Abstract
Overview
Introduction
The report analyzes the performance of the personal general insurance sector,
providing data on market sizes and profitability for individual accident and
health, private motor, personal pecuniary loss and household. Competitor
strategies and the major issues affecting the market are also analyzed.
Finally, the report provides GWP forecasts for the main personal general
insurance lines until 2012.
Scope
- Information on premium income and underwriting profitability for the main
personal insurance lines
- Insight into insurance advertising strategies and consumers' awareness of
insurance brands
- Analysis of key competitors' performance and competitive strategies
- Unique growth forecasts for the major personal lines until 2012, based on
primary research and in-house expertise
Report Highlights
In 2006, the top 10 personal lines insurers recorded varying results in terms
of performance. Six of the top 10 personal lines insurers recorded a decline
in GWP. These were Norwich Union, UK Insurance (UKI), Churchill, Royal &
SunAlliance, Zurich and BUPA.
The personal general insurance market is forecast to grow at a CAGR of 4.8%
between 2007 and 2012, reaching a value of £33.1 billion in 2012. This growth
will be driven by the household and pecuniary loss markets, which are forecast
to record relatively strong growth during this period.
Soft market conditions were evident in many general insurance lines in 2006.
GWP declined in the motor, general liability and pecuniary loss sectors, and
the property insurance sector only recorded slight growth. Overall, total
general insurance GWP fell by 1.1%.
Reasons to Purchase
- Gain insight into changing consumer purchasing behavior
- Access information on the performance of the market in terms of GWP and
profitability
- Develop your future business plans with the help of Datamonitor' s GWP
forecasts for the main personal general insurance lines
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