Insurance Industry in the United Kingdom

Table of Contents

1. Market Overview

• Table 1: UK Recent Past, Current & Future Analysis for Insurance Industry by Segment - Life & Non-Life Markets Independently Analyzed with Annual Premium Income in GBP Billion for the Years 2006 through 2010 (includes corresponding Graph/Chart)
• Table 2: UK 5-Year Perspective for Insurance Industry by Segment - Percentage Breakdown of Premium Income for Life and Non-Life Markets for 2006, 2008, and 2010 (includes corresponding Graph/Chart)
• Table 3: UK Insurance Industry (2006): Per Capita Premium in US$, and Penetration of Insurance by Category - Life & Non-Life
• Market Snippets
• Health Insurance: An Illustrious Year ...
• Internet Aids Growth of Travel Insurance Market
• Table 4: UK Recent Past, Current & Future Analysis for Travel Insurance Market in GBP Million for the Years 2006 through 2010 (includes corresponding Graph/Chart)
• Table 5: UK Travel Insurance: Gross Written Premium in Pound Million for Years 2001 through 2005 (includes corresponding Graph/Chart)
• Travel Insurance Sector Fueled by Britain' s Growing Emigrant Community
• Growing Popularity of Annual Insurance Policies to Drive Travel Insurance Sector
• Travel Insurance Markets Register Higher Value Growth
• Increasing Foreign Trips Fuel Travel Insurance Penetration Levels
• Ageing Passengers to Fuel Insurance Sales
• ATII Raises Concern on Travel Insurance Sales
• Travel Insurance Intermediaries Express Disapproval over Sales
• Travel Agents' Share Declines for Travel Insurance Distribution Channel
• Rising Medical and legal costs Spiral Personal Injury Claims
• Demand for Annuities Set to Rise Rapidly
• UK Insurance Industry Snapshots
• Relative to World
• Relative to Europe
• Relative to the UK
• More Facts about the UK Insurance Industry
• Get...Set...Grow...
• Investigations Unearth Startling Facts...

2. Structure of the UK Insurance Market

• General & Long Term Insurance - A Unique Market Split
• Market Concentration
• Table 6: UK Insurance Market (2005): Number of Companies By Category for General Insurance, Long-Term Business and Both (includes corresponding Graph/Chart)
• Table 7: UK Insurance Market (2005): Average Annual Household Expenditure on Insurance in Pounds by Segment - Home Buildings/Structure, Home Contents, Income Protection, Life Insurance, Medical, Motor, Mortgage Protection, and Personal Pension (includes corresponding Graph/Chart)
• Motor Insurance - A Highly Concentrated Market
• Table 8: UK Private Motor Insurance Market: Net Written Premium in Pound Billion for Years 2005 & 2006
• Private Motor Insurance Market Records Declining Profitability
• Green Motor Insurance Line to Grow
• An Increasing Car Insurance Premiums
• In-Vehicle Telematics Technology for The UK Motor Industry - A Brief
• Motor Insurance Industry and Telematics
• Aging Baby Boomers - A Concern in the UK Insurance Industry
• High Proportion of Overseas Business
• Table 9: UK Insurance Industry (2005): Percentage Breakdown of New Business Premium Mix by Category - Mutual, Overseas, UK Listed, and Others (includes corresponding Graph/Chart)
• Stocks and Shares Rank Top line Choices for Insurers' Investment Holdings
• Table 10: UK Insurance Market (2005): Total Long Term and General Insurance Investment Holding in ? Billion by Category - Public Sector Securities, Ordinary Stocks and Shares, Property, Unit Trusts, and Cash and Other Investments (includes corresponding Graph/Chart)
• Table 11: UK Insurance Market (2004): Total Long Term 1: UK Recent Past, Current & Future Analysis for Insurance Industry by Segment - Life & Non-Life Markets Independently Analyzed with Annual Premium Income in GBP Billion for the Years 2006 through 2010 (includes corresponding Graph/Chart)
• Table 2: UK 5-Year Perspective for Insurance Industry by Segment - Percentage Breakdown of Premium Income for Life and Non-Life Markets for 2006, 2008, and 2010 (includes corresponding Graph/Chart)
• Table 3: UK Insurance Industry (2006): Per Capita Premium in US$, and Penetration of Insurance by Category - Life & Non-Life
• Market Snippets
• Health Insurance: An Illustrious Year ...
• Internet Aids Growth of Travel Insurance Market
• Table 4: UK Recent Past, Current & Future Analysis for Travel Insurance Market in GBP Million for the Years 2006 through 2010 (includes corresponding Graph/Chart)
• Table 5: UK Travel Insurance: Gross Written Premium in Pound Million for Years 2001 through 2005 (includes corresponding Graph/Chart)
• Travel Insurance Sector Fueled by Britain' s Growing Emigrant Community
• Growing Popularity of Annual Insurance Policies to Drive Travel Insurance Sector
• Travel Insurance Markets Register Higher Value Growth
• Increasing Foreign Trips Fuel Travel Insurance Penetration Levels
• Ageing Passengers to Fuel Insurance Sales
• ATII Raises Concern on Travel Insurance Sales
• Travel Insurance Intermediaries Express Disapproval over Sales
• Travel Agents' Share Declines for Travel Insurance Distribution Channel
• Rising Medical and legal costs Spiral Personal Injury Claims
• Demand for Annuities Set to Rise Rapidly
• UK Insurance Industry Snapshots
• Relative to World
• Relative to Europe
• Relative to the UK
• More Facts about the UK Insurance Industry
• Get...Set...Grow...
• Investigations Unearth Startling Facts...

2. Structure of the UK Insurance Market

• General & Long Term Insurance - A Unique Market Split
• Market Concentration
• Table 6: UK Insurance Market (2005): Number of Companies By Category for General Insurance, Long-Term Business and Both (includes corresponding Graph/Chart)
• Table 7: UK Insurance Market (2005): Average Annual Household Expenditure on Insurance in Pounds by Segment - Home Buildings/Structure, Home Contents, Income Protection, Life Insurance, Medical, Motor, Mortgage Protection, and Personal Pension (includes corresponding Graph/Chart)
• Motor Insurance - A Highly Concentrated Market
• Table 8: UK Private Motor Insurance Market: Net Written Premium in Pound Billion for Years 2005 & 2006
• Private Motor Insurance Market Records Declining Profitability
• Green Motor Insurance Line to Grow
• An Increasing Car Insurance Premiums
• In-Vehicle Telematics Technology for The UK Motor Industry - A Brief
• Motor Insurance Industry and Telematics
• Aging Baby Boomers - A Concern in the UK Insurance Industry
• High Proportion of Overseas Business
• Table 9: UK Insurance Industry (2005): Percentage Breakdown of New Business Premium Mix by Category - Mutual, Overseas, UK Listed, and Others (includes corresponding Graph/Chart)
• Stocks and Shares Rank Top line Choices for Insurers' Investment Holdings
• Table 10: UK Insurance Market (2005): Total Long Term and General Insurance Investment Holding in ? Billion by Category - Public Sector Securities, Ordinary Stocks and Shares, Property, Unit Trusts, and Cash and Other Investments (includes corresponding Graph/Chart)
• Table 11: UK Insurance Market (2004): Total Long Term and General Insurance Investment Holding in ? Billion (includes corresponding Graph/Chart)
• Direct Writers - A Key Link in the Market Vertical
• Fluctuating Regulations Cast a Spell of Chaos on the Industry
• United Kingdom' s Insurance Market Unstable
• ' Long Life' Products Go Strong
• Table 12: UK Life Insurance Industry: Life Annualized New Business in US$ Billion and Percentage Value Breakdown of LANB by Savings & Protection, Pensions, Pension Annuities and Group Risk (Regular, Non-Profit) for the Years 2001, 2002, 2003, 2004, 2005 and 2010 (includes corresponding Graph/Chart)
• E-Commerce & Outsourcing - To Rise & Shine the UK Insurance Sector
• Investment Pattern
• Consumer Trends
• Women Not a Popular Target for Online Insurers
• Consumer Preferences

3. Insurance Market Trends

• Officers and Directors Insurance Market in the UK Registers Stagnant Growth
• Mutual Insurance Gains Ground Amid Adversities
• Online Insurance on the Rise
• Table 13: Online Insurance Growth in the UK (2002-2005): Percentage Share of Online Sales of Motor and Home Insurances (includes corresponding Graph/Chart)
• Structural Insurance on Decline
• Product Diversification and Service Differentiation Drive Volumes
• Personal Lines - A Wave of Reforms
• Impact of Climatic Transitions on Insurance Industry
• Citizens of The UK Resort to Insurers for Settling Neighborly Disputes
• London Insurance Market - An Overview
• The UK Insurance Industry - An Overall Market Scenario
• The UK Commercial Insurance Fraud

4. A Review of UK Insurance Industry Sectors

• Long-Term Insurance
• Table 14: UK Long Term Insurance Market (2005): Net Premium Income in Pound Billion by Category - Group Pensions, Life & Annuities, Individual Pensions, and Income Protection & Other Business (includes corresponding Graph/Chart)
• Table 15: UK Long Term Insurance Market (2005): Benefits Paid in Pound Billion by Category - Life & Annuities, All Pensions, and Income Protection & Other Business (includes corresponding Graph/Chart)
• Table 16: UK Long Term Insurance Market (2005): Individual Business Policies in Million by Category - Life & Annuities, All Pensions, and Income Protection & Other Business (includes corresponding Graph/Chart)
• Table 17: UK Long Term Insurance (2005): Percentage Market Share of Sales by Category - Single Tie/Limited Range, IFAs/Whole of Market, and Non-Intermediated (includes corresponding Graph/Chart)
• Table 18: UK Long Term Insurance (2000-2004): ' Life & Annuities' Net Premium (NP) in US$ Billion and Percentage Breakdown of NP by Regular and Single Premiums (includes corresponding Graph/Chart) (includes corresponding Graph/Chart)
• Table 19: UK Long Term Insurance (2000-2004): Individual/ Other Pensions' Net Premium (NP) in US$ Billion and Percentage Breakdown of NP by Regular and Single Premiums (includes corresponding Graph/Chart)
• Table 20: UK Long Term Insurance (2000-2004): ' Income Protection' Net Premium (NP) in US$ Billion and Percentage Breakdown of NP by Regular and Single Premiums (includes corresponding Graph/Chart)
• Table 21: UK Long Term Insurance (2000-2004): Total Benefits (TB) in US$ Billion and Percentage Breakdown of Total Benefits by Pensions, Life & Annuities and Income Protection (includes corresponding Graph/Chart)
• Table 22: UK Long Term Insurance (2000-2004): Total Business Policies (TBP) in US$ Billion and Percentage Breakdown of TBP by Life & Annuities, Pensions and Income Protection Life Insurance (includes corresponding Graph/Chart)

4a. Life Insurance

• Table 23: Leading Players in the UK Insurance Market (2006): Percentage Breakdown of Net Premiums by Company - Standard Life, AVIVA Plc, Legal & General, Prudential, Lloyds TSB Group, Aegon, ALICO, HBOS Financial Services, AXA, Canada Life and Friends Provident (includes corresponding Graph/Chart)
• Table 24: UK Life Insurance Market (2006 & 2007): Percentage Market Share of Net Written Premiums by Category - Life Insurance, Individual Pensions, Occupational Pensions, Income Protection and Others (includes corresponding Graph/Chart)
• Table 25: UK Life Insurance Market (2005 & 2006): New Business Premiums (Regular) in Pound Million by Category - Individual Pension, Group Pension, Individual Protection, Group Protection, Investment & Savings, Collective Investment & Schemes, Other Stakeholder Products, and Offshore Business (includes corresponding Graph/Chart)
• Table 26: UK Life Insurance Market (2005 & 2006): New Business Premiums (Regular) by Distribution Channel - Single Tie, IFAs/Whole of Market, and Non- intermediated (includes corresponding Graph/Chart)
• Table 27: UK Life Insurance Market (2005 & 2006): New Business Premiums (Single) in Pound Million by Category - Individual Pension, Group Pension, Individual Protection, Pension Annuities & Income Drawdown, Investment & Savings, Collective Investment & Schemes, Other Stakeholder Products, and Offshore Business (includes corresponding Graph/Chart)
• Table 28: UK Life Insurance Market (2005 & 2006): New Business Premiums (Single) by Distribution Channel - Single Tie, IFAs/Whole of Market, and Non- intermediated (includes corresponding Graph/Chart)
• Categorization of the UK Life Insurers
• Restructuring of the Industry
• Opportunities for Life Insurers
• Life Insurance Prices to Drop in UK
• Outlook for the Life Market
• Industrial Branch Business
• About Endowment Mortgages
• Hybrid and Savings Plans - Futuristic in Nature
• The Pension Sector
• Table 29: UK Pension Market (2005): Total Funded Pensions in ? Billion by Type - Self-Administered Pensions, Insurance Individual Pensions, and Insurance Occupational Pensions (includes corresponding Graph/Chart)
• Compulsory Pension (Contributory State Pension)
• Safety Net Pension (Non-Contributory State Pension)
• Occupational Pensions (Voluntary)
• Personal Pensions and Other Retirement Savings (Voluntary)
• Stakeholder Pensions
• Pension Credit
• An Impetus to Sagging Pensions Market
• Traded Endowment Policies (TEPS)
• A Fast Growing Financial Services Segment
• The Origins
• Target Audience
• Triple Benefits
• Protection and Investor Considerations
• Supply and Demand Scenario - A Historic Review
• Table 30: Percentage of TEPS Offered by Life Companies to Market Makers (includes corresponding Graph/Chart)

4b. General Insurance

• Table 31: UK Non-Life Insurance Market (2006 & 2007): Percentage Breakdown of Net Written Premiums by Category - Motor, Property, Accident & Health, Pecuniary Loss, Liability and Others (includes corresponding Graph/Chart)
• Table 32: UK General Insurance Market (2005): Percentage Breakdown of Sales by Channel -Banks/Building Societies, Company Agents, Direct, Independent Intermediaries, Retailers/ Affinity Groups/ Utility Groups, and Others (includes corresponding Graph/Chart)
• Table 33: UK General Business Insurance Industry (2005): Domestic Risk Net Written Premium (NWP) in ? Billion and Percentage Breakdown of NWP by Sectors for Motor, Accident & Health, Property, Pecuniary Loss and General Liability (includes corresponding Graph/Chart)
• Table 34: UK General Business Insurance (Excluding UK Risks) Industry (2005): Net Written Premium (NWP) in ? Billion and Percentage Breakdown of NWP by Home Foreign, Marine Aviation & Transport, and Non-MAT Reinsurance (includes corresponding Graph/Chart)
• Table 35: UK Commercial Insurance Market (2005): Percentage Breakdown of Claims by Business Sectors - Employer' s Liability, Motor/Fleet Vehicle, Professional Indemnity, Property, and All Risks Packaged Policy (includes corresponding Graph/Chart)
• Table 36: UK General Business Insurance Industry (2000- 2004): Domestic Risk Net Written Premium (NWP) in US$ Billion and Percentage Breakdown of NWP by Sectors for Motor, Accident & Health, Property, Pecuniary Loss and General Liability (includes corresponding Graph/Chart)
• Table 37: UK General Business Insurance (Excluding UK Risks) Industry (2000-2004): Net Written Premium (NWP) in US$ Billion and Percentage Breakdown of NWP by Home Foreign, Non-MAT Reinsurance and Marine Aviation & Transport (includes corresponding Graph/Chart)
• Underwriting Profits
• Motor Insurance
• Uncertain Future
• Performance - A Perspective
• Table 38: UK Motor Revenue Account (2005): Net Written Premium (NWP) in Pound Million for Domestic and Commercial Segments (includes corresponding Graph/Chart)
• Table 39: UK Motor Revenue Account (2000-2004): Net Written Premium (NWP) in US$ Billion and Percentage Breakdown of NWP by Domestic and Commercial (includes corresponding Graph/Chart)
• Table 40: UK Motor Revenue Account (2000-2004): Claims Incurred (CI) in US$ Billion and Percentage Breakdown of CI by Domestic and Commercial (includes corresponding Graph/Chart)
• Competition Metamorphoses the UK Motor Industry
• Private and Commercial Motor Market
• Innovative Products at Low Premiums
• Motor Insurance Offer Low Returns on Capital
• Motor Cycle Claims
• Effect of Competition and Pricing

4c. Property Insurance

• Table 41: UK Property Damage Revenue Account (2005): Net Written Premium (NWP) in ? Million by Domestic and Commercial Segments by Category - Claims Incurred, Change in Provisions, Commission & Expenses, and Equalization Reserves (includes corresponding Graph/Chart)
• Table 42: UK Property Damage Revenue Account (2000-2004): Net Written Premium (NWP) in US$ Billion and Percentage Breakdown of NWP by Domestic and Commercial Segments (includes corresponding Graph/Chart)
• Table 43: UK Property Damage Revenue Account (2000-2004): Claims Incurred (CI) in US$ Billion and Percentage Breakdown of CI by Domestic and Commercial Segments (includes corresponding Graph/Chart)
• Equalization Reserves
• A Review of Past Performance
• Property Insurance Loses Ground
• Rate Hikes Indispensable
• Intermediaries Command Distribution of Home Insurance
• Price Sensitivity of Household Insurance Premiums
• Determinants
• Trend Towards Single Adult Homes
• Brighter Prospects in the Offing
• Competition Intensifies
• SMEs Becoming Key Customers for Property & Liability Insurers

4d. Accident and Health Insurance

• Table 44: Growth of Permanent Health Insurance Policies (includes corresponding Graph/Chart)
• Health Insurance Highlights
• Critical-Illness Plan to Dominate UK Market
• Corporate Sector Holds Hope for UK' s Health Insurance Market
• Rising Private Medical Insurance Claims
• Table 45: Ratio of the UK Working Age Over Pensionable Age (includes corresponding Graph/Chart)
• The Key for Retention
• Long Term Care
• Booming Long-Term Healthcare Insurance Market in the UK
• Control of Personal Investment Authority
• Outlook
• Changes in UK Healthcare System - Impacts on Healthcare Insurance

4e. General Liability Insurance

• Types of Covers
• Table 46: Liability Account Gross Premiums Written (? Million) (includes corresponding Graph/Chart)
• Accident Insurance Market Lurking with Unlimited Liability Cover

4f. Pecuniary Loss Insurance

• Key Types
• UK Creditor Insurance Market - An Overview
• Table 47: UK Recent Past, Current & Future Analysis for Credit Insurance Market in GBP Billion for the Years 2006 through 2010 (includes corresponding Graph/Chart)
• Popularity of PPI Declines in Recent Years
• PPI Affected by Negative Adulation
• Regulatory Assessment Highlights Several Failures in Creditor Insurance Industry
• Commercial Insurance For Small Business
• Commercial General Insurance Industry in the UK to Register Robust Growth
• Direct Writers Find Favor
• Searching for More Niches
• Brokers Calling the Shots
• Soft Market Leads to Policy Changes

4g. Pet Insurance Market

• ' Dogging' the Pet Insurance Segment
• Low Costs Spur Sales
• Table 48: UK Recent Past, Current & Future Analysis for Pet Insurance Market in US$ Million at Retail Price for the Years 2006 through 2010 (includes corresponding Graph/Chart)
• Competitive Scenario
• Table 49: Leading Players in UK Pet Insurance Market (2005): Percentage Market Share by Company - Allianz Cornhill, AXA Insurance, Domestic &General, Royal &SunAlliance, Thornside, UKI Partnerships, and Others (includes corresponding Graph/Chart)
• Changing Market Conditions
• Marketing and Distribution
• Outlook

4h. Personal Lines Insurance

• Home Insurance and Motor Insurance Rake in Most Subscriptions
• Table 50: UK Insurance Industry (2004): Household Expenditure by Percentage of Households Purchasing Insurance and Annual Expenditure Per Household in ? (includes corresponding Graph/Chart)
• Key Players

5. UK - Post September 11

• London Goes the Subscription Way
• Trends in Reinsurance

6. Key Market Trends/Issues - A Historic Review

• Dismal Market Conditions
• Bad Times for Insurers?
• Soft Markets for Commercial Insurance and Reinsurance
• Consolidation in the Insurance Market
• Consolidations in the IFA Sector
• IFAs Outlook Gloomy
• Few Investors Choose to Invest in IFA' s
• Flooding: A Cause of Concern for UK Insurers
• Concentration in the Non-Life Insurance Market
• Effect of Demographic Trends on Insurance Penetration
• Table 51: Population Trends: 1990-2030 (includes corresponding Graph/Chart)
• Information Technology in Insurance
• Distribution
• Entry of Banks Into Insurance
• Table 52: Leading Bancassurers in the UK by Net Reinsurance Premium: 2000 (? Million) (includes corresponding Graph/Chart)
• Work-Site Marketing Rising to New Heights

7. Marketing Strategies

• Telemarketing in the UK Insurance Market
• Advertisements
• Direct Mail
• E-commerce & M-commerce
• Customer Relationship Management (CRM)

8. Regulatory Environment

• Insurance Industry Joins Hands with CIFAS in Fraud Fighting Initiative
• Salient Features

9. Outlook

• Future Trends

10. Market Minder: ' Past' Bites

• Per Capita Insurance Expenditure
• Table 53: Household Expenditure on Insurance by Type in the UK: 2000 (includes corresponding Graph/Chart)
• Premiums & Claims
• Table 54: UK Motor Insurance Market (2002): Risks Premium Income by Category in ? Billion (includes corresponding Graph/Chart)
• Table 55: UK Private Motor Insurance Market (2001-2002): Percentage Breakdown of Premium Income by Distribution Channels (includes corresponding Graph/Chart)
• Table 56: UK Private & Commercial Motor Insurance Market (2002)
• Table 57: Long-Term Insurance Market in UK: 2000 (? Billion) (includes corresponding Graph/Chart)
• Table 58: Gross Premiums Written for UK Property/ Casualty Insurers: 2000 & 1999 (In ? Million) (includes corresponding Graph/Chart)
• Table 59: UK Motor Insurance Business: 2000 (? Billion (includes corresponding Graph/Chart))
• Market Leaders
• Table 60: Top-Five Players in the UK Life Insurance Market (2002) - Gross Written Premium in US$ Million for Barclays, Standard Life, Norwich Union, Prudential, and Halifax (includes corresponding Graph/Chart)
• Table 61: Top-Five Players in the UK Non-Life Insurance Market (2002) - Gross Written Premium in US$ Million for Norwich Union, Royal & Sun Alliance, Zurich, AXA, and Churchill (includes corresponding Graph/Chart)
• Table 62: Leading Players in the UK Private Motor Insurance Market (2002): Companies Ranked by Gross Earned Premium in ? Million and Vehicle Exposure in ' 000 Vehicle Years (includes corresponding Graph/Chart)
• Table 63: Leading Players in the UK Commercial Motor Insurance Market (2002): Companies Ranked by Gross Earned Premium in ? Million and Vehicle Exposure in ' 000 Vehicle Years (includes corresponding Graph/Chart)
• Table 64: Leading Insurance Players in the UK (2000): Company/Group Ranked by Premiums Written in US$ billion for CGU, Royal & Sun Alliance, Guardian Royal Exchange, BUPA, Corn hill, Z.F.S. Group, Direct Line, NFU, Independent Group and GE Financial (includes corresponding Graph/Chart)
• Table 65: Leading Life Insurers in the UK by Net Reinsurance Premium: 2000 (? Million) (includes corresponding Graph/Chart)
• Investment Holdings
• Table 66: Break Up of Total Long-Term and General Insurance Investment Holdings in 2000 (? Billion) (includes corresponding Graph/Chart)

11. Review of the Sectors: Mid-90s

• Table 67: Non-Life Investments Distribution in the UK Composites Market: 1994 (includes corresponding Graph/Chart)
• Motor
• Table 68: UK Private Motor Underwriting Ratios (%) (includes corresponding Graph/Chart)
• Table 69: Premium of the Composites Under Motor: Mid-90s (? Million) (includes corresponding Graph/Chart)
• Table 70: The UK Private Motor Insurance Market: 1994-96 (? Million)
• Table 71: UK Commercial Motor Underwriting Ratios (%) (includes corresponding Graph/Chart)
• Table 72: UK Commercial Motor Gross Premiums: Mid-90s (? Million) (includes corresponding Graph/Chart)
• Table 73: Commercial Motor Premium Distribution: 1989 vs. 1993 (includes corresponding Graph/Chart)
• Property
• Table 74: UK Commercial Property (Including Other) Underwriting Ratio (%) (includes corresponding Graph/Chart)
• Table 75: Net Written Property/Casualty Premium Distribution By Line: 1994 ($ Million) (includes corresponding Graph/Chart)
• Liability
• Table 76: Breakup of Liability Among the Composites in the Mid-90s
• Table 77: Written Premiums in ? Million: 1993 (includes corresponding Graph/Chart)
• Table 78: Occupational Disease Claims in Terms of Percentage (includes corresponding Graph/Chart)
• Accident & Health
• Table 79: Pecuniary Loss - Net Premiums Written and Underwriting Results by Company (? Million)
• Life
• Table 80: Life Premiums in Total Premiums of the Composites (includes corresponding Graph/Chart)
• London - An Integral Part of the UK Insurance Industry
• Composition of the Market
• Marine & Energy Insurance Market
• Reinsurance in the London Market
• The London Market Consolidation

12. Product Innovations / Service Introductions

• Buddies Launches Discount Pet-Insurance Scheme
• Post Office Introduces New Life Insurance Policy
• Direct Line to Introduce Four New Commercial Insurance Policies
• Zurich to Re-Launch its Home Solutions Product
• Markel International Introduces Medical Malpractice Product
• Tesco Launches Cheap Health Insurance
• Hiscox Rolls Out New Insurance Policies
• Halifax Rolls Out New Insurance Product
• Sterling Life Offers Life Cover for Armed Forces
• Allianz Re-Launches Motor Trade Product
• WPA Introduces Mycancerdrugs
• Lloyds Offers Free Cover
• Groupama Re-Launches Optima Bike
• UK Post Office Launches Van Insurance
• BIBA Launches PPI Products
• BIBA Rolls Out Late-Night Entertainment Cover Product
• R&SA Offers Insurance to Renewable Energy Sector
• BUPA to Launch Space Insurance
• Swiftcover to Launch a Mobile Phone Based Service
• Norwich Union Introduces Innovative Life Insurance Coverage
• Norwich Union Introduces New Online Motor Insurance Policy
• Tesco to Provide Private Health Insurance
• Norwich Union Introduces Guaranteed Whole Life Policy
• MoreThan Provides Low-Cost Insurance to Young Motorists
• Friends Provident Provides Tax Relief With New Life Cover
• Swiftcover Expands Online Insurance Operations
• Virgin Money Introduces Cancer Insurance
• Prudential Launches PMI Policy
• ADN Unveils Novel Insurance Services for UK Auto Dealership Market

13. Product Launches in the Past

• Western Provident Association Launches Flexible Health Plan
• Norwich Union Launches Group PMI Product for Corporate Customers
• Norwich Union Introduces Future Assured Plan
• Norwich Union Releases Impaired Life Annuity Scheme
• Medicash Introduces a Healthcare Cash Plan
• Berkeley Alexander Unveils Individual Private Medical Insurance Plan
• Liverpool Victoria Introduces New Product
• AIG Europe Introduces Healthnow
• SecureHealth Introduces Options
• Royal & Sun Alliance European Life & Investments Launches Balanced Yield Fund
• Norwich Union Introduces Improved Version of Long-Term Care Insurance
• Unum Launches Improved Elixia 123
• BITA Plus Consultants Launches Risk Analysis and Reporting Service
• Hiscox Launches Online Service
• Clerical Medical International Offers New Version of CMI Premier Bond
• Profin Launches Miscellaneous E&O Policy
• "Franchised Auto Dealers" from Royal & Sun Alliance
• Willis Deploys War Risk Products
• Zurich Life Launches New Whole-Of-Life Policy
• Norwich Union Launches Garden Insurance Package
• Liverpool Victoria Launches Comprehensive Mortgage Payment Protection Insurance Plan
• Skandia Offers Two New Life Insurance Programs
• MAP Underwriting Offers Insurance Coverage for Political Violence
• Legal & General Launches New Protection Plans Under Protection Choices Brand Name
• Royal & Sun Alliance Launches New Plan for Non-Resident UK Citizens
• Royal & Sun Alliance Rewards Safe Drivers with ' More Than' Plan
• Canada Life International Adds New Features to Offshore Flexible Life Plan
• BUPA International Adds Health Care Options to Insurance Policy
• BUPA International Introduces Company First
• Miller Insurance Group Offers Stand-Alone Terrorism Insurance
• 21st Century Launches Hospital Advantage Plan
• Inreon Ltd. Launches EURO CAT
• Skandia Introduces New Plans
• Bank of Scotland Offshore Introduces Second Model of Save and Invest Product
• AA Insurance Launches Online Customer Service Package
• BUPA Creates Online Service for Complete Private Medical Insurance Cover
• Standard Life Healthcare and Policy Master Together Offer Insurance Products

14. Recent Industry Activity

• Tawa Acquires Continental Management Services
• Assurant Solutions Takes Over Centrepoint Insurance
• THB to Acquire Lloyd' s Broking Business and Overseas Interests of PWS
• AIG Takes Over Direct Travel Insurance
• AXA Acquires Davis Group
• PHP Acquires Home Counties Healthcare' s Medical Insurance Business
• Pearl Assurance Acquires Resolution
• Aviva Acquires Two Hamilton Companies and Forms New Agreements with HSBC
• Assurant' s UK Affiliate Takes Over Swansure Group
• AXA & BMPS to Form a Strategic Partnership
• AXA to Acquire Ukrainian Insurance Alliance
• AXA to Divest Dutch Insurance Operations
• HSBC Enters into Joint Venture with Aviva
• AXA and UkrSibbank to Acquire Vesko
• LV= Commences Brokerage Business
• Genworth Partners with GMAC
• Allianz Cornhill Collaborates with Game
• Asda and LifeSearch Enter into Partnership
• Aegon Scottish to Deploy Thinc' s Distribution Platform
• HSBC to Form JV with Norwich Union
• Munich Re Acquires Bell & Clements
• Aegon Enters into Distribution Pact with Dunfermline
• Skandia to Consolidate UK Businesses
• Allianz Cornhill Changes its Name to Allianz Insurance
• LV= Forms Partnership with Help the Aged
• Prudential and Discovery Forms JV
• Norwich Union Outsources Administration to Swiss Re
• AXA PPP Acquires Legal & General
• AXA to Acquire Swiftcover
• L&G and Nationwide Enters Distribution Pact
• R&SA Bags New Contract
• K Drewe and BIBA Enter into Collaboration
• Prudential to Divest Egg
• Equity and Nissan Forms Partnership
• Standard Life and Summit to Offer Cover for Climbers
• Alliance and Leicester Enters Car Insurance Business
• IAG Acquires Equity
• Beazley Snaps Up Santam Corporate
• Resolution Life to Merge Life Insurance Businesses
• Friends and Resolution Negotiate for a Prospective Merger
• Bank of Georgia Merges BCI and Aldagi
• Ariel Acquires Atrium
• Enstar Group Buys Cavell Management
• American International to Acquire Ocean Finance & Mortgages
• CIGNA Acquires Vielife
• Swiss Re bids for Prudential' s Division
• Liverpool Victoria Snaps Up ABC Insurance
• Generali to Acquire Aviva
• Abbey Exits Life Business
• Axa to Takeover Thinc Destini
• Lloyds TSB Acquires Pearl' s General Insurance Business
• Citibank to Collaborate with Legal & General to Offer Insurance
• Barclays to Sell Standard Life' s Insurance Products
• CFS Forms a New Wing for General Insurance
• AIG to Commence Bulk Annuity Operations in The UK
• Asda and Scottish Widows End Alliance
• Scottish Re to Secure a New Investment of $ 600 Million
• Oxygen Holdings Completes Acquisition of Smart & Cook
• Resolution Life Confirms Talks Related to Prospective Transactions
• Royal & SunAlliance Plans Acquisition of Martello Underwriting
• Allianz Cornhill and Argos Sign Agreement for Furniture Insurance
• Towergate Snaps Up Paymentshield
• Catlin To Acquire Wellington Underwriting
• Bank of America to Divest Premium Credit
• Berkshire Hathaway to Meet Liabilities of Lloyd
• Reliance Mutual to Acquire University Life
• Zurich to Acquire Endsleigh
• Groupma to Allow Carole Nash to Function as a Distinct Entity
• Swinton to Merge With its4me.co.uk to Boost Online Business
• Swiss Re Acquires UK GE Life Business
• Capita Life & Pensions Bags Contract from Scottish Life
• Resolution Acquires Abbey National' s Life Insurance Business
• Royal Liver to Enter Guaranteed Critical-Illness Market
• Aviva PLC Acquires RAC
• Imagine Acquires Abacus
• HCC Proposes to Buy IIG
• Beazley Group Acquires OPCI
• Merrill Lynch & Co to Acquire AMVESCAP Retirement, Inc.
• CLI Acquires Axis USA
• Health Lambert Group Sells Health Insurance Brokers
• St. Paul Sells Cassidy Davis
• American Physicians Acquires Minority Interest in Physicians Insurance Co
• British Union Purchases Amedex
• Navigators Group Acquires Lloyds Syndicate 1221
• Resolution Life' s Expansion Drive Continues
• Sainsbury' s Bank to Start Auto Insurance Business
• Prestbury Holdings to Launch General Insurance
• Benchmark Causes Vibes in Investment Property Insurance
• Primary Acquires Benchmark Management
• CDC to Purchase Saga Ltd
• Willis Group Holdings Ltd. Acquires Vision Insurance Group
• Arthur J Gallagher Acquires the Kooper Group
• Marsh Acquires the Australian Operations of Heath Lambert Group
• Capital Z Financial Services Acquires SBJ Group
• Royal & Sun alliance Divests UK Life Insurance Business to Resolution Life Group
• Crawley Warren Acquires International Space Brokers

15. Strategic Developments in the Past

• UPC Buys Sun Life' s UK Operations
• HCC Holdings Acquires Illium Insurance Group
• Hilb Rogal & Hobbs Buy Alexander Brooks & Stevens Ltd
• Norwich' s Flood Risk Mapping Holds Immense Implications for the Industry
• Gerling NCM Sets Shop in the UK
• Primary Insurance Acquires UK Insurance' s Third Party Business
• Canada Life Acquires Disability and Life Insurance Operations of Royal & Sun Alliance Insurance
• Earnest R Shaw Acquires Kendall White Millar
• HSBC Group Acquires Stake in Ping An Insurance Co.
• Aegon Acquires Stake in Wentworth Rose
• Aegon Acquires Momentum
• Aegon Acquires Advisory & Brokerage Services
• Willis Group Increases Stake in Indonesian Subsidiary
• Prudential Corp. Acquires ING Life Insurance
• Amlin Purchases Renewal Rights from AIOI Insurance Co. of Europe
• Scottish Annuity & Life Holdings Acquires World-Wide Reassurance
• Heritage Underwriting Establishes Lloyd' s Syndicate
• GE Frankona Re Establishes New Aviation Unit
• XL Capital Assurance Establishes New Subsidiary in the UK
• Aviva and UniCredito Italiano Sign Partnership Agreement with BPCI
• Aviva Signs Agreement with Unicredito Italiano
• Cazenove Investment Fund Management and AIG Life in Agreement
• Countrywide Assured Signs Agreement with Friends Provident
• Royal & Sun Alliance Sells Offshore Life Operations
• Jardine Lloyd Thompson Streamlines Business Operations
• Axa Sun Life and Clerical Medical International Refocus Operations
• Marks & Spencer Offers Pet Insurance
• Standard Life' s Stakeholder Pension Sales Slump
• Royal & Sun Alliance Buys Loss Adjustment Unit of Independent Insurance
• AXA Insurance Purchases Website of Independent Insurance
• Liverpool Victoria Acquires Permanent Insurance from EquiTableLife
• Prudential Acquires Orico Life Insurance
• Eureko Purchases Foreign and Colonial Management Ltd.
• CGNU Acquires ABN Amro Magyar Elet es Nyugdijbiztosito Reszvenytarsasag
• CGNU Acquires Insurance Division of the Development Bank of Singapore
• Vesta Insurance Group Acquires Instant Insurance Holdings and Aegis Financial
• EW Blanch, Ben field Greig Group Merge to Form Ben field Blanch
• Prudential Acquires YoungPoong Life
• Royal Sun Alliance Acquires Seguros BBV
• CPP Holdings Acquires Homecare Holdings
• Ben field Group, SG Set up Celsius Insurance
• Groupama Insurances Forms New Division
• Prudential Divests General Insurance Business to Winterthur

16. Focus on Select Players

• Abbey National PLC
• Allianz Corn hill
• Amlin PLC
• Aviva Plc - Fifth Largest Life Insurer in the World
• Britannia Life
• BUPA (British Union Provident Association)
• Direct Line Plc
• Ecclesiastical Insurance Group
• Equity Insurance Group Limited
• Groupama Insurances
• Halifax Life.
• Hiscox Ltd
• Legal & General Group Plc
• Lloyd' s of London
• Lloyds TSB Group Plc
• Lloyds TSB Life Assurance Company Limited
• Markel International Ltd.
• Nat West Life
• NFU Mutual Insurance Co.
• Prudential PLC
• Royal & Sun Alliance Insurance Group
• Scottish Widows plc
• St. Paul International Insurance Co. Ltd.
• St. Paul Travelers Insurance Company Limited
• Standard Life PLC
• The EquiTableLife Assurance Society
• Leading Brokers in UK
• HBOS PLC
• Jardine Lloyd Thompson Group Plc
• Willis Group Holdings Ltd., UK

COMPETITIVE LANDSCAPE