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Insurance Industry Market Review 2003


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Previewing a Market Review

Published Date :
October 2003find similar
Report Type :
Market Reviewfind similar
Report Sector :
Insurancefind similar
Price :
£ 575
Contents :
14 Chapters

Table of Contents

The table of contents below is for Insurance Industry 2003

Executive Summary

1. Industry Overview

Report Coverage

Economic Trends

Population

Table.1: Uk Resident Population Estimates By Sex (000), Mid-years-2002

Gross Domestic Product

Table.2: Uk Gross Domestic Product At Current And Constant Prices (£m),-2002

Inflation

Table.3: Uk Rate Of Inflation (%),-2002

Unemployment

Table.4: Actual Number Of Unemployed Persons In The Uk (million),-2002

Market Size

Table.5: The Uk Insurance Market By Sector By Net Premium Income (£m),-2002

Market Segmentation

Long-term Insurance

Life Insurance

Pensions

Annuities

Income-protection Insurance

Critical-illness Insurance

General Insurance

Motor Insurance

Property Insurance

Accident And Health Insurance

General Liability Insurance

Pecuniary-loss Insurance

Industry Structure

Lloyd's Of London

Industry Synopsis

Life Insurance

Table.6: Average Financial Performance Of Companies Engaged In Life Insurance† (£000, % And £),/2002

General Insurance

Table.7: Average Financial Performance Of Companies Engaged In Non-life Insurance† (£000, % And £),/2002

Industry Concentration

Employment

Table.8: Number Of Uk Vat-based Local Units Engaged In Life Insurance And Non-life Insurance By Number Of Employees,

Distribution

Insurance Distribution Channels

Direct Sales Forces

Direct Marketing

Telesales

Independent Intermediaries

Independent Financial Advisers

Tied Agents

Banks/building Societies

Market Shares

Market Position

Key Trends

Practical Difficulties

Operational Complexity

Commoditisation And Niches

Legislation

Key Trade Organisations

Association Of British Insurers

International Underwriting Association

Lloyd's Of London

National Association Of Pension Funds

2. Pest Analysis

Introduction

Political Factors

Economic Factors

Social Factors

Technological Factors

3. Key Note Primary Research

Introduction

Survey Results

Satisfaction With The Claims Process

Table.1: Those Who Were Satisfied With The Claims Process By Sex And Age (% Of Respondents), And

Table.2: Those Who Were Satisfied With The Claims Process By Social Grade (% Of Respondents), And

Table.3: Those Who Were Satisfied With The Claims Process By Region (% Of Respondents),

Perception Of Value For Money

Life Insurance

Table.4: Those Who Consider That Their Life Insurance Policy Gives Value For Money By Sex And Age (% Of Respondents), And

Table.5: Those Who Consider That Their Life Insurance Policy Gives Value For Money By Social Grade (% Of Respondents), And

Table.6: Those Who Consider That Their Life Insurance Policy Gives Value For Money By Region (% Of Respondents),

Pension

Table.7: Those Who Consider That Their Pension Policy Gives Value For Money By Sex And Age (% Of Respondents), And

Table.8: Those Who Consider That Their Pension Policy Gives Value For Money By Social Grade (% Of Respondents), And

Table.9: Those Who Consider That Their Pension Policy Gives Value For Money By Region (% Of Respondents),

Motor Insurance

Table.10: Those Who Consider That Their Motor Insurance Policy Gives Value For Money By Sex And Age (% Of Respondents), And

Table.11: Those Who Consider That Their Motor Insurance Policy Gives Value For Money By Social Grade (% Of Respondents), And

Table.12: Those Who Consider That Their Motor Insurance Policy Gives Value For Money By Region (% Of Respondents),

Property Insurance

Table.13: Those Who Consider That Their Property Insurance Policy Gives Value For Money By Sex And Age (% Of Respondents), And

Table.14: Those Who Consider That Their Property Insurance Policy Gives Value For Money By Social Grade (% Of Respondents), And

Table.15: Those Who Consider That Their Property Insurance Policy Gives Value For Money By Region (% Of Respondents),

Medical Insurance

Table.16: Those Who Consider That Their Medical Insurance Policy Gives Value For Money By Sex And Age (% Of Respondents), And

Table.17: Those Who Consider That Their Medical Insurance Policy Gives Value For Money By Social Grade (% Of Respondents), And

Table.18: Those Who Consider That Their Medical Insurance Policy Gives Value For Money By Region (% Of Respondents),

Propensity To Change Insurers

Life Insurance

Table.19: Those Who Had Changed Their Life Insurer In The Previous Months By Sex And Age (% Of Respondents), And

Table.20: Those Who Had Changed Their Life Insurer In The Previous Months By Social Grade (% Of Respondents), And

Table.21: Those Who Had Changed Their Life Insurer In The Previous Months By Region (% Of Respondents),

Pension

Table.22: Those Who Had Changed Their Pension Provider In The Previous Months By Sex And Age (% Of Respondents), And

Table.23: Those Who Had Changed Their Pension Provider In The Previous Months By Social Grade (% Of Respondents), And

Table.24: Those Who Had Changed Their Pension Provider In The Previous Months By Region (% Of Respondents),

Motor Insurance

Table.25: Those Who Had Changed Their Motor Insurer In The Previous Months By Sex And Age (% Of Respondents), And

Table.26: Those Who Had Changed Their Motor Insurer In The Previous Months By Social Grade (% Of Respondents), And

Table.27: Those Who Had Changed Their Motor Insurer In The Previous Months By Region (% Of Respondents),

Property Insurance

Table.28: Those Who Had Changed Their Property Insurer In The Previous Months By Sex And Age (% Of Respondents), And

Table.29: Those Who Had Changed Their Property Insurer In The Previous Months By Social Grade (% Of Respondents), And

Table.30: Those Who Had Changed Their Property Insurer In The Previous Months By Region (% Of Respondents),

Medical Insurance

Table.31: Those Who Had Changed Their Medical Insurer In The Previous Months By Sex And Age (% Of Respondents), And

Table.32: Those Who Had Changed Their Medical Insurer In The Previous Months By Social Grade (% Of Respondents), And

Table.33: Those Who Had Changed Their Medical Insurer In The Previous Months By Region (% Of Respondents),

Concerns About The Financial Health Of Insurers

Table.34: Those Who Were Concerned About The Financial Health Of Their Insurance Company By Sex And Age (% Of Respondents), And

Table.35: Those Who Were Concerned About The Financial Health Of Their Insurance Company By Social Grade (% Of Respondents), And

Table.36: Those Who Were Concerned About The Financial Health Of Their Insurance Company By Region (% Of Respondents),

Confidence In The Final Value Of Pension/annuity Payments

Table.37: Level Of Confidence In The Final Value Of Pension/annuity Payments By Age And Sex (% Of Respondents),

Table.38: Level Of Confidence In The Final Value Of Pension/annuity Payments By Social Grade (% Of Respondents),

Table.39: Level Of Confidence In The Final Value Of Pension/annuity Payments By Region (% Of Respondents),

4. Competitive Structure

The Marketplace

Market Leaders

Table.1: The Top Ten Companies In The Uk Markets For Long-term Insurance And General Insurance By Uk Net Premium Income (£m), And

Aegon Uk Plc

Company Structure

Financial Results

Allianz Cornhill Insurance Plc

Company Structure

Financial Results

Aviva Plc

Company Structure

Financial Results

Axa Insurance Plc

Company Structure

Financial Results

Barclays Life

Company Structure

Financial Results

The British United Provident Association Ltd

Company Structure

Financial Results

Co-operative Insurance Society Ltd

Company Structure

Financial Results

Credit Suisse Group

Company Structure

Financial Results

Direct Line Insurance Plc

Company Structure

Financial Results

Hbos Plc

Company Structure

Financial Results

Legal & General Group Plc

Company Structure

Financial Results

Lloyds Tsb Group Plc

Company Structure

Financial Results

Nfu Mutual Insurance Society Ltd

Company Structure

Financial Results

Prudential Plc

Company Structure

Financial Results

Royal & Sun Alliance Insurance Group Plc

Company Structure

Financial Results

The Standard Life Assurance Company

Company Structure

Financial Results

Zurich Financial Services

Company Structure

Financial Results

Other Companies

Marketing Activity

Main Media Expenditure

Table.2: Main Media Expenditure On Insurance By Sector (£000), Years To March And

5. Long-term Insurance

Definition

Key Trends

Market Size

Table.1: The Uk Market For Long-term Insurance By Net Premium Income (£m),-2002

Table.2: The Uk Market For Long-term Insurance By Sector By Net Premium Income (£m),-2002

Policies In Force

Life Insurance

Table.3: Regular-premium Individual-life Business In Force In The Uk — Linked And Non-linked Policies (000 Policies And £m),-2002

Personal Pensions

Table.4: Personal Pensions In Force In The Uk (000 Policies And £m),-2002

Annuities

Table.5: Purchased Ordinary-branch Life Annuities (immediate) In Force In The Uk (000 And £m),-2002

Income-protection Insurance

Table.6: Income-protection Policies In Force In The Uk (000 Policies And £m),-2002

Critical-illness Insurance

New Business

Regular-premium Business

Table.7: New Individual Regular-premium Business By Sector (£m),-2002

Single-premium Business

Table.8: New Individual Single-premium Business By Sector (£m),-2002

Group Business

Table.9: New Regular-premium And Single-premium Group Business (£m),-2002

Benefits Paid

Table.10: Long-term Insurance Benefits Paid In The Uk By Sector (£m),-2002

Supply Structure

Table.11: Breakdown Of New Long-term Insurance Business By Distribution Channel (% Of Premiums),-2002

Major Players

Forecasts To

Table.12: The Forecast Uk Market For Long-term Insurance By Net Premium Income (£m),-2007

6. Motor Insurance

Definition

Key Trends

Market Size

Table.1: The Uk Market For Motor Insurance By Net Premium Income (£m),-2002

Profitability

Table.2: The Uk Market For Motor Insurance — Underwriting Result (£m And %),-2002

Claims

Table.3: The Uk Market For Motor Insurance — Breakdown Of Insurers' Outgoing Expenditure (£m), -2002

By Type

Table.4: The Uk Market For Motor Insurance — Private Motor Claims Experience By Type Of Policy (000 Claims And £m),-2002

Table.5: The Uk Market For Motor Insurance — Commercial And Fleet Motor Claims Experience (000 Claims And £m),-2002

Theft Claims

Table.6: The Uk Market For Motor Insurance — Private, Commercial And Fleet Motor Theft Claims Settled (000 Claims And £m),-2002

Supply Structure

Major Players

Forecasts To

Table.7: The Forecast Uk Market For Motor Insurance By Net Premium Income (£m),-2007

7. Property Insurance

Definition

Key Trends

Market Size

Table.1: The Uk Market For Property Insurance By Net Premium Income (£m),-2002

Profitability

Table.2: The Uk Market For Property Insurance — Underwriting Result (£m And %),-2002

Claims

Table.3: The Uk Market For Property Insurance — Domestic Claims Experience By Type Of Claim (£m), -2002

Table.4: The Uk Market For Property Insurance — Commercial Claims Experience By Type Of Claim (£m), -2002

Table.5: The Uk Market For Property Insurance — Domestic And Commercial Claims Experience By Type Of Claim (£m),-2002

Supply Structure

Major Players

Forecasts To

Table.6: The Forecast Uk Market For Property Insurance By Net Premium Income (£m),-2007

8. Accident And Health Insurance

Definition

Key Trends

Market Size

Table.1: The Uk Market For Accident And Health Insurance By Net Premium Income (£m),-2002

Profitability

Table.2: The Uk Market For Accident And Health Insurance — Underwriting Result (£m And %),-2002

Claims

Table.3: The Uk Market For Accident And Health Insurance — Breakdown Of Insurers' Outgoing Expenditure (£m), -2002

Private Medical Insurance

Table.4: The Uk Market For Private Medical Insurance By Type Of Purchase (000 Subscribers And £m),-2002

Supply Structure

Major Players

Forecasts To

Table.5: The Forecast Uk Market For Accident And Health Insurance By Net Premium Income (£m),-2007

9. General Liability Insurance

Definition

Key Trends

Market Size

Table.1: The Uk Market For General Liability Insurance By Net Premium Income (£m),-2002

Profitability

Table.2: The Uk Market For General Liability Insurance — Underwriting Result (£m And %),-2002

Supply Structure

Major Players

Forecasts To

Table.3: The Forecast Uk Market For General Liability Insurance By Net Premium Income (£m),-2007

10. Pecuniary-loss Insurance

Definition

Key Trends

Market Size

Table.1: The Uk Market For Pecuniary-loss Insurance By Net Premium Income (£m),-2002

Profitability

Table.2: The Uk Market For Pecuniary-loss Insurance — Underwriting Result (£m And %),-2002

Supply Structure

Major Players

Forecasts To

Table.3: The Forecast Uk Market For Pecuniary-loss Insurance By Net Premium Income (£m),-2007

11. A Global Perspective

The Top Ten Insurance Markets

Table.1: The World's Top Ten Insurance Markets By Premium Income ($m And %),

12. The Future

Introduction

The Economy

Table.1: Government Forecasts For The Uk Economy (000, % And Million),-2007

Forecasts To

Table.2: The Forecast Uk Insurance Market By Sector By Net Premium Income (£m),-2007

Future Trends

Growth Sectors

Concerns

New Risks

A New Pattern Of Claims

Innovation

Structural Change

13. Further Sources

Associations

General Sources

Bonnier Information Sources

Government Publications

Other Sources