UK Private Motor Insurance: Market Dynamics and Opportunities
UK Private Motor Insurance: Market Dynamics and Opportunities

UK Private Motor Insurance: Market Dynamics and Opportunities


  • Products Id :- 248011
  • |
  • Pages: 43
  • |
  • |
  • |
  Request for Sample Report
  Request A Quote

Executive Summary

Summary

Private motor insurance GWP continued to decline in 2013. Insurance premiums also continued to fall, due to overcapacity and the resulting high competition in the market. There have been reports of players reducing their books to limit exposure but this seems to have been met with increased appetite from others, and there is no indication of a decrease in market capacity in the near future.

Synopsis

Get an overview of the private motor insurance market, with an in-depth analysis of market size, claims, and profitability.

Develop strategies to approach opportunities arising in the market, and prepare for emerging challenges.

Reasons To Buy

How did the market perform in 2013, and how is it expected to perform in the coming years?

What are the main issues facing insurers in this market?

Key Highlights

Private motor insurance GWP continued to decline in 2013, shrinking by 4.8% to 10.8bn. Insurance premiums also continued to fall in Q1 2014, due to overcapacity and the resulting high level of competition in the market.

However, interviews with industry experts suggest that rates may be starting to harden in Q2 2014 in response to claims inflation, which is likely to drive a return to gradual growth in the market over the next few years.

In 2013 the private motor insurance market combined operating ratio (COR) saw its lowest level in years, falling from 108.2% in 2012 to 100.5%.



Read More



Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications

+91-9015378249

Single User License:
Report can be used by individual purchaser only

Site License:
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License:
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

To know more information on Purchase by Section, please send a mail to sales [@] kenresearch.com
 

select a license

Single User License
USD 3450 INR 232703
Site License
USD 6900 INR 465405
Corporate User License
USD 10350 INR 698108

NEWSLETTER BY CATEGORY




Testimonials

An excellent provider. Thorough, precise and outstanding insight. They drill down to what we need and their reports are effective at integrating text with supporting graphics and charts. Their reports are a great resource to go back too. ...

Coherent, high-quality, thoroughly-researched reports. We received a very quick response to all our queries which eventually expedited the entire process....

Well structured, the insights they shared with us were very helpful and reliable. Their timely assistance make their services invaluable to us. I would highly recommend them and would definitely use them again in the future if needed...

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....

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.... ...



Ken Research, Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49
     Gurgaon, Haryana - 122001, India

download

Company Brochure

Engage with Us

sales [@] kenresearch.com