERS UNION MUTUAL INSURANCE SOCIETY LTD (THE)
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Codes
Structure
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios

RSA INSURANCE GROUP PLC
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Code
Structure
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios

Further Sources
Associations
Publications
General Sources
Government Publications
Other Sources

Understanding Consumer Survey Data
Number, Profile, Penetration
Social Grade
Standard Region

With the number of cars and licences in issue increasing, and given that motor insurance is compulsory, it is clear to see why motor insurance forms the largest proportion of the UK’s general insurance sector, as well as being its backbone.

- Admiral Group Plc
- Ageas Insurance Ltd
- Allianz Insurance Plc
- Aviva Plc
- Axa Insurance Uk Plc
- Comparethemarket.Com
- Confused.Com
- Direct Line Insurance Group Plc
- Esure Group Plc
- Gocompare.Com Ltd
- Liverpool Victoria Insurance Company Ltd
- Moneysupermarket.Com Group Plc
- National Farmers Union Mutual Insurance Society Ltd (The)
- RSA Insurance Group Plc

Note: Product cover images may vary from those shown

RELATED PRODUCTS

Our Clients

Our clients' logos