This Slowdown in Growth in the UK Personal Insurance Market was Largely Driven by the Deterioration in the Private Motor Market, Which Saw a Decline in GWP Due to Increased Competition

DUBLIN, Ireland--Feb. 8, 2006--Research and Markets (http://www.researchandmarkets.com/reports/c32472) has announced the addition of UK Personal General Insurance 2005 to their offering.

This report analyzes the markets performance across key personal lines, providing insight into competitor strategies and the major issues affecting the market. Consumer data and the evolving dynamics of insurance distribution are also analyzed, and GWP forecasts for individual accident and health, private motor and household are presented.

Scope of this title:

-- GWP growth and profitability in individual accident and health, private motor, and household insurance provides an overview of market performance

-- Analysis of competitive dynamics, with profiles of the main competitors market share changes, performance ratios and strategies

-- Discussion of the key issues shaping the market at the moment, based on interviews with industry executives

-- GWP forecasts based on this forecast model and in-house industry expertise

Highlights of this title:

The personal insurance market grew by only 0.4 per cent in 2004. This slowdown in growth was largely driven by the deterioration in the private motor market, which saw a decline in GWP due to increased competition. The slowdown in the household sector also had an impact, as this market has otherwise grown rapidly in recent years.

The general insurance markets underwriting profit increased substantially in 2004, largely due to the beneficial effects of benign weather conditions on the overall claims bill.

The top 10 and mid-tier personal insurers took market share away from the bottom rung in 2004 as the level of provider consolidation in personal lines increased. Only three of the top 10 personal insurers lost market share in 2004.

Reasons to order your copy:

-- Understand the trends in changing consumer habits and purchase behavior to tailor your strategy to the esoteric needs of your customers

-- Benchmark your company's performance against your competitors

-- Develop your future business plans from an informed viewpoint with these GWP forecasts

Companies mentioned in the report include:

-- Norwich Union

-- Zurich FS

-- Fortis

-- BUPA

-- Royal & SunAlliance

-- AXA

-- CIS

For more information visit http://www.researchandmarkets.com/reports/c32472

Source: Datamonitor