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Introduction
This report provides a detailed overview of the UKgeneralinsurance market with a specific focus on the commercial lines market. It provides the latest market sizes, profitability
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insurance makes up the majority of UKgeneralinsurance GWP
-Profitability declined in the commercialinsurance market in 2010
?The commercial lines COR increased to 113.0%, net of reserve releases
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market and its sub-sectors
- Underwriting data for the accident and health, commercial property, general liability, pecuniary loss and commercial motor insurance markets
Highlights of this title
The UK
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taking place within the UKcommercialgeneralinsurance market. Finally, GWP forecasts are presented for the main sectors of the commercialinsurance market.
Scope
- Data on GWP growth and underwriting
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Facts UK-7
2. Structure of the UKInsurance Market UK-8
General & Long Term Insurance - A Unique Market Split UK-8
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Insurance
MARKET TRENDS
The Current Climate for CommercialInsuranceInsurance and the Small Business
GeneralInsurers’ Reserves
Table 5.1: UKGeneralInsurers’ Total Free Reserves (£m and %), 2004
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fortunes of UK enterprises and the generally more settled idea of what SMEs want from their insurance provider.
Your key questions answered
- How likely are SMEs to change insurance provider and for what
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commercial risks like those of large corporations.
In 2008, the UKinsurance market witnessed a sharp decline in revenues on account of the global economic environment. Motor and property insurance
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the Market’s Growth? EU-1
European Insurance Industry Records Growth EU-1
UK Leads the Way EU-1
2004
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.3% of the UKgeneralinsurance market in 2010
-Figure: Profit margins declined slightly for the total generalinsurance market in
-Figure: The commercialinsurance COR worsened notably in 2010
-Figure
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general agents and broker consolidation in the UKcommercialinsurance market.
Highlights
The results indicate that SMEs are increasingly open to purchasing cover online fuelling an increase in insurance
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- ERGO Versicherungsgruppe AG
- Fortis
- General Mills Inc.
- HCC Insurance Holdings Inc.
- Highway Insurance Company
- Hiscox Ltd
- Hutchison 3G UK Limited
- Lloyd's of London
- Loews Corporation
- Markel
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accounted for the lowest total expense ratio but also the highest COR
?Co-operative posted the highest expense ratio of the top 10 private motor insurersUKCOMMERCIAL MOTOR PERFORMANCE RATIOS ANALYSIS
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premium
?Net premium
?Written premium
•Sources
•Further reading
•Ask the analyst
•Disclaimer
TABLES
•Table: Top five UKgeneralinsurance providers' premium performance (£m), Q3
•Table: Top five UK
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%
APPENDIX
Definitions
Premium income measures
Distribution
Definitions of general terms
Methodology
UKInsurance Broker Survey
Datamonitor’s SME Insurance survey Q4
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of the market share of different channels in the UKcommercialinsurance space.
Highlights of this title
SMEs have been generally loyal to their commercialinsurance providers, most commonly maintaining
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to regional non-life insurance markets such as the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, Rest of Europe), select countries of Asia-Pacific, Middle East & Africa