United Kingdom (UK) Private Motor Insurance Market Size, Trends, Competitor Dynamics and Opportunities

1.1 Market overview
1.2 Key findings
1.3 Critical success factors

2.1 The private motor insurance market grew in 2022 and 2023
2.2 Average premiums began to rise towards the end of 2022
2.3 The motor claims landscape in 2022
2.4 RTAs and their link to claims

3.1 Admiral remains the market leader
3.2 Analysis of the market leaders
3.3 Newcomers and insurtechs gain traction

4.1 The UK private motor insurance market is expected to reach GBP15.01 billion by 2027
4.2 Future opportunities in the private motor insurance market
4.3 Connected cars, the Internet of Things, and smart motorways
4.4 The EV market is expected to keep growing
4.5 Fully autonomous vehicles will disrupt motor insurance

5.1 Abbreviations, acronyms, and initialisms
5.2 Methodology
5.3 Secondary sources
5.4 Further reading

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Table 1: Number of claims settled, average cost, and gross claims paid, by claim type, 2018-22
Table 2: GWP and market share of the top 10 private motor insurers in the UK, 2020-22

Figure 1: The private motor insurance industry increased by 1.7% in 2022
Figure 2: The average private motor insurance premium remained at GBP434 in 2022
Figure 3: Average premiums rose by 20.1% from Q2 2022 to Q2 2023
Figure 4: Consumer price inflation is expected to have peaked in 2022
Figure 5: Claims notified and claims frequency both increased in 2022
Figure 6: The number of claims settled increased by 13.1% from 2021 to 2022
Figure 7: The number of claims recorded by the CRU fell by 5.2% in 2022
Figure 8: Casualty numbers increased from 2021 to 2022
Figure 9: The average petrol price increased by 23.8% from 2021 to 2022
Figure 10: New car registrations fell by 1.5% in 2022
Figure 11: EVs are becoming increasingly popular in the UK
Figure 12: Admiral strengthened its position as market leader in the private motor insurance market
Figure 13: UK private motor insurance GWP is expected to reach GBP15.01 billion in 2027
Figure 14: Younger consumers are more likely to purchase telematics insurance policies
Figure 15: CCC Intelligent Solutions automates the claims process using AI technology
Figure 16: Industry insiders cited the cost of repairs as the biggest challenge for insurers in the move to EVs
Figure 17: Forecasting methodology