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Direct Insurance Market Assessment 2010


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Previewing a Market Assessment

Published Date :
February 2010find similar
Report Type :
Market Assessmentfind similar
Report Sector :
Insurancefind similar
Price :
£ 575
Contents :
14 Chapters

Table of Contents

The table of contents below is for Direct Insurance 2010

Executive Summary

1. Introduction

Overview

Definition

2. Strategic Overview

Economic Trends

Population

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

Gross Domestic Product

Table.2: Uk Gross Domestic Product At Current And Annual Chain-linked Prices (£m),-

Inflation

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

Unemployment

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

Household Disposable Income

Table.5: Uk Household Disposable Income Per Capita (£),-

Market Dynamics And Segmentation

Market Segmentation

Long-term Insurance

General Insurance

Commercial Lines

Personal Lines

Market Dynamics

The General Insurance Market

Direct Insurance

General Insurance Premiums

Market Shares By Business Line

The Fastest-growing Sector

The Slowest-growing Sectors

Table.6: Detailed Premium Analysis In The Uk By Lines Of Business Premium Income (£m), And % Change /2005,/2006,/2007 And/

General Insurance Market Share

Table.7: Sector Shares Of General Insurance Market By Total Net Premium (%),-

Figure.1: Sector Shares Of General Insurance Market By Total Net Premium (%),

Market Dynamics And Distribution

Distribution

Direct Sales Forces

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

Mobile Internet

Competitive Structure

Distribution Of Total General Insurance Business

Table.8: Sources Of Total Uk General Insurance Business By Value (% And £m),-

Distribution Of Commercial Insurance Channels

Table.9: Sources Of Total Uk Commercial-lines Business By Value (% And £m),-

Distribution Of Personal-lines Business By Channel

Table.10: Sources Of Total Uk Personal-lines Business By Value (%, £m And Index=100),-

Market Leaders

Table.11: Mergers And Acquisitions In The Uk General Insurance Industry,-

Table.12: The Largest General Insurers By Total Net Written Premium (£m),-

Owners Of Direct Insurers

Table.13: Direct Insurers' Owners,

Advertising

Table.14: Main Media Advertising Expenditure On General Insurance Multiproduct (£000), Year Ending September

Brand Visibility On Google

Direct Sales Competition

Non-uk Sectors

Marketing

Direct Sales

The Consumer

Consumer Dynamics

Convenient And Cheap Insurance

I Will Use The Most Convenient Means To Get Insurance Cover

I Want To Get The Cheapest Insurance Cover

Choosing An Insurance Company

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

Direct Purchasing Of Insurance Policies

I Buy My Insurance Company's Own Policies Direct

I Buy My Bank's Own Policies Direct

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

Methods For Arranging Insurance And Online Searches

I Want To Arrange My Insurance Face-to-face With The 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

Consumer Confidence

Regulation

Financial Services Authority

Market Forecasts

Market Size

Future Prospects For Direct Insurance

Future Impact Of Regulatory Changes And Growth In E-business

3. Motor Insurance

Background

Market Size

Table.1: The Uk Motor Insurance Market† By Net Written Premiums And Underwriting Profit (£m And Index=100),-

Market Penetration

Market Share

Table.2: The Top Ten Private Motor Insurers By Uk Net Written Premiums, And

Distribution

Table.3: Sources Of Personal Motor Insurance Business By Value (%),-

Marketing Activity

Advertising

Main Media Advertising Expenditure

Table.4: Main Media Advertising Expenditure On Motor Insurance (£000), Year Ending September

Market Segments Are Also Being Targeted

Consumer Trends

Claims

Household Expenditure

Table.5: Average Weekly Household Expenditure On Motor Insurance (£),/2005-

Consumer Dynamics

I Buy My Motor Insurance Through A Broker

I Prefer To Buy My Motor Insurance Direct

Suppliers

Table.6: The Top Ten Most Popular Motor Insurance Websites, November

4. House Insurance

Background

Definitions

Contents Insurance

Buildings Insurance

Mortgage Lenders

Recent Risks

Table.1: Major Weather Incidents In The Uk By Cost (£m),-

Risk And Direct Insurers

Market Size

Table.2: The Uk Domestic Property Damage Revenue Account† By Net Written Premiums And Underwriting Profit (£m And Index=100),-

Market Share

Table.3: The Top Ten Household (domestic Property) Insurers By Uk Net Written Premiums, And

Distribution

Table.4: Sources Of Personal Lines Property Premiums By Value (%),-

Marketing Activity

Advertising

Main Media Advertising Expenditure

Table.5: Main Media Advertising Expenditure On Home Insurance Including Buildings And Contents Insurance (£000), Year Ending September

Consumer Trends

Consumer Dynamics

Buildings Insurance

I Buy My Buildings Insurance Through A Broker

I Buy My Buildings Insurance Direct

Contents Insurance

I Buy My Home Contents Insurance Through A Broker

I Buy My Home Contents Insurance Direct

Suppliers

Table.6: The Ten Most Popular House Insurance Websites, November

5. Travel Insurance

Background

Market Size

Table.1: The Uk Travel Insurance Market By Gross Written Premiums (£m And Index=100), -

Market Share

Distribution

Marketing Activity

Advertising

Main Media Advertising Expenditure

Table.2: Main Media Advertising Expenditure On Travel And Sport Insurance (£000), Year Ending September

Consumer Trends

Overseas Visits

Table.3: Visits Abroad By Uk Residents (000),-

Consumer Dynamics

I Buy My Travel Insurance Through A Broker

I Buy My Travel Insurance Direct

Suppliers

Table.4: The Ten Most Popular Travel Insurance Websites, November

6. Health Insurance

Background

Definitions

Personal Accident

Private Medical Insurance

Cash Plans

Market Size

Table.1: The Uk Accident Insurance† Market By Net Written Premiums And Underwriting Profit (£m And Index=100), -

Table.2: The Uk Health Insurance† Market By Net Written Premiums And Underwriting Profit (£m And Index=100),-

Market Share

Accident Insurance

Table.3: The Top Ten Accident Insurers By Uk Net Written Premiums, And

Health Insurance

Table.4: The Top Ten Health Insurers By Uk Net Written Premiums, And

Private Medical Insurance

Table.5: The Private Medical Insurance Market By Volume And Claim Amounts Incurred (000 And £m),-

Distribution

Long-term Care

Sickness Insurance

Marketing Activity

Advertising

Main Media Advertising Expenditure

Table.6: Main Media Advertising Expenditure On Private Healthcare Insurance (£000), Year Ending September

Consumer Trends

Consumer Dynamics

I Buy My Health Insurance Direct

Suppliers

Table.7: The Nine Most Popular Health Insurance Websites, November

7. Pet Insurance

Background

Market Size

Table.1: The Uk Pet Insurance Market By Net Written Premiums (£m And Index=100),-

Consumer Trends

Consumer Dynamics

I Buy My Pet Insurance Direct

Marketing Activity

Advertising

Table.2: Main Media Advertising Expenditure On Pet Insurance Including Livestock (£000), Year Ending September

Distribution

Suppliers

Table.3: Principal Pet Insurance Websites, November

8. An International Perspective

Market Background

Distribution

Insurance Mediation Directive (directive/92/ec)

Europe

Life Insurance Distribution

Table.1: Breakdown Of Life Insurance Premiums By Distribution Channel (%),

General Insurance Distribution

Table.2: Breakdown Of Non-life Insurance Premiums By Distribution Channel (%),

Leading Players

9. Pest Analysis

Political Factors

Political Prospects

Economic Factors

The Future

Social Factors

The Future

Technological Factors

The Future

10. Consumer Dynamics

Overview

Summary Of Results

Table.1: Summary Of Results (% Of Respondents), , And

Choosing An Insurance Company

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.2: Choosing An Insurance Company (% Of Respondents),

Direct Purchasing Of Insurance Policies

I Buy My Insurance Company's Own Policies Direct

I Buy My Bank's Own Policies Direct

Table.3: Direct Purchasing Of Insurance Policies (% Of Respondents),

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

Table.4: Direct Purchasing Of Insurance Policies (% Of Respondents),

Methods For Arranging Insurance And Online Searches

I Want To Arrange My Insurance Face-to-face With The Insurer

I Want To Arrange My Insurance Direct With The Insurer By Telephone

Table.5: Methods For Arranging Insurance And Online Searches (% Of Respondents),

I Want To Do My Own Online Search Before Choosing My Insurer

Table.6: Methods For Arranging Insurance And Online Searches (% Of Respondents),

Motor Insurance

I Buy My Motor Insurance Through A Broker

I Prefer To Buy My Motor Insurance Direct

Table.7: Purchasing Of Motor Insurance (% Of Respondents),

House Insurance

Buildings Insurance

I Buy My Buildings Insurance Through A Broker

I Buy My Buildings Insurance Direct

Table.8: Purchasing Of Buildings Insurance (% Of Respondents),

I Buy My Home Contents Insurance Through A Broker

I Buy My Home Contents Insurance Direct

Table.9: Purchasing Of Buildings Insurance (% Of Respondents),

Travel Insurance

I Buy My Travel Insurance Through A Broker

I Buy My Travel Insurance Direct

Table.10: Purchasing Of Travel Insurance (% Of Respondents),

Health And Pet Insurance

I Buy My Health Insurance Direct

I Buy My Pet Insurance Direct

Table.11: Purchasing Of Health And Pet Insurance (% Of Respondents),

Convenient And Cheap Insurance

I Will Use The Most Convenient Means To Get Insurance Cover

I Want To Get The Cheapest Insurance Cover

Table.12: Convenient And Cheap Insurance (% Of Respondents),

11. Company Profiles

Admiral Group Plc

Corporate Strategy

Strengths And Weaknesses

New Product And Brand Development

Advertising

Distribution

Profitability

Table.1: Financial Results For Admiral Group Plc (£000 And %), Years Endingst December-

Future Company Developments

Allianz Holdings Plc

Corporate Strategy

Strengths And Weaknesses

Brand Development

Innovations

Appointments

Distribution

Profitability

Table.2: Financial Results For Allianz Holdings Plc (£000 And %), Years Endingst December-

Future Company Developments

Aviva Plc

Corporate Strategy

Strengths And Weaknesses

Long-term Savings

General Insurance

Commercial Insurance

New Product And Brand Development

Innovations

Advertising

Distribution

Profitability

Table.3: Financial Results For Aviva Plc, (£000 And %), Years Endingst December-

Future Company Developments

Axa Insurance Uk Plc

Corporate Strategy

Strengths And Weaknesses

New Product And Brand Development

Advertising

Distribution

Profitability

Table.4: Financial Results For Axa Insurance Uk Plc (£000 And %), Years Endingst December-

Future Company Developments

Esure Insurance Ltd

Corporate Strategy

Strengths And Weaknesses

New Product And Brand Development

Advertising

Distribution

Profitability

Table.5: Financial Results For Esure Insurance Ltd (000 And %), Years Endingst December-

Future Company Developments

Royal Bank Of Scotland Insurance

Churchill Insurance Company Ltd

Corporate Strategy

Strengths And Weaknesses

Product And Brand Development

Advertising

Distribution

Profitability

Table.6: Financial Results For Churchill Insurance Company Ltd (£000 And %), Years Endingst December-

Future Company Developments

Direct Line Insurance Plc

Corporate Strategy

Strengths And Weaknesses

Product And Brand Development

Advertising

Distribution

Profitability

Table.7: Financial Results For Direct Line Insurance Plc (£000 And %), Years Endingst December-

Future Company Developments

Royal & Sun Alliance Insurance Plc

Corporate Strategy

Strengths And Weaknesses

New Product And Brand Development

Appointments

Advertising

Distribution

Profitability

Table.8: Financial Results For Royal & Sun Alliance Insurance Plc (£000 And %), Years Endingst December-

Future Company Developments

Tesco Personal Finance Plc

Corporate Strategy

Strengths And Weaknesses

New Product And Brand Development

Advertising

Distribution

Profitability

Table.9: Financial Results For Tesco Personal Finance Plc (£000 And %), Years Endingst December, St December Andth February

Future Company Developments

12. The Future

The Economy

Population

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

Gross Domestic Product

Table.2: Forecast Uk Growth In Gross Domestic Product In Real Terms (%),-

Inflation

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

Unemployment

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

Market Forecasts

General Insurance

Market Dynamics

Table.5: Forecast Sources Of Total Uk General Insurance Business By Value (% And £m),-

Commercial Insurance

Distribution

Table.10: Forecast Uk Sources Of Commercial-lines Business By Value (%),-

Personal-lines Insurance

Table.6: Forecast Sources Of Uk Personal-lines Business By Value (% And £m),-

Motor Insurance

Table.8: Forecast Sources Of Personal-lines Motor Insurance Business By Value (%),-

House Insurance

Table.9: Forecast Sources Of Personal-lines Property Premiums By Value (%),-

Other Personal-lines Insurance

Strategic Options

The Future Of Mobile Internet

The Future

Technological Competition In Commercial Insurance

Conclusion

13. Further Sources

Associations

Publications

General Sources

Government Publications

Other Sources

Key Note Sources