UK Private Motor Insurance: Competitor Dynamics

Publisher Name :
Date: 31-Aug-2016
No. of pages: 18
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Summary

The UK Private Motor Insurance market is a highly competitive market. Insurers are struggling to make their books profitable, as claims continue to prove challenging. The number of insurers active in this market makes it hard to generate rate increases on top of the rise in insurance tax. With more regulation likely, insurers are continually looking at different ways to deliver competitive advantage.

Key Findings


  • The top 10 insurers account for 65.5% of the market.

  • Co-op Insurance replaced RSA in the top 10 private motor insurers list.

  • Half of the top 11-20 private motor insurers reported GWP growth in 2015.

  • Covea delivered a profitable book, while others struggled.


Synopsis

Verdict Financial's "UK Private Motor Insurance: Competitor Dynamics" report is one of a series of reports providing a high-level look into insurer activity during the last year within a product area, and benchmarks the leading insurers against each other. Each report looks at the top 10-20 players to see how they have performed, but also to see how they have changed their overall proposition.

Reasons To Buy


  • Benchmark yourself against other players in the market.

  • Adapt your proposition to gain competitor advantage.


Companies Mentioned


  • Direct Line Group

  • Aviva

  • Ageas

  • LV=

  • Munich Re

  • AXA

  • esure

  • Allianz

  • Co-o Insurance

  • Covea

  • RSA

  • NFU Mutual

  • Admiral

  • Binomial

  • Zurich

  • MSandAD

  • Catlin

  • BNP Paribas

  • Chubb

  • AIG Europe

UK Private Motor Insurance: Competitor Dynamics

Table of Contents

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