Abstract
Overview
Introduction
The General Insurance Competitor Tracker provides expert analysis and
commentary on the strategic movements of key competitors in the general
insurance market.
Scope
- Information on new product developments, acquisition and consolidation
activity, distribution, new corporate partnerships and broker activity.
- Insight on the following competitors: Allianz, AXA, Fortis, Groupama,
HBOS, Lloyds TSB Insurance, Norwich Union, RBSI, Royal & SunAlliance and
Zurich.
Report Highlights
Fortis saw pre-tax profits rise by almost 20% and GWP increase by 10.1% to
£757.8m in 2007, but it was felt that by maintaining its underwriting
discipline in a competitive market the insurer had lost out. By introducing
double-digit rate rises in motor insurance, the insurer failed to grow market
share, which accordingly fell in 2007.
Allianz has been extending its partnership with Home Retail Group, the owner
of Argos and Homebase. The Homebase scheme was originally restricted to
replacement cover, but has now been expanded to include breakdown cover on
home and garden products, and a repair and replacement offer for furniture.
Reasons to Purchase
- Evaluate key competitor strategies
- Input in to your own competitor analysis research
- Identify new product development and acquisition activity among your
competitors
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