Abstract
Overview
Introduction
This report analyzes the market' s performance across key commercial lines,
providing insight into competitor strategies and the major issues affecting
the market. Data relating to the evolving dynamics of commercial insurance
distribution are also analyzed. Finally, GWP forecasts are presented for the
main sectors of the commercial insurance market.
Scope
- Data on GWP growth and underwriting profitability in the key sectors of
the commercial insurance market
- 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
research interviews with industry executives
- GWP forecasts for the total commercial market and its main sectors, based
on Datamonitor' s forecast model and in-house industry expertise
Report Highlights
The UK commercial general insurance market recorded a 3.2% decline in GWP in
2006. This reflected decreases in premium income from the general liability,
commercial property, commercial motor and commercial pecuniary loss sectors.
The dynamics of commercial insurance distribution have shifted between 2003
and 2006 and certain categories of broker have seen their share of
distribution diminish. In particular, national brokers saw their distribution
share decline from 54% in 2003 to 48% by 2006.
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.
Reasons to Purchase
- Benchmark your company' s performance against your competitors using
current and historical data.
- Develop your future business plans from an informed viewpoint with
Datamonitor' s GWP forecasts for the market and each commercial line
- Understand the key issues shaping the commercial market and each of its
main sectors
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