Non-Life Insurance in the UK, Key Trends and Opportunities to 2020

  • ID: 4316814
  • Report
  • Region: United Kingdom, Great Britain
  • 173 pages
  • GlobalData
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FEATURED COMPANIES

  • Ageas Insurance Ltd
  • AIG Europe Ltd
  • Allianz Insurance plc
  • Aviva plc
  • Axa UK plc
  • Direct Line Group
  • MORE
The 'Non-Life Insurance in the UK, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the UK non-life insurance segment, and a comparison of the UK insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011-2015) and forecast period (2015-2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the UK economy and demographics, explains the various types of natural hazard and their impact on the UK insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary:

The 'Non-Life Insurance in the UK, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the UK non-life insurance segment, including:
  • The UK non-life segment’s detailed outlook by product category
  • A comprehensive overview of the UK economy and demographics
  • A comparison of the UK non-life insurance segment with its regional counterparts
  • The various distribution channels in the UK non-life insurance segment
  • Detailed analysis of natural hazards and their impact on the UK insurance industry
  • Details of the competitive landscape in the non-life insurance segment in the UK
  • Details of regulatory policy applicable to the UK insurance industry
Scope:

This report provides a comprehensive analysis of the non-life insurance segment in the UK:
  • It provides historical values for the UK non-life insurance segment for the report’s 2011-2015 review period, and projected figures for the 2015-2020 forecast period.
  • It offers a detailed analysis of the key categories in the UK non-life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the UK non-life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for non-life insurance products in the UK.
  • It analyzes various natural and man-made hazards and their impact on the UK insurance industry
  • It profiles the top non-life insurance companies in the UK, and outlines the key regulations affecting them.
Reasons To Buy:
  • Make strategic business decisions using in-depth historic and forecast market data related to the UK non-life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the UK non-life insurance segment.
  • Assess the competitive dynamics in the non-life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the UK insurance industry, and their impact on companies and the industry's future.
Key Highlights:
  • On June 1, 2017, the insurance premium tax (IPT) on motor, pet insurance, contents insurance, mobile, buildings and private medical insurance was raised from 10.0% to 12.0%.
  • On February 27, 2017, the UK’s Ministry of Justice announced that the Ogden (discount) rate will be reduced from 2.5% to -0.75%, effective from March 20, 2017. The rate is used to calculate the final compensation amount for personal injury claims.
  • Property insurance was the segment’s largest category during the review period.
  • By 2020, fully automated driverless cars are expected to become a reality on UK roads.
  • Brokers and direct marketing channels collectively contributed 80.7% of the segment’s direct written premium in 2015.
READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Ageas Insurance Ltd
  • AIG Europe Ltd
  • Allianz Insurance plc
  • Aviva plc
  • Axa UK plc
  • Direct Line Group
  • MORE
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
4.1 Segment Indicators
4.1.1 Gross written premium and penetration
4.1.2 Claims
4.1.3 Profitability
4.1.4 Assets and investments
5 Outlook by Category
5.1 Property Insurance
5.1.1 Product overview
5.1.2 Premium
5.1.3 Claims
5.1.4 Profitability
5.2 Motor Insurance
5.2.1 Product overview
5.2.2 Premium
5.2.3 Claims
5.2.4 Profitability
5.3 Liability Insurance
5.3.1 Product overview
5.3.2 Premium
5.3.3 Claims
5.3.4 Profitability
5.4 Marine, Aviation and Transit Insurance
5.4.1 Product overview
5.4.2 Premium
5.4.3 Claims
5.4.4 Profitability
6 Distribution Channel Outlook
6.1 Analysis by Distribution Channel
6.1.1 Brokers
6.1.2 Agencies
6.1.3 Direct marketing
6.1.4 Bancassurance
6.1.5 Other distribution channels
7 Natural and Man-Made Hazards
7.1 Flooding
7.2 Winterstorm
7.3 Man-Made Hazards
7.4 Exposure
8 Competitive Landscape
8.1 Company Profiles
8.1.1 Aviva Plc - company overview
8.1.2 Axa Plc - company overview
8.1.3 Direct Line Insurance Group plc - company overview
8.1.4 RSA Insurance Group plc - company overview
8.1.5 Zurich Insurance Group Ltd - company overview
9 Governance, Risk and Compliance
9.1 Legislation Overview and Historical Evolution
9.2 Latest Changes in Regulation
9.3 Legislation and Market Practice by Type of Insurance
9.3.1 Life insurance
9.3.2 Property insurance
9.3.3 Motor insurance
9.3.4 Liability insurance
9.3.5 Marine, aviation and transit insurance
9.3.6 Personal accident and health insurance
9.4 Compulsory Insurance
9.4.1 Employer’s liability insurance
9.4.2 Motor third-party liability insurance
9.4.3 Merchant shipping compulsory insurance
9.4.4 National Insurance Scheme
9.4.5 Professional indemnity insurance
9.4.6 Air carriers and aircraft operators insurance
9.4.7 Clinical trials liability insurance
9.4.8 Liability for ships with respect to oil pollution
9.5 Supervision and Control
9.5.1 International Association of Insurance Supervisors
9.5.2 European Insurance and Occupational Pensions Authority
9.5.3 Prudential Regulation Authority
9.5.4 Financial Conduct Authority
9.6 Non-Admitted Insurance Regulations
9.6.1 Overview
9.6.2 Intermediaries
9.6.3 Market practices
9.6.4 Fines and Penalties
9.7 Company Registration and Operations
9.7.1 Type of insurance organization
9.7.2 Establishing a local company
9.7.3 Foreign ownership
9.7.4 Types of license
9.7.5 Capital requirements
9.7.6 Solvency margin
9.7.7 Reserve requirements
9.7.8 Investment regulations
9.7.9 Statutory return requirements
9.7.10 Fee structure
9.8 Taxation
9.8.1 Insurance premium or policy taxation
9.8.2 Withholding taxes on premium paid overseas
9.8.3 Corporate tax
9.8.4 VAT
9.8.5 Captives
9.9 Legal System
9.9.1 Introduction
9.9.2 Access to court
9.9.3 Alternative dispute resolution
10 Databook
10.1 Policies and Premium
10.2 Claims and Expenses
10.3 Assets and Investments
10.4 Property Insurance
10.5 Property Insurance by Product
10.6 Motor Insurance
10.7 Liability Insurance
10.8 Marine, Aviation and Transit Insurance
11 Definitions and Methodology
11.1 Definitions
11.2 Methodology
12 About
12.1 Contact
12.2 About
12.3 Services
12.4 Disclaimer

List of Tables:
Table 1: UK Non-Life Insurance - Key Facts, 2015
Table 2: UK Non-Life Insurance - Top Insurers, 2015
Table 3: UK Government Credit Ratings
Table 4: UK Non-Life Insurance - Gross Written Premium (GBP Billion and US$ Billion), 2011-2015
Table 5: UK Non-Life Insurance - Penetration (%), 2011-2015
Table 6: UK Non-Life Insurance - Gross Written Premium (GBP Billion and US$ Billion), 2015-2020
Table 7: UK Non-Life Insurance - Penetration (%), 2015-2020
Table 8: UK Non-Life Insurance - Premium per Capita (GBP and US$), 2011-2015
Table 9: UK Non-Life Insurance - Premium per Capita (GBP and US$), 2015-2020
Table 10: UK Non-Life Insurance - Paid Claims (GBP Billion and US$ Billion), 2011-2015
Table 11: UK Non-Life Insurance - Paid Claims (GBP Billion and US$ Billion), 2015-2020
Table 12: UK Non-Life Insurance - Profitability Ratio (%), 2011-2015
Table 13: UK Non-Life Insurance - Profitability Ratio (%), 2015-2020
Table 14: UK Non-Life Insurance - Total Investment Income (GBP Billion and US$ Billion), 2011-2015
Table 15: UK Non-Life Insurance - Total Investment Income (GBP Billion and US$ Billion), 2015-2020
Table 16: UK Non-Life Insurance - Investment Portfolio (GBP Billion), 2011-2015
Table 17: UK Non-Life Insurance - Investment Portfolio (GBP Billion), 2015-2020
Table 18: UK Property Insurance - Direct Written Premium (GBP Billion), 2011-2015
Table 19: UK Property Insurance - Direct Written Premium (GBP Billion), 2015-2020
Table 20: UK Property Insurance - Paid Claims (GBP Billion and US$ Billion), 2011-2015
Table 21: UK Property Insurance - Paid Claims (GBP Billion and US$ Billion), 2015-2020
Table 22: UK Property Insurance - Loss Ratio (%), 2011-2015
Table 23: UK Property Insurance - Loss Ratio (%), 2015-2020
Table 24: UK Motor Insurance - Number of New Registered Vehicles (Thousand) in Great Britain, 2011-2016
Table 25: UK Motor Insurance - Number of New Registered Vehicles (Thousand) in the UK, 2015-2016
Table 26: UK Motor Insurance - Direct Written Premium (GBP Billion), 2011-2015
Table 27: UK Motor Insurance - Direct Written Premium (GBP Billion), 2015-2020
Table 28: UK Motor Insurance - Paid Claims (GBP Billion and US$ Billion), 2011-2015
Table 29: UK Motor Insurance - Paid Claims (GBP Billion and US$ Billion), 2015-2020
Table 30: UK Motor Insurance - Loss Ratio (%), 2011-2015
Table 31: UK Motor Insurance - Loss Ratio (%), 2015-2020
Table 32: UK Liability Insurance - Direct Written Premium (GBP Billion), 2011-2015
Table 33: UK Liability Insurance - Direct Written Premium (GBP Billion), 2015-2020
Table 34: UK Liability Insurance - Paid Claims (GBP Billion and US$ Billion), 2011-2015
Table 35: UK Liability Insurance - Paid Claims (GBP Billion and US$ Billion), 2015-2020
Table 36: UK Liability Insurance - Loss Ratio (%), 2011-2015
Table 37: UK Liability Insurance - Loss Ratio (%), 2015-2020
Table 38: UK Transport Network - Global Rankings
Table 39: UK Marine, Aviation and Transit Insurance - Transport Figures, 2011-2015
Table 40: UK Marine, Aviation and Transit Insurance - Direct Written Premium (GBP Billion), 2011-2015
Table 41: UK Marine, Aviation and Transit Insurance - Direct Written Premium (GBP Billion), 2015-2020
Table 42: UK Marine, Aviation and Transit Insurance - Paid Claims (GBP Million and US$ Billion), 2011-2015
Table 43: UK Marine, Aviation and Transit Insurance - Paid Claims (GBP Million and US$ Million), 2015-2020
Table 44: UK Marine, Aviation and Transit Insurance - Loss Ratio (%), 2011-2015
Table 45: UK Marine, Aviation and Transit Insurance - Loss Ratio (%), 2015-2020
Table 46: UK Non-Life Insurance - Direct Written Premium by Distribution Channel (GBP Billion), 2011-2015
Table 47: UK Non-Life Insurance - Direct Written Premium by Distribution Channel (GBP Billion), 2015-2020
Table 48: UK Non-Life Insurance - Share of Total Market Commissions (%), 2011-2015
Table 49: UK Non-Life Insurance - Share of Total Market Commissions (%), 2015-2020
Table 50: UK Non-Life Segment - Market Shares of Leading Insurers (%), 2015
Table 51: UK Life Segment - Product and Market Share (%) of Top Insurers, 2015
Table 52: UK Non-Life Segment - Top Insurers, 2015
Table 53: Aviva Plc - Key Facts
Table 54: Axa Plc - Key Facts
Table 55: Direct Line Insurance Group Plc - Key Facts
Table 56: RSA Insurance Group plc - Key Facts
Table 57: Zurich Insurance Group Ltd - Key Facts
Table 58: UK - Insurance Regulatory Framework Key Features
Table 59: UK - Life Insurance Regulatory Framework
Table 60: UK - Property Insurance Regulatory Framework
Table 61: UK- Motor Insurance Regulatory Framework
Table 62: UK - Liability Insurance Regulatory Framework
Table 63: UK - Benefits Under National Insurance Scheme
Table 64: UK - Minimum Cover for Aircraft Third-Party Liability per Accident per Aircraft
Table 65: UK - Corporate Tax Rates for the Financial Year 2017
Table 66: UK- VAT Rates in UK for Insurance Products
Table 67: UK Insurance Industry - Policies and Premium, 2011-2015
Table 68: UK Insurance Industry - Policies and Premium, 2015-2020
Table 69: UK Non-Life Insurance - Claims and Expenses, 2011-2015
Table 70: UK Non-Life Insurance - Claims and Expenses, 2015-2020
Table 71: UK Non-Life Insurance - Assets and Investments, 2011-2015
Table 72: UK Non-Life Insurance - Assets and Investments, 2015-2020
Table 73: UK Non-Life Insurance - Property Insurance, 2011-2015
Table 74: UK Non-Life Insurance - Property Insurance, 2015-2020
Table 75: UK Non-Life Insurance - Property Insurance by Product, 2011-2013
Table 76: UK Non-Life Insurance - Motor Insurance, 2011-2015
Table 77: UK Non-Life Insurance - Motor Insurance, 2015-2020
Table 78: UK Non-Life Insurance - Liability Insurance, 2011-2015
Table 79: UK Non-Life Insurance - Liability Insurance, 2015-2020
Table 80: UK Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
Table 81: UK Non-Life Insurance - Marine, Aviation and Transit Insurance, 2015-2020
Table 82: Insurance Industry Definitions

List of Figures:
Figure 1: UK Real GDP (GBP Trillion), 2011-2020
Figure 2: UK Consumer Price Inflation (%), 2011-2020
Figure 3: UK Current Account Balance as Percentage of GDP (%), 2011-2015
Figure 4: UK Unemployment Rate, 2011-2020
Figure 5: UK Population by Age Group, 2011-2025
Figure 6: UK Non-Life Insurance - Gross Written Premium (GBP Billion), 2011-2020
Figure 7: UK Non-Life Insurance - Penetration (%), 2011-2020
Figure 8: UK Non-Life Insurance - Premium per Capita (GBP), 2011-2020
Figure 9: UK Non-Life Insurance - Paid Claims (GBP Billion), 2011-2020
Figure 10: UK Non-Life Insurance - Profitability Ratio (%), 2011-2020
Figure 11: UK Non-Life Insurance - Total Investment Income (GBP Billion), 2011-2020
Figure 12: UK Non-Life Insurance - Investment Portfolio (GBP Billion), 2011-2020
Figure 13: UK Non-Life Insurance - Investment Portfolio Dynamics by Category, 2011-2020
Figure 14: UK Property Insurance - Construction Value Output by Category (GBP Billion), 2011-2015
Figure 15: UK Property Insurance - Direct Written Premium (GBP Billion), 2011-2020
Figure 16: UK Property Insurance - Paid Claims (GBP Billion), 2011-2020
Figure 17: UK Property Insurance - Loss Ratio (%), 2011-2020
Figure 18: UK Motor Insurance - Licensed Vehicle by vehicle Type, 2015 and 2016
Figure 19: UK Motor Insurance - Direct Written Premium (GBP Billion), 2011-2020
Figure 20: UK Motor Insurance - Paid Claims (GBP Billion), 2011-2020
Figure 21: UK Motor Insurance - Loss Ratio (%), 2011-2020
Figure 22: UK Liability Insurance - Direct Written Premium (GBP Billion), 2011-2020
Figure 23: UK Liability Insurance - Paid Claims (GBP Billion), 2011-2020
Figure 24: UK Liability Insurance - Loss Ratio (%), 2011-2020
Figure 25: UK Marine, Aviation and Transit Insurance - Imports and Exports (GBP Billion), 2012-2016
Figure 26: UK Marine, Aviation and Transit Insurance - Direct Written Premium (GBP Billion), 2011-2020
Figure 27: UK Marine, Aviation and Transit Insurance - Paid Claims (GBP Billion), 2011-2020
Figure 28: UK Marine, Aviation and Transit Insurance - Loss Ratio (%), 2011-2020
Figure 29: UK - The Three Pillars of Solvency II
Figure 30: UK - Insurance Supervision and Control at Various Levels
Figure 31: UK - Insurance Regulatory Frameworks for Company Registration and Operation
Note: Product cover images may vary from those shown
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  • Aviva plc
  • Axa UK plc
  • Direct Line Group
  • RSA Insurance Group plc
  • Zurich Insurance Group Ltd (Zurich)
  • Allianz Insurance plc
  • Ageas Insurance Ltd
  • AIG Europe Ltd
  • Liverpool Victoria Friendly Society Ltd
  • National Farmers Union Mutual Insurance Society Ltd
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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