UK Insurance Market Essentials - PowerPoint PPT Presentation

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UK Insurance Market Essentials

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The personal lines insurance market is expected to grow only very slowly over the next few years, as an incredibly competitive market flush with capacity will be unable to sustain rate hardening. A still-profitable home insurance market is under-priced for high-cost weather events, while the motor market jumped the gun on rate cuts in lieu of LASPO savings. The commercial lines market stepped into profitable territory in 2014. However, this was supported by reserve releases, and its underlying health is never clear given the heavy influence of long-tail business. Overcapacity remains but the market has started to see green shoots from improving economic conditions. GWP can now be expected to grow year-on-year. Key Findings - The total UK general insurance market grew by 0.5% in terms of GWP in 2014. - The personal lines market represented 63% of the total market in 2014. – PowerPoint PPT presentation

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Title: UK Insurance Market Essentials


1
UK Insurance Market Essentials
(Type, Mode of action, Crop Type and Geography) -
Size, Share, Global Trends, Company Profiles,
Demand, Insights, Analysis, Research, Report,
Opportunities, Segmentation and Forecast, 2013 -
2020
TELEPHONE 1 (503) 894-6022E-MAIL
sales_at_researchbeam.com
Published on Oct 2014
2


Report Overview
  • The personal lines insurance market is expected
    to grow only very slowly over the next few years,
    as an incredibly competitive market flush with
    capacity will be unable to sustain rate
    hardening. A still-profitable home insurance
    market is under-priced for high-cost weather
    events, while the motor market jumped the gun on
    rate cuts in lieu of LASPO savings. The
    commercial lines market stepped into profitable
    territory in 2014. However, this was supported by
    reserve releases, and its underlying health is
    never clear given the heavy influence of
    long-tail business. Overcapacity remains but the
    market has started to see green shoots from
    improving economic conditions. GWP can now be
    expected to grow year-on-year.
  • Key Findings
  • The total UK general insurance market grew by
    0.5 in terms of GWP in 2014.
  • The personal lines market represented 63 of the
    total market in 2014.
  • In contrast to a contracting personal lines
    space, the commercial lines market found
    reasonable growth after contraction over the
    previous three years.
  • Read More At http//www.researchbeam.com/uk-insur
    ance-essentials-market

3


Table of Content
  • Table Of Contents
  • 1. Total General Insurance Market
  • 2. Personal Insurance
  • 3. Commercial Insurance
  • 4. Distribution
  • 5. Appendix
  • Reasons To Buy
  • Access all of the key market-level metric data
    you need in one place for personal and commercial
    lines.
  • Build a view of the UK insurance market's
    health, by line, and the trends and figures that
    sit behind this.
  • Enquire More At http//www.researchbeam.com/uk-in
    surance-essentials-market/enquire-about-report

4



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s-market
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