Abstract
Overview
Introduction
The UK employers' liability market saw profitability deteriorate in 2007 as
the soft cycle took its toll on many competitors. This report provides
forecasts for GWP and profitability up to 2012 under two different scenarios,
making it a crucial read for those with an interest in employers' liability
insurance.
Scope
- The report offers a comprehensive analysis of competitive issues within
the employers' liability market
- Sizes the employers' liability market providing competitors' GWP, market
share and claims ratios data
- Forecasts GWP growth up to and including 2012 based on Datamonitor' s
in-house expertise and interviews with senior industry executives
Report Highlights
Premium income fell by a further 6.9% to £1.8 billion in 2007 as insurers
continued to decrease their prices amidst strong competitive elements
remaining in the market.
The market share of the top 10 employers' liability insurers fell marginally
by 0.2 percentage points in 2006 to 61.6% as a result of some top 10
employers' liability insurers seeing their premium income fall.
Brokers remain the dominant distribution channel for commercial insurance to
SMEs, with 76% of respondents to Datamonitor' s SME survey in Q1 2007 saying
that they bought their insurance from a broker. This places the broker channel
well ahead of the only other significant channel, direct insurers, which
accounted for 19% of respondents.
Reasons to Purchase
- Gain insight into key market issues and trends in the employers' liability
market
- Benchmark your company against your competitors based on current and past
performances in the market.
- Develop your future business plans from an informed viewpoint with
Datamonitor' s GWP forecast
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