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UK Household Insurance: Competitor Dynamics

$1,295.00
By:
, Published: Sep-2016
The UK household insurance market is a highly competitive market. Insurers that can control their costs are able to deliver profitable books even in soft market conditions, with rates reducing or remaining flat. The number of insurers active in this market makes it hard to generate rate increases on top of the increase in insurance tax. However, pricing is generally at a level that is unable to sustain an unusual weather event such as the floods .....

UK Home Emergency Insurance 2016

$3,450.00
By:
, Published: Sep-2016
Recent changes to the regulation of the home emergency market are forcing providers to rethink their sale strategies. Insurers are currently striving to adhere to the new market rules while ensuring the processes that initially brought success remain intact, such as selling products as add-ons to a regular household insurance policy. A sizable proportion of consumers still purchase home emergency cover as a standalone product – with good reason, .....

Blockchain: An Emerging Digital Platform for Insurers

$1,295.00
By:
, Published: Sep-2016
Blockchain is a distributed ledger that is broadly discussed as a technology with huge innovation potential in all areas of financial services. To date, it is largely in the banking arena where blockchain use cases have been identified. However, blockchain technology also offers potential use cases for insurers, including innovating insurance products and services for growth, increasing effectiveness in fraud detection and pricing, and reducing a.....

UK Directors and Officers Insurance: Market Dynamics and Opportunities 2016

$3,450.00
By:
, Published: Sep-2016
The UK directors and officers (D&O) insurance market has begun to stabilize following a period of growth. It was worth £199.8m in 2015, down 0.5% from 2014. Rates are softening, with the steepest declines at the larger end of the market due to overcapacity driving competition. On average rates are estimated to be falling by 3–5% per year. However the market is still highly profitable, with the COR expected to lie between 60–80%. Despite rates fal.....

Uncovering the Insurance Market in Gibraltar

$1,295.00
By:
, Published: Aug-2016
The Gibraltar-based insurance market services customers across Europe but has a most significant role within the UK insurance space, where a majority of its more than £3bn in business is found. Insurers located in Gibraltar collectively underwrite almost 20% of the UK’s private motor market. While a number of factors have been at play in leading insurers to domicile here, a number of factors – not least the impact of Brexit and the shift to Solve.....

UK Employers’ Liability Insurance: Market Dynamics and Opportunities 2016

$3,450.00
By:
, Published: Aug-2016
The UK employers’ liability insurance market continues to be characterized by overcapacity and unprofitability. While underlying demand for employers’ liability has steadily increased in recent years, premium rates continue to lag behind claims inflation. In the wake of the uncertainties created by the Brexit vote and the government’s personal injury reforms, the market could be in for a turbulent few years.

Customer Segmentation in UK Insurance: Digital Lifestyles

$2,795.00
By:
, Published: Aug-2016
Society is becoming increasingly connected. Technology has allowed us to be online anytime and anywhere, through portable devices such as smart phones and tablets. This means that consumers have instant access to goods, products, and services. Connection is also extending through the Internet of Things, where big data is collected through wearable tech, connected cars, and smart homes. The result is that consumers expect and look for ever-respons.....

UK Private Motor Insurance: Competitor Dynamics

$1,295.00
By:
, Published: Aug-2016
The UK Private Motor Insurance market is a highly competitive market. Insurers are struggling to make their books profitable, as claims continue to prove challenging. The number of insurers active in this market makes it hard to generate rate increases on top of the rise in insurance tax. With more regulation likely, insurers are continually looking at different ways to deliver competitive advantage.

UK Private Motor Insurance: Market Dynamics and Opportunities

$3,450.00
By:
, Published: Jul-2016
The private motor insurance market has grown in GWP following three years of successive decline. This change is primarily a result of premiums rising rapidly over 2015 in addition to a growing motor parc. Insurers raised their premiums in response to the impact falling rates in anticipation of LASPO had on market profitability. Insurers have also had to pass on a 3.5 percentage point IPT rise to 9.5% to customers. COR remained steady at just abov.....

UK Commercial Property Insurance: Market Dynamics and Opportunities

$3,450.00
By:
, Published: Jul-2016
The commercial property insurance sector has endured low premium rates for several years and 2015 has been no different. As a result, the value of the market has experienced little change and gross written premiums (GWP) are forecast to grow at a slow and steady rate. Commercial property insurance is very much a self-serving market, with progress only achieved if it creates opportunities for itself, i.e. more properties to insure. Currently, the .....

UK Commercial Motor Insurance: Market Dynamics and Opportunities

$3,450.00
By:
, Published: Jul-2016

The commercial motor insurance market grew slightly in 2015. This is a result of economic growth which has increased business prosperity and therefore the investment in commercial vehicles to support business expansion. The market remains at a COR of just under 100%; however, this has been strengthened by reserve releases. Without releases the market would be unprofitable, as insurers have been unable to keep rates in line with claims inflatio.....

UK Pet Insurance: Market Dynamics and Opportunities 2016

$3,450.00
By:
, Published: Jul-2016
2015 saw the UK pet insurance market continue to grow, with gross written premiums (GWP) increasing by 6.3% from £853m in 2014 to £910m in 2015. Medical inflation remains the underlying factor driving GWP, with the quality of medical treatments and veterinary procedures influencing cost greatly and sparking inflationary pressure. Product penetration has also grown, with the number of policy subscribers continuing its upward trend from 2012 to rea.....

Customer Segmentation in UK Insurance: Individualism

$2,795.00
By:
, Published: Jun-2016

Consumer expectations for their interactions with financial services are not built from experience with insurers or banks, but are benchmarked against contact with other retailers and services, such as Amazon, Netflix, and Uber. The advance of smart technology, the era of the “always on” generation, our willingness to share personal information in return for a convenient and personal experience, and the Big Data opportunities these create mean.....

UK Personal Insurance Distribution: Banks and Retailers

$3,450.00
By:
, Published: Jun-2016
An affinity scheme is a partnership in which an insurer underwrites insurance to be distributed via another company whose primary product or service is not insurance. This includes banks and retailers which together account for just under a fifth of GWP from the personal lines market, with banks generating two thirds of this. Banks and building societies are strong within the home insurance market due to close links with mortgage arrangements, an.....

UK Personal Injury Litigation 2016; The turbulent course of market-changing reform continues

$4,495.00
By:
, Published: Jun-2016
The personal injury sector continues its turbulent course of market-changing reform, with legislative, legal, and regulatory forces at work. While the market was just beginning to settle post-Legal Aid, Sentencing and Punishment of Offenders Act 2012 (LASPO), the game-changing reforms announced by the government in November 2015 have once again whipped up a storm of uncertainty.

High Net Worth Home Insurance 2016

$3,450.00
By:
, Published: May-2016
Wealthy individuals require specialist mid net worth (MNW) and high net worth (HNW) insurance policies that offer wider coverage, higher limits, and better service compared to standard products. This is due to the higher value of their assets, which may include multiple homes, luxury cars, yachts, antiques, jewelry, wine, and fine art. Home insurance is generally provided on a global all-risk cover basis, often with an element of legal protection.....

Broker Distribution Insight: Which Insurers Lead The Way?

$1,995.00
By:
, Published: Apr-2016
Brokers are a traditional and long-established channel insurers use to distribute their products; therefore it is essential the service insurers provide is adapted to broker needs. Easy and convenient access to product offerings and services is key, as is the provision of added support and guidance. Brokers are increasingly looking online to cater for smaller risks, and they also expect claims services and the speed of response to queries to be q.....

Customer Segmentation in UK Insurance: Convenience

$2,795.00
By:
, Published: Apr-2016
Demand for products and services is ultimately driven by consumers and their wants and needs. If consumers do not need, use, or value a product or service they will ignore it or find another product that does meet their demands. Therefore the design of products and services needs to be focused on the consumer – in this particular instance, those who constantly find themselves short of time, and/or are easily flustered when met with a complicated .....

UK Private and Commercial Landlord Insurance 2016

$5,250.00
By:
, Published: Apr-2016
The residential landlord market provides a mixed picture in terms of its current state and future outlook. While it has undergone significant growth over recent years, the market is ripe for change following government plans to raise taxes on secondary properties and increase stamp duty. Landlords may also be vulnerable to interest rate changes, which have caused some financial providers to revamp their lending criteria and introduce tougher rest.....

UK Personal Lines Distribution

$1,995.00
By:
, Published: Mar-2016

Almost half of policies across all of the personal lines markets are distributed through the direct channel.

Price comparison site usage has fallen but they remain an important port of call for customers – whether for research, quote comparison, or regular sales purposes.

The online channel remains important to consumers purchasing personal lines as the use of digital devices has become ubiquitous and internet usage gains in popu.....

UK Commercial Insurance Distribution 2016; An industry where adapting to the market is key

$5,250.00
By:
, Published: Mar-2016

Brokers continue to dominate the distribution of commercial insurance, with a 78.2% share of the market.

Provincial brokers are less concerned about growing their online propositions.

Banks have the potential to cross-sell insurance with their existing business services.

Micro-sized enterprises are driving the growth of price comparison sites.

Customer Segmentation in UK Insurance

$2,795.00
By:
, Published: Mar-2016

Success demands customer-centric models - a shift towards this approach is essential in order to create products that consumers want to buy and brands that consumers want to associate themselves with.

Attitudinal traits are rarely mutually exclusive - products or services that cater to a trend crossover offer consumers multiple benefits and will be attractive to a wider range of consumers.

Trust is key. A sense of honesty from a.....

Insurance Competitor Profile: Sainsbury’s

$2,795.00
By:
, Published: Mar-2016

Sainsbury’s Bank was the 20th most selected insurance brand for home insurance, according to our 2015 General Insurance Consumer Survey, while it was only 29th most popular for car insurance.

Sainsbury’s Bank’s insurance advertising has declined quite dramatically in the last couple of years.

UK Insurance Aggregators 2016

$3,450.00
By:
, Published: Mar-2016

Customers are loyal to their aggregator but not their insurance provider.

Policy price is the key determinant for customers purchasing through an aggregator.

Aggregators are building a connection with customers through advertising.

Direct Line Group Profile

$2,795.00
By:
, Published: Mar-2016

UK Insurance Limited is currently the sole underwriting entity for all of the brands in the group (with the exception of the international businesses and a small amount of personal lines business in the UK), as well as for partner brands.The company announced the sale of its international business units in 2014, thereby focusing on the UK as its sole core market .