UK Home Emergency Insurance 2016

Publisher Name :
Date: 16-Sep-2016
No. of pages: 40

Summary

Recent changes to the regulation of the home emergency market are forcing providers to rethink their sale strategies. Insurers are currently striving to adhere to the new market rules while ensuring the processes that initially brought success remain intact, such as selling products as add-ons to a regular household insurance policy. A sizable proportion of consumers still purchase home emergency cover as a standalone product - with good reason, as these often contain a more comprehensive range of coverage and additional features. The challenge is for insurers to drive add-on home emergency polices while retaining a coverage level similar to that of a standalone product. Consumers are also beginning to recognize the potential of smart technology in the home but remain largely uninterested and/or unwilling to embrace such devices. A lack of understanding about the use of smart home products is the most pertinent factor here, despite most customers recognizing the benefits they could have on their energy consumption. However, the responsibility lies with the insurer in promoting the benefits of the "connected home" and the impact these devices could have on premiums following their installation. This could perhaps be achieved by offering a variance of incentives.

Key Findings


  • The 2015 home emergency insurance market was worth £1.3bn.

  • Home emergency is a "supplementary" product and customers benefit from being able to add-on.

  • Opt-out sales have been banned, meaning the customer has more control over certain features.

  • The market is forecast to grow incrementally, reaching GWP of £1.4bn by 2020.


Synopsis

Verdict Financial's "UK Home Emergency Insurance 2016" provides an in-depth analysis of the UK insurance market for essential features and appliances in residential properties. Among the points discussed include the size of the market, the current and forecast value of home emergency GWP, and the use of smart technology in the home. The report provides a thorough overview of the market, including commentary on the introduction of a new set of rules and regulations surrounding the insurance add-ons market.

Reasons To Buy


  • Benchmark yourself against the rest of the market and its top performers. Ensure you remain competitive as new innovations and significant market developments are introduced.

  • Be informed of the "connected home" concept, and the application of these products to general insurance and the home emergency market.


Companies Mentioned


  • British Gas/Centrica

  • HomeServe

  • npower

  • Scottish Power

  • and EDF Energy

UK Home Emergency Insurance 2016

Table of Contents

1. The UK Home Emergency Insurance Market
2. The Main Energy Providers
3. The Market Going Forward
4. Appendix

  • Renewable Energy Sources Needs To Boost Global Microgrids Market
    The global market for microgrid was worth US$13.3 billion in 2015, and is anticipated to touch an estimate of US$35.2 billion by 2020. Dealers in the market for microgrids are incessantly improving the network hosting capability for renewable energy resources to excerpt an extreme amount from it, in addition to commercialization of classically costly renewable […]
  • Manufacturing Trends In The Coming Days
    The manufacturing industry may be encountering some breezes, but it is irrefutably in the middle of a technological revival that is altering the appearance, structures, and practices of the modern factory. Notwithstanding the jeopardies and in spite of recent history industrial manufacturing enterprises cannot afford to disregard these developments. Few of the trends to look […]
  • Top 10 Emerging Technologies
    The World Economic Forum (WEF) and Scientific American lately unveiled the major technological innovation list of the top ten emerging technologies. This list emphasizes on the technological developments which have the supremacy to transform industries, protect the planet, and improve lives. It also presents an opening to discuss any societal, human, economic or environmental jeopardies […]
  • Global Biosimilars Market To Be Led By Novartis by 2020
    Biologics, which are typically inoculated or injected, are formed in living entities, making them more challenging and costly to manufacture than the usual pills contrived from chemicals. Observing that mock-ups are mostly identical to the prototypes has also modelled specific scientific and regulatory tasks. But the US FDA and European supervisors lately have acknowledged new […]
  • Global Thyroid Gland Disorder Treatment Market To Grow Steadily
    The global thyroid gland disorder treatment market was worth US$1.8 billion in 2014 and is projected to reach a market value of US$2.4 billion in 2023 intensifying at a CAGR of 3.1% from 2015 to 2023.  The thyroid gland produces thyroid hormones that control some of the most essential functions in the human body such as stimulating […]
  • Non-Life Insurance in Poland, Key Trends and Opportunities to 2020
    Published: 31-Mar-2017        Price: US 1450 Onwards        Pages: 148
    Synopsis Timetric's 'Non-Life Insurance in Poland Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Polish non-life insurance segment, and a comparison of the Polish insurance industry with its regional counterparts. It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the revie......
  • Non-Life Insurance in Vietnam, Key Trends and Opportunities to 2020
    Published: 31-Mar-2017        Price: US 1450 Onwards        Pages: 146
    Synopsis Timetric's 'Non-Life Insurance in Vietnam, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Vietnamese non-life insurance segment, and a comparison of the Vietnamese insurance industry with its regional counterparts. It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during......
  • Non-Life Insurance in Egypt, Key Trends and Opportunities to 2020
    Published: 31-Mar-2017        Price: US 1450 Onwards        Pages: 114
    Timetric's 'Non-Life Insurance in Egypt Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Egyptian non-life insurance segment, and a comparison of the Egyptian insurance industry with its regional counterparts. It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011......
  • Non-Life Insurance in Portugal, Key Trends and Opportunities to 2020
    Published: 28-Mar-2017        Price: US 1450 Onwards        Pages: 149
    Synopsis Timetric's 'Non-Life Insurance in Portugal, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Portuguese non-life insurance segment, including: • The Portuguese non-life segment's detailed outlook by product category • A comprehensive overview of the Portuguese economy and demographics • A comparison of the Portuguese non-life insurance segment with its regional counterpar......
  • Non-Life Insurance in the Philippines, Key Trends and Opportunities to 2020
    Published: 17-Mar-2017        Price: US 1450 Onwards        Pages: 140
    Synopsis Timetric's 'Non-Life Insurance in the Philippines, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Philippine non-life insurance segment, and a comparison of the Philippine insurance industry with its regional counterparts. It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment inc......
  • Non-Life Insurance in Chile, Key Trends and Opportunities to 2020
    Published: 17-Mar-2017        Price: US 1450 Onwards        Pages: 142
    Synopsis Timetric's 'Non-Life Insurance in Chile, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Chilean non-life insurance segment, and a comparison of the Chilean insurance industry with its regional counterparts. It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentio......
  • UK Cyber Insurance 2017
    Published: 08-Mar-2017        Price: US 3450 Onwards        Pages: 44
    UK Cyber Insurance 2017 Summary UK Cyber Insurance market is growing over time. Product penetration is increasing as businesses are becoming more aware of the need for cyber insurance in a world where they are dependent on the digital space and crime is moving online. All businesses are vulnerable and require cyber insurance, regardless of size or industry. While there is a large opportunity for insurance providers to increase product penetration and grow their commerci......
  • Non-Life Insurance in Uruguay, Key Trends and Opportunities to 2020
    Published: 23-Feb-2017        Price: US 1450 Onwards        Pages: 114
    Synopsis Timetric's 'Non-Life Insurance in Uruguay Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Uruguayan non-life insurance segment, and a comparison of the Uruguayan insurance industry with its regional counterparts. It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and ret......
  • Non-Life Insurance in Denmark, Key Trends and Opportunities to 2020
    Published: 21-Feb-2017        Price: US 1450 Onwards        Pages: 125
    Synopsis Timetric's 'Non-Life Insurance in Denmark Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Danish non-life insurance segment, and a comparison of the Danish insurance industry with its regional counterparts. It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retention......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - sales@rnrmarketresearch.com / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs