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General Insurance Market Assessment 2006


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Previewing a Market Assessment

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

Table of Contents

The table of contents below is for General Insurance 2006

Executive Summary

1. Introduction

Background

Definition

2. Strategic Overview

Economic Indicators

Unemployment

Table: Actual Number Of Unemployed Persons In The Uk (million),-2005

Gross Domestic Product

Table: Uk Gross Domestic Product At Current And Annual Prices (£m),-2005

Population

Table: Uk Resident Population Estimates By Sex (000), Mid-years-2005

Household Disposable Income

Table: Uk Household Disposable Income Per Capita (£),-2005

Inflation

Table: Uk Rate Of Inflation (%),-2005

Market Dynamics And Segmentation

Market Leaders

Table: The Top Ten General Insurers By Total Uk Net Written Premiums (£m And Rank), And

Total Industry Value And Growth

Table: Total Uk Net Written Premium Income By Class Of Business (£m),-2005

Figure: Total Uk Net Written Premium Income By Class Of Business — Uk Risks (£m),-2005

Table: Growth Rate Of Uk General Net Written Premium Income By Class Of Business (%),

Table: Uk General Net Written Premium Income By Class Of Business (%),-2005

Figure: Estimated Uk General Net Written Premium Income By Class Of Business (%),

Distribution

Total General Insurance Business

Table: Sources Of Total Uk General Insurance Business By Value (% And £m),-2005

Personal-lines Business

Table: Sources Of Total Uk Personal-lines Business By Value (% And £m),-2005

Competitive Structure

Table: Mergers And Acquisitions In The Uk General Insurance Industry,-2005

Advertising

Table: Main Media Advertising Expenditure On General Insurance Ranges (£000), Year Ending December

Consumer Trends

Corporate Governance

Table: Insurance Companies' Income And Expenditure — General Funds (£m),-2005

Regulation

Financial Services Authority

Market Forecasts

3. Motor Insurance

Background

Market Size

Table: Uk Domestic Motor Insurance — Annual Business — By Net Written Premiums And Underwriting Profit (£m And Index=100),-2005

Market Penetration

Market Share

Table: Top Ten Private Motor Insurers By Uk Net Written Premiums, And

Distribution

Table: Sources Of Personal Motor Insurance Business By Value (% And £m),-2005

Marketing Activity

Market Segments Are Also Being Targeted

Main Media Advertising

Table: Main Media Advertising Expenditure On Motor Insurance (£000), Year Ending December

Consumer Trends

Claims

Household Expenditure

Table: Average Weekly Household Expenditure On Motor Insurance (£),/2002-2004/2005

Consumer Survey

"i Like To Shop Around For My Motor Insurance"

4. Housing Insurance

Background

Definitions

Contents Insurance

Buildings Insurance

Mortgage Lenders

Market Size

Table: Uk Domestic Property Insurance — Annual Business — By Net Written Premiums And Underwriting Profit (£m And Index=100),-2005

Market Share

Table: The Top Ten Household (domestic Property) Insurers By Uk Net Written Premiums, And

Distribution

Table: Sources Of Personal Household Insurance Premiums By Value (% And £m),-2005

Marketing Activity

Main Media Advertising Expenditure

Table: Main Media Advertising Expenditure On Home Contents Insurance (£000), Year Ending December

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

Consumer Trends

Household Expenditure

Table: Average Weekly Expenditure Per Household On Household Insurance† (£),/2002-2004/2005

Consumer Survey

"i Get My Buildings Insurance From My Mortgage Lender"

"i Get My Contents Insurance From My Mortgage Lender"

"i Do Not Buy Contents Insurance"

5. Travel Insurance

Market Size

Market Share

Abta

Distribution

Marketing Activity

Main Media Advertising Expenditure

Table: Main Media Advertising Expenditure On Travel And Sport Insurance (£000), Year Ending December

Consumer Trends

Overseas Visits

Table: Visits Abroad By Uk Residents (000),-2005

Consumer Survey

"i Buy My Travel Insurance Through The Travel Agent"

"i Buy My Travel Insurance On An Annual Basis"

6. Accident And Health Insurance

Background

Definitions

Personal Accident

Private Medical Insurance

Long-term Care

Sickness Insurance

Cash Plans

Market Size

Table: Uk Accident Insurance — Annual Business — By Net Written Premiums And Underwriting Profit (£m And Index=100),-2005

Table: Uk Health Insurance — Annual Business — By Net Written Premiums And Underwriting Profit (£m And Index=100),-2005

Market Share

Accident Insurance

Table: The Top Ten Accident Insurers By Uk Net Written Premiums, And

Health Insurance

Table: The Top Ten Health Insurers By Uk Net Written Premiums, And

Private Medical Insurance

Table: Size Of The Private Medical Insurance Market By Volume (000 And £m),-2005

Distribution

Marketing Activity

Main Media Advertising Expenditure

Accident Insurance

Private Healthcare Insurance

Table: Main Media Advertising Expenditure On Private Healthcare Insurance (£000), Year Ending December

Consumer Trends

Household Expenditure

Table: Average Weekly Expenditure Per Household On Medical Insurance Premiums (£),/2002-2004/2005

Consumer Survey

"given Changes To The Nhs, I Am More Interested In Health Insurance"

"i Pay For Health Or Accident Insurance Personally"

7. General-liability Insurance

Background

Market Size

Table: Uk General-liability Insurance — Annual Business — By Net Written Premiums And Underwriting Profit (£m And Index=100),-2005

Market Share

Table: The Top Ten Liability Insurers By Uk Net Written Premiums, And

8. Pecuniary And Other Insurance

Background

Pecuniary Loss: Mortgage Payment Protection Insurance And Mortgage Indemnity Insurance

Payment Protection Insurance

Market Size

Table: Uk Pecuniary Loss Insurance — Annual Business — By Net Written Premiums And Underwriting Profit (£m And Index=100),-2005

Market Share

Table: Top Ten Other† Insurers By Net Written Premiums, And

9. An International Perspective

Background

Largest Non-life Premium Markets

Table: Top Markets For Non-life Insurance Premium Volumes ($ And %), And

Insurance Opportunities

Table: Non-life Insurance Density In The Largest Insurance Markets (% And $),

Table: Non-life Business Insurance Density — Premiums Per Capita ($), And

Trends In European Distribution

Leading Players In European General Insurance

Emerging Markets

10. Pest Analysis

Political Factors

Economic Factors

Social Factors

Technological Factors

11. Consumer Dynamics

Overview

Summary Of Results

Table: Summary Of Results (% Of Respondents),

Problems With Insurers And Reading The Contract Carefully

"i Know What To Do If I Have A Problem With My Insurer"

"when I Take Out Insurance, I Read The Contract Carefully"

Table: Attitudes Towards Problems With Insurers And Reading The Contract Carefully (% Of Respondents),

Awareness Of Exclusion Clauses And Acceptance Of Extended Warranties

"in My Experience, I Am Made More Aware Of Exclusion Clauses Now Than Years Ago"

"when I Buy Home Appliances Or Computers In A Shop, I Accept The Extended Warranty"

Table: Awareness Of Exclusion Clauses And Acceptance Of Extended Warranties (% Of Respondents),

Choosing An Insurer

"i Choose My Insurer Based On Their Reputation"

"i Prefer To Go To A Supermarket Or Other Retail Outlet To Buy My Insurance"

Table: Attitudes Towards Choosing An Insurer (% Of Respondents),

Shopping Around For Insurance

"i Like To Shop Around For My Motor Insurance"

"i Prefer To Look For The Best Deals On Offer On The Internet Before Deciding On An Insurer"

"i Usually Renew My Existing Insurance Policies Without Checking Alternatives"

Table: Attitudes Towards Shopping Around For Insurance (% Of Respondents),

General Insurance Advice

"i Prefer To Take The Advice Of An Independent Adviser Or Broker"

"i Prefer To Take The Advice Of My Bank Or Building Society"

"before Taking Out Insurance, I Would First Like To Meet A Company Representative In Person To Discuss My Needs"

Table: Attitudes Towards General Insurance Advice (% Of Respondents),

Health Insurance

"given Changes To The Nhs, I Am More Interested In Health Insurance"

"i Pay For Health Or Accident Insurance Personally"

Table: Attitudes Towards Health Insurance (% Of Respondents),

Purchasing Of Travel Insurance

"i Buy My Travel Insurance Through The Travel Agent"

"i Buy My Travel Insurance On An Annual Basis"

Table: Purchasing Of Travel Insurance (% Of Respondents),

Purchasing Of Buildings And Contents Insurance

"i Get My Buildings Insurance From My Mortgage Lender"

"i Get My Contents Insurance From My Mortgage Lender"

"i Do Not Buy Contents Insurance"

Table: Purchasing Of Buildings And Contents Insurance (% Of Respondents),

12. Company Profiles

Allianz Cornhill Insurance Plc

Corporate Strategy

Strengths And Weaknesses

Product And Brand Development

Advertising

Distribution

Profitability

Table: Financial Results For Allianz Cornhill Insurance Plc (£000, % And £), Years Endingst December-2004

Future Company Developments

Aviva Plc (norwich Union)

Corporate Strategy

Strengths And Weaknesses

Product And Brand Development

Innovations

Advertising

Distribution

Profitability

Table: Financial Results For Aviva Plc (£000, % And £), Years Endingst December-2005

Future Company Developments

Axa Insurance Plc

Corporate Strategy

Product And Brand Development

Advertising

Distribution

Profitability

Table: Financial Results For Axa Insurance Plc (£000, % And £), Years Endingst December-2005

Future Company Developments

Bupa Insurance Ltd

Corporate Strategy

Strengths And Weaknesses

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

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 Insurance Plc

Corporate Strategy

Strengths And Weaknesses

Product And Brand Development

Advertising

Distribution

Profitability

Table: Financial Results For Direct Line Insurance Plc (£000, % And £), Years Endingst December-2005

Future Developments

Royal & Sunalliance Insurance Group Plc

Corporate Strategy

Strengths And Weaknesses

Product And Brand Development

Innovations

Advertising

Distribution

Profitability

Table: Financial Results For Royal & Sunalliance Insurance Group Plc (£000, % And £), Years Endingst December-2005

Future Company Developments

Zurich Financial Services (ukisa) Ltd

Corporate Strategy

Product And Brand Development

Innovations

Advertising

Distribution

Profitability

Table: Financial Results For Zurich Financial Services (ukisa) Ltd (£000, % And £), Years Endingst December-2004

Future Company Developments

13. The Future

The Economy

Unemployment

Table: Forecast Actual Number Of Unemployed Persons (million),-2010

Gross Domestic Product

Table: Forecast Uk Growth In Gross Domestic Product In Real Terms (%),-2010

Inflation

Table: Forecast Uk Rate Of Inflation (%),-2010

Population

Table: Forecast Uk Resident Population By Sex (000), Mid-years-2010

Consumer Issues

Supplier Issues

Distribution Of Suppliers

Table: Forecast Sources Of Total Uk Personal-lines Business By Value (% And £m),-2010

Market Dynamics

Political Factors

Economic Factors

Social Factors

Technological Factors

Forecasts

Table: Forecast Total Uk Net Written Premium Income By Class Of Business (£m),-2010

Figure: Forecast Total Uk Net Written Premium Income By Class Of Business (£m),-2010

Table: Forecast Uk General Net Written Premium Income By Class Of Business (%),-2010

Figure: Forecast Total Uk Net Written Premium Income By Class Of Business (£m),-2010

Motor Insurance

Housing Insurance

Travel Insurance

Accident And Health Insurance

General Liability

Pecuniary Loss

14. Consumer Confidence

Methodology

Key Findings This Quarter

The Willingness To Borrow

Confidence Declines Again

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

Signs That The Decline Could Be Bottoming Out

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

The Willingness To Spend From Savings

Sharp Decline In Spending 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), May, August, November, February And May

Table D: The Proportion Of Adults Without Any Savings (%), May, August, November, February And May

Borrowing Grows In Relative Importance

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

15. Further Sources

Associations

Publications

General Sources

Government Publications

Other Sources

Bisnode Sources