The private motor insurance market is a highly competitive and relatively commoditized market. However, there are still features of the market that restrict competition and inflate premium prices. The Competition Commission launched its investigation into the private motor insurance market in September 2012, and is required to publish its final report in September 2014.
Examine the regulatory changes that will happen in the private motor insurance market as a result of the Competition Commission investigation.
Gain insight into how the remedies proposed by the Competition Commission may affect the private motor insurance and aggregator markets.
Inform yourself on how and when the remedies proposed by the Competition Commission are likely to be implemented.
Reasons To Buy
What are the issues identified by the Competition Commission investigation?
What are the remedies proposed by the Competition Commission to resolve the identified issues?
How will the proposed remedies impact the private motor insurance and aggregator markets?
If the proposed remedies for the separation of cost liability and cost control are implemented, non-fault claims for replacement vehicles would be incurred by the non-fault insurer, which would necessitate a change to how policies are underwritten.
One of the remedies proposed to improve the transparency of add-ons aims to list add-on information and pricing on aggregators. Listing add-ons on aggregators with full pricing information would increase competition in this space, leading to lower profit margins for insurers.
The prohibition of wide most favored nation clauses from aggregator-insurer contracts seems very likely to happen. This would increase competition between aggregators and lower barriers to entry into the aggregator market.
Single User License:
Corporate User License:
select a license
NEWSLETTER BY CATEGORY
The report sent to us was on the point, and its information was quite extensive, well structured, and well researched. More importantly what we valued was your response time and professionalism. As a leading global consulting firm, our clients expect high quality deliverables in short periods of time, so a reliable research partner is essential. For the price that you have charged the quality of your services were exceptional. We look forward to continue our relationship with your team on future engagements.... "Senior Associate, Booz Allen Hamilton"
This is with regards to your report on India PVC pipes and fitting market outlook industry outlook to 2019. This is a very well written report and accept my compliments on the same.... ... "Mohit Mittal, Consultant, KPMG Advisory Services"
I am pleased to see the very useful and productive information in the report..Very well structured great presentation reflect professionalism in your research studies.... "Mustafa Masood, Financial Analyst , Coldwell Banker Riyadh"
While we still are studying and analysing your reports about Vietnam & Thailand, we would like to convey to your research team that they have done a very good job in compiling so much of information together. We hope to see more of such well researched reports. All the best & keep it up. ... "Prashant Bhagwat,General Manager, Mahindra"
We would like to appreciate Ken Research for their great efforts and wonderful support in providing the Market Intelligence Report for ITPC. The information, statistics and research are well understandable and very clear to the point. We are happy with Ken research for their good client service, on-time delivery of the report and as said the report itself. Thank you Ken research for bringing the valuable output for us. We would be looking forward to have more research with you in the near future. Wish you a success in your business!... "Jestin Mathew, Indonesian Trade Promotion Center"