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General Insurance Market Assessment 2010


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Previewing a Market Assessment

Published Date :
January 2010find 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 General Insurance 2010

Executive Summary

1. Introduction

Background

Regulation

Financial Services Authority

Definition

2. Strategic Overview

Economic Indicators

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

General Insurance Premiums

Market Shares By Business Line

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

General Business Capacity

Table.7: Total Free Reserves (£m And %),-

Figure.1: Total Free Reserves (£m),-

General Insurance Market Share

Table.8: Sector Shares Of General Insurance Market By Total Net Premium (%),-

Figure.2: Estimated Sector Shares Of General Insurance Market By Total Net Premium (%),

Distribution

National Brokers

Table.9: Top Ten Brokers By Brokerage Income (£000),

Other Brokers

Lloyd's Of London

Total General Insurance Business

Table.10: Sources Of Total Uk General Insurance Business By Value (% And £m),-

Commercial Insurance Channels

Table.11: Sources Of Total Uk Commercial-lines Business By Value (% And £m),-

Personal-lines Business

Table.12: Sources Of Total Personal-lines Business By Value (% And £m),-

Competitive Structure

Market Leaders

Table.13: Mergers And Acquisitions In The Uk General Insurance Industry,-

Table.14: The Largest General Insurers By Total Net Written Premium (£m),-

Advertising

Table.15: Main Media Advertising Expenditure On General Insurance Multiproducts (£000), Year Ending September

Consumer Trends

Attitudes Towards Insurers

Distribution Preferences

Preference Among Advisers

Consumer Confidence

Market Forecasts

3. Motor Insurance

Background

Road Traffic Acts-

Market Size

Table.1: Uk Total Motor Insurance By Annual Business By Net Written Premiums And Underwriting Profit (£m And Index=100),-

Market Penetration

Market Share

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

Distribution

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

Marketing Activity

Main Media Advertising Expenditure

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

Targeting Of Market Segments

Consumer Trends

Claims

Household Expenditure

Table.5: Average Weekly Household Expenditure On Motor Insurance (£),/2005,/2006, And

Consumer Survey

4. Housing Insurance

Background

Definitions

Contents Insurance

Buildings Insurance

Mortgage Lenders

Recent Risks

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

Market Size

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

Market Share

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

Commercial Property

Table.4: Commercial Property Insurance In The Uk By Net Written Premiums (£m),-

Major Perils

Table.5: Uk Property Gross Incurred Claims For Major Perils By Value (£m),-

Distribution

Table.6: Sources Of Personal Lines Property Premiums By Value (%),-

Marketing Activity

Main Media Advertising Expenditure

Table.7: Main Media Advertising Expenditure On Home Insurance† (£000), Year Ending September

Consumer Trends

Household Expenditure

Table.8: Average Weekly Household Expenditure On Household Insurance (£),/2005,/2006, And

Consumer Survey

5. Travel Insurance

Background

Market Size

Market Share

Distribution

Marketing Activity

Main Media Advertising Expenditure

Table.1: Main Media Advertising Expenditure On Travel And Sport Insurance (£000), Year Ending September

Consumer Trends

Overseas Visits

Table.2: Overseas Visits† By Uk Residents By Mode Of Transport (000),-

Consumer Survey

6. Accident And Health Insurance

Background

Definitions

Personal Accident Insurance

Private Medical Insurance

Cash Plans

Market Size

Accident Insurance

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

Health Insurance

Table.2: Uk Health Insurance By Annual Business 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 (000 And £m),-

Distribution

Marketing Activity

Main Media Advertising Expenditure

Private Healthcare Insurance

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

Consumer Trends

Household Expenditure

Table.7: Average Weekly Household Expenditure On Medical Insurance Premiums (£), /2005,/2006, And

Consumer Survey

7. General-liability Insurance

Background

Market Size

Table.1: Uk General-liability Insurance By Annual Business By Net Written Premiums And Underwriting Profit (£m And Index=100),-

Market Share

Principal Liability Insurers

Table.2: The Top Liability Insurers By Uk Net Written Premiums,-

Consumer Trends

Consumer Survey

8. Pecuniary And Other Insurance

Background

Pecuniary Loss: Mortgage Payment Protection Insurance And Mortgage Indemnity Insurance

Payment Protection Insurance

Extended Warranties

Market Size

Table.1: Uk Pecuniary Loss Insurance For `uk Risks' By Annual Business By Net Written Premiums And Underwriting Profit (£m And Index=100),-

Market Share

Table.2: The Top Ten Other Insurers† By Net Written Premiums, And

Consumer Trends

Consumer Survey

9. An International Perspective

Background

Profitability And The Insurance Cycle

Insurance Density

Table.1: The Top Countries For Non-life Insurance Premiums By Total Business And Insurance Density Per Capita ($),

Penetration

General Insurance Markets Compared

Table.2: The Top Countries For Non-life Insurance Premium Volumes ($m And %),

Deregulation

Emerging Markets

10. Pest Analysis

Political Factors

Economic Factors

Social Factors

Technological Factors

11. Consumer Dynamics

Overview

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

Analysis Of Results

"if My Insurer Refuses To Pay Out On A Claim, I Know What To Do"

"when I Take Out Insurance, I Find Contracts Are Easy To Read And Understand"

Table.2: Knowledge Of What To Do If An Insurer Refuses To Pay Out On A Claim, And Understanding Contracts (% Of Respondents),

"i Like To Shop Around For My Motor Insurance"

"i Buy My Buildings Insurance From My Mortgage Lender (past Or Present)"

Table.3: Shopping Around For Motor Insurance, And The Purchase Of Buildings Insurance From A Mortgage Lender (% Of Respondents),

"i Buy My Contents Insurance From My Mortgage Lender (past Or Present)"

"i Do Not Buy Contents Insurance"

Table.4: Purchase Of Contents Insurance From A Mortgage Lender, And Not Having Contents Insurance (% Of Respondents),

"i Buy My Travel Insurance Through Travel Agents"

"i Buy My Travel Insurance On An Annual Basis"

Table.5: Purchase Of Travel Insurance (% Of Respondents),

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

"i Have A Personal Health Insurance Policy (not Paid For By An Employer)"

Table.6: Greater Interest In Health Insurance, And Penetration Of Personal Health Insurance (% Of Respondents),

"i Am Fully Covered Against Legal Liability For Injury, Property Damage Or Financial Loss I Cause To Other People"

"when I Buy High-value Items, I Accept The Extended Warranty Offered By The Salesperson"

Table.7: Penetration Of Third-party Liability Insurance, And Acceptance Of Extended Warranties On High-value Items (% Of Respondents),

"if I Am Unable To Earn, My Inability To Pay Off My Debts Is Insured"

"i Choose My Insurer Based On Their Reputation"

Table.8: Penetration Of Insurance To Pay Off Debts If Unable To Earn, And Selection Of Insurers Based On Reputation (% Of Respondents),

"i Prefer To Buy My General Insurance Through Firms Such As Tesco, Marks & Spencer, Or John Lewis Partnership"

"i Prefer To Look For The Best Deals On Offer On The Internet Before Checking Out Alternatives"

Table.9: Preference For Buying General Insurance From Retailers, And For Researching Insurance Offers On The Internet (% Of Respondents),

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

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

Table.10: Renewing Insurance Policies Without Researching Alternatives, And Preference For Taking Advice From An Independent Adviser Or Broker (% Of Respondents),

"i Prefer To Take The Advice Of My Bank On General Insurance"

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

Table.11: Preference For Taking Advice From A Bank Or Building Society, And Meeting A Company Representative Before Taking Out General Insurance (% Of Respondents),

12. Company Profiles

Allianz Insurance Plc

Corporate Strategy

Strengths And Weaknesses

Brand Development

Innovations

Appointments

Distribution

Profitability

Table.1: Financial Results For Allianz Insurance 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.2: 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.3: Financial Results For Axa Insurance Uk Plc (£000 And %), Years Endingst December-

Future Company Developments

Bupa Insurance Ltd

Corporate Strategy

Strengths And Weaknesses

Product And Brand Development

Advertising

Distribution

Profitability

Table.4: Financial Results For Bupa Insurance Ltd (£000 And %), Years Endingst December-

Future Company Developments

Churchill Insurance Company Ltd

Corporate Strategy

Strengths And Weaknesses

Product And Brand Development

Advertising

Distribution

Profitability

Table.5: Financial Results For Churchill Insurance Company Ltd (£000 And %), Years Ending St December-

Future Company Developments

Direct Line Insurance Plc

Corporate Strategy

Strengths And Weaknesses

Product And Brand Development

Advertising

Distribution

Profitability

Table.6: Financial Results For Direct Line Insurance Plc (£000 And %), Years Endingst December-

Future Company Developments

Royal Bank Of Scotland Insurance

Royal & Sun Alliance

Corporate Strategy

Strengths And Weaknesses

New Product And Brand Development

Appointments

Advertising

Distribution

Profitability

Table.7: Financial Results For Royal & Sun Alliance Insurance Plc (£000 And %), Years Ending St December-

Future Company Developments

Zurich

Corporate Strategy

Strengths And Weaknesses

New Product Development

Innovations

Appointments

Advertising

Distribution

Profitability

Table.8: Financial Results For Zurich Financial Services (ukisa) Ltd (£000 And %), Years Ending St December-

Future Company Developments

13. The Future

The Economy

Forecast Economic Trends

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),-

Consumer Issues

Supplier Issues

Distribution

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

Forecasts To

Table.6: Forecast Sector Shares Of General Insurance Market By Total Net Premium (%),-

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

Conclusion

International Outlook

14. Further Sources

Associations

Publications

General Sources

Government Sources

Other Sources

Key Note Sources