Paul Thomen

Friday, 5 July 2013

UK Household Insurance Market Key Trends and Opportunities 2017

The report Household Insurance in the UK, Key Trends and Opportunities to 2017 by Timetirc is now available at RnRMarketResearch.com. Contact sales@rnrmarketresearch.com with Global Household Insurance in the UK, Key Trends and Opportunities to 2017 in subject line and your contact details to purchase this report or get your questions answered.

The report Household Insurance in the UK, Key Trends and Opportunities to 2017 provides market analysis, information and insights into the UK household insurance business & Provides a global snapshot of market size and market segmentation. Comprehensive analysis of claims, drivers and market outlook and distribution channels. Deals, news and regulatory developments. Detailed analysis of changing consumer preferences


Gross written premiums in the household insurance category rose by 0.6% annually in 2012, slowing from the expansion recorded in 2011. Premium income totaled GBP5.26 billion in 2012 and grew at a CAGR of 3.24% between 2008 and 2012. The strength of the housing market is a primary driver of demand for household insurance. 2012 saw slower growth in mortgage lending and house prices, and a slump in private housing construction. The soft recovery in the UK housing market, coupled with the fragility in the wider economy, will remain a challenge for the household insurance category. A strong rebound in economic growth is not expected to materialize until 2014, but as this recovery gains traction, growth rates in premiums will also pick up. Claims paid by household insurers jumped by 11.3% in 2012, in line with an increase in payouts for flood damage after heavy rainfall. The UK has experienced two of its wettest years on record since 2008, a factor behind the 19% rise in claims paid between 2008 and 2012. Despite high claims payouts and a fall in investment income, household insurers remained profitable during the review period. This strong underwriting base faces challenges ahead, however, as the model of distribution shifts in favor of price-comparison websites.


Scope

- This report provides a comprehensive analysis of the household insurance market in the UK
- It provides historical values for the UK’s household insurance market for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period
- It analyses the various distribution channels for household insurance products in the UK
- Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in the UK for the household insurance business
- It profiles the top household insurance companies in the UK and outlines the key regulations affecting them

Reasons To Buy

- Gain an understanding of UK household insurance market size
- Learn about the performance of claims, market drivers and distribution channels
- Understand the competitive landscape in terms of performance, profitability and product innovation
- Find out more about key deals and recent developments in the market
- Gain insight into consumer loyalty to brands and the use of comparison websites


Key Highlights

- Market performance in terms of premium growth slowed in 2012
- The housing market has displayed renewed weakness
- Growth in claims has surged but the category has remained profitable
- A deal on flooding is the biggest hurdle
- Consumers will continue to seek competitive prices
- Growth in gross written premiums expected to settle around 2.5% by 2017


Table of Content

Company Profiles 
11.1 Ace European Group Ltd – Company Overview
11.1.1 Ace European Group Ltd – key facts
11.1.2 Ace European Group Ltd – main products
11.1.3 Ace European Group Ltd – main competitors
11.1.4 Ace European Group Ltd – key employees
11.2 Ageas (UK) Limited – Company Overview
11.2.1 Ageas (UK) Limited – key facts
11.2.2 Ageas (UK) Limited – main products
11.2.3 Ageas (UK) Limited – main competitors
11.2.4 Ageas (UK) Limited – key employees
11.3 Aviva plc – Company Overview
11.3.1 Aviva plc – key facts
11.3.2 Aviva plc – main products
11.3.3 Aviva plc – main competitors
11.3.4 Aviva plc – key employees
11.4 AXA UK plc – Company Overview
11.4.1 AXA UK plc – key facts
11.4.2 AXA UK plc – main products
11.4.3 AXA UK plc – main competitors
11.4.4 AXA UK plc – key employees
11.5 Direct Line Insurance Group Plc – Company Overview
11.5.1 Direct Line Insurance Group Plc – key facts
11.5.2 Direct Line Insurance Group Plc – main products
11.5.3 Direct Line Insurance Group Plc – main competitors
11.5.4 Direct Line Insurance Group Plc – key employees
11.6 Hiscox Ltd – Company Overview
11.6.1 Hiscox Ltd – key facts
11.6.2 Hiscox Ltd – main products
11.6.3 Hiscox Ltd – main competitors
11.6.4 Hiscox Ltd – key employees
11.7 Legal & General Group Plc – Company Overview
11.7.1 Legal & General Group Plc – key facts
11.7.2 Legal & General Group Plc – main products
11.7.3 Legal & General Group Plc – main competitors
11.7.4 Legal & General Group Plc – key employees
11.8 National Farmers Union Mutual Insurance Society – Company Overview
11.8.1 National Farmers Union Mutual Insurance Society – key facts
11.8.2 National Farmers Union Mutual Insurance Society – main products
11.8.3 National Farmers Union Mutual Insurance Society – main competitors
11.8.4 National Farmers Union Mutual Insurance Society – key employees
11.9 Royal & Sun Alliance Insurance Plc – Company Overview
11.9.1 Royal & Sun Alliance Insurance Plc – key facts
11.9.2 Royal & Sun Alliance Insurance Plc – main products
11.9.3 Royal & Sun Alliance Insurance Plc – main competitors
11.9.4 Royal & Sun Alliance Insurance Plc – key employees
11.10 Zurich Insurance Plc – Company Overview
11.10.1 Zurich Insurance plc – key facts
11.10.2 Zurich Insurance plc – main products
11.10.3 Zurich Insurance plc – main competitors
11.10.4 Zurich Insurance plc – key employees

For more details contact Mr. Priyank Tiwari: sales@rnrmarketresearch.com / +18883915441
Website: http://www.rnrmarketresearch.com

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