Abstract
Overview
Introduction
This brief analyzes the competitive situation within the UK commercial general
insurance market across key commercial lines, providing insight into
competitor strategies and the major issues affecting the market.
Scope
- Analysis of competitive dynamics, with profiles of the main competitors'
market share changes
- Analysis of performance ratios across the major commercial insurance lines
- Information on key mergers and acquisitions, job losses and industry news
Report Highlights
Royal & SunAlliance retained its position as the UK' s largest commercial
insurance provider in 2006, although it saw a decline in GWP. Its total
commercial premium income fell by 4.3 percentage points to £2,250m.
On average, commercial insurers ranked 11-20 saw premium income decline in
2006, but results varied significantly, largely depending on which markets the
insurer was most dependent. For example, companies with a focus on the
liability, commercial property and commercial motor markets tended to see GWP
decline.
The top 10 UK motor insurers recorded an average combined ratio of 97.8% in
2006, which represents a four percentage point decrease from 2005. Moreover,
this reduction moved the average from a position of underwriting loss into
underwriting profit.
Reasons to Purchase
- Benchmark your company' s performance against your competitors using
current and historical data.
- View performance ratios for the leading insurers in the liability, motor,
property, group accident and health and pecuniary loss markets
- Understand the key issues shaping the commercial general insurance market
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