Abstract
Introduction
The UK General Insurance Competitor Tracker Q2 2009 reviews the major
developments among the leading competitors in the UK general insurance market
including Aviva, RBS Insurance, AXA, RSA and Zurich. It includes information
on a range of issues including new product launches, new affinity partnerships
and other trading relationships and merger and acquisition activity.
Scope of this research
- Information on new product developments, acquisition activity, new
corporate partnerships and other new trading relationships.
- Insight on the following competitors: Allianz, AXA, Aviva, Fortis,
Groupama, The Lloyds Banking Group, RBS Insurance, RSA, Towergate and Zurich.
Research and analysis highlights
In June 2009, AXA announced that it had secured a new partnership with
low-cost airline Ryanair. The airline currently has 67 million customers.
Under the deal, AXA will provide travel insurance to Ryanair customers in the
form of single trip, multi trip and annual cover.
Fortis Insurance and the supermarket giant Tesco have signed an agreement
pursuant to which Fortis will take over as Tesco' s home and motor insurance
underwriter. The account is one of the largest in the market and should
significantly increase Fortis' market share.
Groupama is using cognitive interviewing techniques to improve its detection
of motor claims fraud. The insurer stated that a new team had undergone
rigorous and comprehensive training to enable the use of this highly
specialized technique.
Key reasons to purchase this research
- Keep up to date with the new trading relationships that your competitors
have entered into, including deals with affinity partners.
- Understand the new products which your competitors are bringing to market,
the main features of these products and the intended target market.
- Keep abreast of the insurance company or broker acquisitions that your
competitors are making.
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