Commercial Motor Insurance in the UK

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Commercial Motor Insurance in the UK, Key Trends
and Opportunities to 2018
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Summary

• The UK commercial motor insurance
  category has recorded growth since 2008, despite
  the synchronous recessionary backdrop. Gross
  written premiums rose at an annual rate of 7.2
  in 2012, to a total of GBP3.4 billion and a
  five-year high. During the review period
  (20082012), premiums posted a compound annual
  growth rate (CAGR) of 5.50. The recession
  resulted in faltering business confidence,
  lenders reducing the availability of credit, and
  a slump in capital spending including investment
  in commercial vehicles. Faced with a reduction in
  the underlying demand for commercial motor
  insurance, rate rises in the category were
  largely due to insurers hiking rates to protect
  profits. The total combined operating ratio for
  insurers operating in the category remained above
  100 during the review period and stood at a
  five-year low of 106 in 2012, indicating
  long-standing profitability struggles. Premium
  increases enacted during the review period have
  not been able to offset rising claims payouts, an
  increase in operating expenses, and record-low
  interest rates limiting returns on investments.
  The category is not expected to return to profit
  until 2015.

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Reason to Buy this Report

• Gain an understanding of the UK commercial motor
  insurance market size
• Learn about the performance of market drivers and
  distribution channels
• Understand the competitive landscape in terms of
  performance, profitability and product innovation
• Find out more on key deals and recent
  developments in the market
• To know more about this report click here
• http//www.jsbmarketresearch.com/finance-ban
  king/r-Commercial-Motor-Insurance-in-the-UK-Key-Tr
  ends-and-Opportunities-to-2018-107100

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Market Analysis
Market Size
Claims
Market Drivers
Market Outlook
Distribution Channels
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