Abstract
Summary
Introduction
This brief analyses the issues affecting the market and also provides data on
the market size, structure and profitability. It discusses the impacts of the
credit crunch on the market and the growing use of aggregators. It also
includes data and insight on market growth, premium rates, claims costs,
underwriting profit and includes market forecasts.
Scope of this research
- Insight into the effects of the credit crunch, including the major changes
to the competitor rankings.
- Data on market growth, premium rate changes, claims costs and underwriting
profits.
- Forecasts of the future size of the market, its underwriting profit and
the drivers that will affect the market going forward.
Research and analysis highlights
The merger of Lloyds TSB and HBOS Group to form Lloyds Banking Group has
created a home insurance powerhouse Datamonitor estimates that the new group
becomes the third largest home insurance underwriting group, given the
combination of Lloyds TSB Insurance and St. Andrew' s and esure.
The growing use of aggregators has served to increase consumers' focus on the
price of home insurance. Interviewees commented that aggregators were a large
part of the reason for the lack of price movement in 2008.
Key reasons to purchase this research
- Understand which of your competitors pose the greatest threat, which
competitors are gaining market share and which are losing market share.
- Gain insight into the future direction of the sector, including market
size and underwriting profitability and the major issues affecting the market.
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