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Direct Insurance Market Assessment 2006


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Previewing a Market Assessment

Published Date :
March 2006find similar
Report Type :
Market Assessmentfind similar
Report Sector :
Insurancefind similar
Price :
£ 575
Contents :
15 Chapters

Table of Contents

The table of contents below is for Direct Insurance 2006

Executive Summary

1. Introduction

Overview

Definition

2. Strategic Overview

Market Dynamics And Segmentation

Market Segmentation

Market Sectors

The Current Status Of The Market

Total Industry Value And Growth

Table: The Total Uk Market For General Insurance† By Gross Written Premiums (£m, % And Index=100),-2006

Table: The Uk Market For General Insurance — Uk Risks — By Gross Written Premiums (£m, % And Index=100),-2006

Largest Sector And Market Share

Table: Uk Personal-lines General Insurance Premiums — Uk Risks — By Sources Of Business (%),-2006

Figure: Uk Personal-lines General Insurance Premiums — Uk Risks — By Estimated Sources Of Business (%),

Table: Uk General Business Insurance — Uk Risks — By Category By Gross Written Premiums (£m),

Market Dynamics

Market Sectors

The Current Status Of The Market

Table: Banks' Links With Insurers,

Table: Direct Insurers' Links With Traditional Insurers,

Fastest-growing Sectors

Slowest-growing Sectors

Distribution

Direct Salesforces

Direct Selling

Company Agents

Independent Intermediaries

Tied Agents

Insurance Brokers

Banks And Building Societies

Telephone-based Selling

Internet-based Selling

Retail Chains

Financial `supermarkets'

Interactive Digital Television

Competitive Structure

Significant Players

Non-uk Sectors

Most Significant Outlet

Advertising

Major Spenders

Table: Main Media Advertising Expenditure On General Insurance (£000), Year To September

Direct Sales

The Consumer

Who Is The Consumer?

Consumer Loyalty

Consumer Factors Affecting The Sector

Regulation

The Role Of The Financial Services Authority

Acts, Schemes And Directives Affecting The Insurance Industry

Data Protection And Disability Discrimination Acts

Financial Services Compensation Scheme

Eu Distance Marketing And Insurance Mediation Directives

Markets In Financial Instruments Directive

Third Money-laundering Directive

Unfair Commercial Practices Directive

Solvency Directive

Insurance Guarantee Schemes Directive

The Role Of The Financial Ombudsman Service

Table: Complaints To The Financial Ombudsman Service About General Insurance — New Cases By Type Of Insurance Product, Years Endingst March-2005

Market Forecasts

The Predicted Size Of The Market

Future Prospects In Insurance/direct Insurance

The Future Impact Of Regulatory Changes And Growth In E-business

3. Motor Insurance

Background

Market Size

Table: The Uk Market For Domestic Motor Insurance (annual Business) By Gross Written Premiums (£m, % And Index=100),-2006

Consumer Trends

Table: Average Yearly Expenditure On Motor Insurance Per Household (£ And % Of Uk Households),/2001-2005/2006

Key Note Consumer Survey

"i Buy My Motor Insurance Through A Broker"

"i Prefer To Buy My Motor Insurance Direct"

Marketing Activity

Advertising

Home And Motor Insurance

Table: Main Media Advertising Expenditure On Home And Motor Insurance (£000), Year To September

Motor Insurance

Table: Main Media Advertising Expenditure On Motor Insurance (£000), Year To September

Online Motor Insurance

Table: Main Media Advertising Expenditure On Online Motor Insurance (£000), Year To September

Distribution

Table: Uk Personal Motor Insurance Premiums By Sources Of Business (%),-2006

Figure: Uk Personal Motor Insurance Premiums By Estimated Sources Of Business (%),

Suppliers

Table: The Ten Most Popular Motor Insurance Websites, February

Market Share

Table: Rankings By Class Based On Uk Net Written Premiums In — Private Motor Insurers, And

4. House Insurance

Background

Buildings Insurance

Contents Insurance

Market Size

Table: The Uk Market For Domestic Property Insurance By Gross Written Premiums (£m, % And Index=100),-2006

Consumer Trends

Table: Average Yearly Expenditure On Household Insurance By Type Of Insurance Product (£ And % Of Uk Households), Financial Years/2001-2005/2006

Key Note Consumer Survey

"i Buy My Buildings Insurance Through A Broker"

"i Buy My Buildings Insurance Direct"

"i Buy My Home Contents Insurance Through A Broker"

"i Buy My Home Contents Insurance Direct"

Marketing Activity

Advertising

Buildings And Contents Insurance

Table: Main Media Advertising Expenditure On Buildings And Contents Insurance (£000), Year To September

Contents Insurance

Table: Main Media Advertising Expenditure On Contents Insurance (£000), Year To September

Distribution

Table: Uk Domestic Property Insurance Premiums By Sources Of Business (%),-2006

Figure: Uk Domestic Property Insurance Premiums By Estimated Sources Of Business (%),

Suppliers

Table: The Ten Most Popular Household Insurance Websites, February

Market Share

Table: Rankings By Class Based On Uk Net Written Premiums In — Household (domestic Property) Insurers, And

5. Travel Insurance

Background

Market Size

Consumer Trends

Table: Non-package Holiday And Other Travel Insurance — Average Weekly Household Expenditure (£ And Index/2002=100),/2002-2004/2005

Key Note Consumer Survey

"i Buy My Travel Insurance Through A Broker"

"i Buy My Travel Insurance Direct"

Marketing Activity

Advertising

Table: Main Media Advertising Expenditure On Travel Insurance (£000), Year To September

Distribution

Suppliers

Table: The Ten Most Popular Travel Insurance Websites, February

6. Health Insurance

Background

Table: Percentage Of Uk Households With Health Insurance,/2004

Market Size

Table: The Uk Market For Accident And Health Insurance (annual Business) By Gross Written Premiums (£m, % And Index=100),-2006

Private Medical Insurance

Long-term Care

Sickness Insurance

Consumer Trends

Table: Average Yearly Household Expenditure On Medical Insurance (£ And % Of Uk Households), /2001-2005/2006

Table: Average Weekly Uk Household Expenditure On Medical Insurance By Gross Income Decile (£), /2003 And/2005

Key Note Consumer Survey

"i Buy My Health Insurance Direct"

Marketing Activity

Advertising

Table: Main Media Advertising Expenditure On Private Healthcare (£000), Year To September

Distribution

Suppliers

Accident Insurers

Table: Rankings By Class Based On Uk Net Written Premiums In — Accident Insurers, And

Health Insurers

Table: Rankings By Class Based On Uk Net Written Premiums In — Health Insurers, And

Table: The Ten Most Popular Health Insurance Websites, February

7. Pet Insurance

Background

Market Size

Table: The Uk Market For Pet Insurance By Gross Written Premiums (£m, % And Index=100),-2006

Consumer Trends

Key Note Consumer Survey

"i Buy My Pet Insurance Direct"

Marketing Activity

Advertising

Table: Main Media Advertising Expenditure On Livestock And Pet Insurance (£000), Year To September

Distribution

Suppliers

8. An International Perspective

Background

Distribution

Trends In European Distribution

Leading Players In European General Insurance

Trends In Dutch Insurance Distribution

Trends In Italian Insurance Distribution

Trends In French Insurance Distribution

9. Pest Analysis

Political Factors

Economic Factors

Social Factors

Technological Factors

10. Consumer Dynamics

Overview

Table: Summary Of Survey Findings (% Of Respondents Agreeing And Statement Ranking By Level Of Agreement), November

Choosing An Insurer On The Advice Of An Independent Broker Or A Bank/building Society

"i Choose My Insurance Company On The Advice Of An Independent Broker"

"i Choose My Insurance Company On The Advice Of My Bank Or Building Society"

Table: Choosing An Insurer On The Advice Of An Independent Broker Or A Bank/building Society (% Of Respondents), November

Buying An Insurance Company's Or Bank's Own Policies Direct

"i Buy My Insurance Company's Own Policies Direct"

"i Buy My Bank's Own Insurance Policies Direct"

Table: Buying An Insurance Company's Or Bank's Own Policies Direct (% Of Respondents), November

Buying Insurance Direct From A Retailer Or Another Non-financial Company Or Service/ Preferring To Arrange Insurance Face To Face With The Insurer

"i Buy My Insurance Direct From A Retailer Or Another Non-financial Company Or Service"

"i Want To Arrange My Insurance Face To Face With The Insurer"

Table: Buying Insurance Direct From A Retailer Or Another Non-financial Company Or Service/ Wanting To Arrange Insurance Face To Face With The Insurer (% Of Respondents), November

Preferring To Arrange Insurance Direct With The Insurer By Telephone/wanting To Do An Online Search Before Choosing An Insurer

"i Want To Arrange My Insurance Direct With The Insurer By Telephone"

"i Want To Do My Own Online Search Before Choosing My Insurer"

Table: Preferring To Arrange Insurance Direct With The Insurer By Telephone/wanting To Do An Online Search Before Choosing An Insurer (% Of Respondents), November

Buying Motor Insurance Through A Broker/preferring To Buy Motor Insurance Direct

"i Buy My Motor Insurance Through A Broker"

"i Prefer To Buy My Motor Insurance Direct"

Table: Buying Motor Insurance Through A Broker/ Preferring To Buy Motor Insurance Direct (% Of Respondents), November

Buying Buildings Insurance Through A Broker Or Direct

"i Buy My Buildings Insurance Through A Broker"

"i Buy My Buildings Insurance Direct"

Table: Buying Buildings Insurance Through A Broker Or Direct (% Of Respondents), November

Buying Home Contents Insurance Through A Broker Or Direct

"i Buy My Home Contents Insurance Through A Broker"

"i Buy My Home Contents Insurance Direct"

Table: Buying Home Contents Insurance Through A Broker Or Direct (% Of Respondents), November

Buying Travel Insurance Through A Broker Or Direct

"i Buy My Travel Insurance Through A Broker"

"i Buy My Travel Insurance Direct"

Table: Buying Travel Insurance Through A Broker Or Direct (% Of Respondents), November

Buying Health Insurance Or Pet Insurance Direct

"i Buy My Health Insurance Direct"

"i Buy My Pet Insurance Direct"

Table: Buying Health Insurance Or Pet Insurance Direct (% Of Respondents), November

Using The Most Convenient Means To Get Insurance Cover/wanting To Get The Cheapest Insurance Cover

"i Will Use The Most Convenient Means To Get Insurance Cover"

"i Want To Get The Cheapest Insurance Cover"

Table: Using The Most Convenient Means To Get Insurance Cover/wanting To Get The Cheapest Insurance Cover (% Of Respondents), November

11. Company Profiles

Admiral Group Plc

Corporate Strategy

Strengths And Weaknesses

New Product And Brand Development

Advertising

Distribution

Profitability

Table: Financial Results For Admiral Group Plc (£000, % And £), Years Endingst December-2004

Future Company Developments

Bupa Insurance Ltd

Corporate Strategy

Strengths And Weaknesses

New Product And Brand Development

Advertising

Distribution

Profitability

Table: Financial Results For Bupa Insurance Ltd (£000, % And £), Years Endingst December-2004

Future Company Developments

Churchill Insurance Company Ltd

Corporate Strategy

Strengths And Weaknesses

New Product And Brand Development

Advertising

Distribution

Profitability

Table: Financial Results For Churchill Insurance Company Ltd (£000, % And £), Years Endingst December-2004

Future Company Developments

Direct Line (the Royal Bank Of Scotland Plc)

Corporate Strategy

Strengths And Weaknesses

New Product And Brand Development

Advertising

Distribution

Profitability

Table: Financial Results For The Royal Bank Of Scotland Plc (£000, % And £), Years Endingst December-2004

Future Company Developments

Esure Insurance Ltd

Corporate Strategy

Strengths And Weaknesses

New Product And Brand Development

Advertising

Distribution

Profitability

Table: Financial Results For Esure Insurance Ltd (£000, % And £), Years Endingst December-2004

Future Company Developments

More Th>n (royal & Sunalliance Insurance Plc)

Corporate Strategy

Strengths And Weaknesses

New Product And Brand Development

Advertising

Distribution

Profitability

Table: Financial Results For Royal & Sunalliance Insurance Plc (£000, % And £), Years Endingst December-2004

Future Company Developments

Tesco Personal Finance Group Ltd

Corporate Strategy

Strengths And Weaknesses

New Product And Brand Development

Advertising

Distribution

Profitability

Table: Financial Results For Tesco Personal Finance Group Ltd (£000, % And £), Years Endingst December-2004

Future Company Developments

12. The Future

General Insurance

Table: The Forecast Total Uk Market For General Insurance† By Gross Written Premiums (£m, % And Index=100),-2011

Table: Uk Personal-lines General Insurance Premiums — Uk Risks — By Forecast Sources Of Business (%),-2011

Figure: Uk Personal-lines General Insurance Premiums — Uk Risks — By Forecast Sources Of Business (%),

Motor Insurance

Market Size

Table: The Forecast Uk Market For Domestic Motor Insurance (annual Business) By Gross Written Premiums (£m, % And Index=100),-2011

Table: Uk Personal Motor Insurance Premiums By Forecast Sources Of Business (%),-2011

Figure: Uk Personal Motor Insurance Premiums By Forecast Sources Of Business (%),

House Insurance

Table: The Forecast Uk Market For Domestic Property Insurance By Gross Written Premiums (£m, % And Index=100),-2011

Distribution

Table: Uk Property Insurance Premiums By Forecast Sources Of Business (%),-2011

Figure: Uk Property Insurance Premiums By Forecast Sources Of Business (%),

Other Personal-lines Insurance

Strategic Options

Broker Networks

Future Regulatory Changes

Distribution Channels

Interactive Digital Television

Mobile Telephones

The Worldwide Web

Future Pest Analysis

Political Factors

Economic Factors

Social Factors

Technological Factors

13. Consumer Confidence

Methodology

The Willingness To Borrow

Table A: The Average Amount Consumers Are Willing To Borrow In Order To Purchase Expensive Items At Current And Constant November Prices (£ And £bn), November, February, May, August And November

The Desire To Borrow Stays Strong

Table B: The Number Of Adults Willing To Borrow In Order To Purchase Expensive Items (000 And %), November, February, May, August And November

The Willingness To Spend From Savings

Table C: The Average Amount Consumers Are Willing To Spend From Savings In Order To Purchase Expensive Items At Current And Constant November Prices (£ And £bn), November, February, May, August And November

Consumers Increasingly Cautious

Table D: The Average Amounts Adults Are Confident Spending To Purchase Expensive Items (£ And %), November, February, May, August And November

14. Further Sources

Associations

Publications

General Sources

Government Sources

Other Sources

Bisnode Sources