Landlord Insurance Industry in the UK to 2017: Market Research Report
Upcoming SlideShare
Loading in...5
×
 

Landlord Insurance Industry in the UK to 2017: Market Research Report

on

  • 231 views

Landlord Insurance Industry in the UK to 2017 @ http://www.researchmoz.us/landlord-insurance-in-the-uk-key-trends-and-opportunities-to-2017-report.html ...

Landlord Insurance Industry in the UK to 2017 @ http://www.researchmoz.us/landlord-insurance-in-the-uk-key-trends-and-opportunities-to-2017-report.html

The UK landlord insurance category is estimated to have generated GBP2.51 billion in gross written premiums in 2012, and accounted for 7.3% of the country’s non-life insurance segment. Landlord policies cover the financial risks related to renting out a residential or commercial property, including damage to buildings or contents, loss of rent and public liability.

Statistics

Views

Total Views
231
Views on SlideShare
231
Embed Views
0

Actions

Likes
0
Downloads
0
Comments
0

0 Embeds 0

No embeds

Accessibility

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Landlord Insurance Industry in the UK to 2017: Market Research Report Landlord Insurance Industry in the UK to 2017: Market Research Report Document Transcript

  • Landlord Insurance in the UK - Key Trends and Opportunities to 2017 Synopsis The report provides market analysis, information and insights into the UK landlord insurance insurance business Provides a snapshot of the market size and segmentation It offers a comprehensive analysis of claims, drivers and market outlook It analyzes distribution channels It outlines deals, news and regulatory developments Executive summary The UK landlord insurance category is estimated to have generated GBP2.51 billion in gross written premiums in 2012, and accounted for 7.3% of the country’s non-life insurance segment. Landlord policies cover the financial risks related to renting out a residential or commercial property, including damage to buildings or contents, loss of rent and public liability. Growth in the category was maintained during the recession and economic weakness during 2008–2011, as a sluggish housing market triggered an increase in properties occupied on a rental basis. This signaled the reversal of a post-war trend towards property ownership, with close to 35% of properties rented through private or social housing landlords in 2012. This marked a five percentage-point increase from 2000 alone. In addition to the subdued economic backdrop fueling a shift towards rented accommodation, it is also likely to have increased demand for landlord insurance due to greater risk aversion, a larger number of homeowners choosing to rent out property rather than sell at reduced prices, unemployment stoking a rise in the number of tenants in rent arrears, pessimistic businesses reducing their commitment to long commercial leases, and a rise in adverse weather-related incidents. Opportunities exist to develop the category during the forecast period. Insurer-led market surveys have found that customers are under-informed about the insurance cover required for landlords, with up to a quarter of residential landlords opting to purchase a standard home insurance policy. Switching policyholders to appropriate landlord insurance policies presents a large growth potential for premiums in the category. Looser credit conditions and an increase in buy-to-let lending suggest additional favorable forces. The outlook for the availability of flood insurance is clouded by uncertainty. Following the shift from the Statement of Principles to the industry and government Flood Re proposal, it has been confirmed that affordable flooding insurance will only be guaranteed for resident homeowners. Consequently, insurance premiums for landlords of both residential and commercial property are expected to face significant upside pressure over the forecast period. Industry associations estimate that the number of properties affected could be as high as 1 million. Scope This report provides market analysis, information and insights into the UK landlord insurance business It provides a snapshot of the market size It analyzes drivers and the outlook for the market It provides information on distribution channels It covers deals, news and regulatory developments Reasons to buy Gain an understanding of the UK landlord insurance market size Learn about the performance of market drivers and distribution channels Understand the competitive landscape in terms of performance, profitability and product innovation Find out more on key deals and recent developments in the market Key highlights The landlord insurance market is worth GBP2.5 billion Growth was sustained during the UK’s economic downturn Property market conditions were supportive of demand Momentum is set to continue Flood Re will add uncertainty for landlords table Of Contents 1 Executive Summary 2 Introduction 2.1 What Is This Report About? 2.2 Definitions 2.3 Methodology 3 Market Analysis 3.1 Market Size 3.2 Market Drivers 3.2.1 Residential Property Market Dynamics 3.2.2 Residential Construction 3.2.3 Commercial Construction 3.2.4 Commercial Property Market Dynamics 3.2.5 Recessionary Backdrop 3.3 Claims 3.4 Market Outlook 3.5 Distribution 4 Competitive Landscape 4.1 Participants 4.2 Product Innovation 4.3 Investment Returns 4.4 Landlord Insurance – Swot Analysis Landlord Insurance in the UK - Key Trends and Opportunities to 2017
  • 5 Porter’s Five Forces Analysis 5.1 Bargaining Power Of Suppliers: Low 5.2 Bargaining Power Of Buyers: Medium 5.3 Barriers To Entry: Medium 5.4 Intensity Of Rivalry: Medium To High 5.5 Threat Of Substitution: Medium 6 Deals 6.1 Brit Insurance Sells Simply Business Stake 6.2 Aviva Joins The Powerplace Panel For Commercial Property 6.3 Specialist Rent Guarantee Product Launched 7 News 7.1 Flood Re Exclusions Confirmed 7.2 Finances Stretched After Christmas 7.3 Rental Sector Warrants Greater Investment 7.4 Decrease In Tenants On Benefits 8 Regulation And Compliance 8.1 Upcoming Regulations 8.1.1 Commercial Rent Arrears Recovery (crar) 8.1.2 Flood Re 8.1.3 Review Of The Riot (damages) Act 8.1.4 Solvency Ii 9 Macroeconomic Backdrop 9.1 Real Gdp Growth 9.2 Property Market Dynamics 9.3 Inflation 9.4 Interest Rates 9.5 Demographics 10 Company Profiles 10.1 Allianz Insurance Plc – Company Overview 10.1.1 Allianz Insurance Plc – Key Facts 10.1.2 Allianz Insurance Plc – Main Products 10.1.3 Allianz Insurance Plc – Main Competitors 10.1.4 Allianz Insurance Plc – Key Employees 10.2 Aviva Plc – Company Overview 10.2.1 Aviva Plc – Key Facts 10.2.2 Aviva Plc – Main Products 10.2.3 Aviva Plc – Main Competitors 10.2.4 Aviva Plc – Key Employees 10.3 Axa Uk Plc – Company Overview 10.3.1 Axa Uk Plc – Key Facts 10.3.2 Axa Uk Plc – Main Products 10.3.3 Axa Uk Plc – Main Competitors 10.3.4 Axa Uk Plc – Key Employees 10.4 Catlin Insurance Company (uk) Ltd – Company Overview 10.4.1 Catlin Insurance Company (uk) Ltd – Key Facts 10.4.2 Catlin Insurance Company (uk) Ltd – Main Products 10.4.3 Catlin Insurance Company (uk) Ltd – Main Competitors 10.4.4 Catlin Insurance Company (uk) Ltd – Key Employees 10.5 Direct Line Insurance Group Plc – Company Overview 10.5.1 Direct Line Insurance Group Plc – Key Facts 10.5.2 Direct Line Insurance Group Plc – Main Products 10.5.3 Direct Line Insurance Group Plc – Main Competitors 10.5.4 Direct Line Insurance Group Plc – Key Employees 10.6 Ecclesiastical Insurance Office Plc – Company Overview 10.6.1 Ecclesiastical Insurance Office Plc – Key Facts 10.6.2 Ecclesiastical Insurance Office Plc – Main Products Landlord Insurance in the UK - Key Trends and Opportunities to 2017
  • 10.6.3 Ecclesiastical Insurance Office Plc – Main Competitors 10.6.4 Ecclesiastical Insurance Office Plc – Key Employees 10.7 Fm Insurance Company Ltd – Company Overview 10.7.1 Fm Insurance Company Ltd – Key Facts 10.7.2 Fm Insurance Company Ltd – Main Products 10.7.3 Fm Insurance Company Ltd – Main Competitors 10.7.4 Fm Insurance Company Ltd – Key Employees 10.8 Qbe Insurance (europe) Ltd – Company Overview 10.8.1 Qbe Insurance (europe) Ltd – Key Facts 10.8.2 Qbe Insurance (europe) Ltd – Main Products 10.8.3 Qbe Insurance (europe) Ltd – Main Competitors 10.8.4 Qbe Insurance (europe) Ltd – Key Employees 10.9 Royal & Sun Alliance Insurance Plc – Company Overview 10.9.1 Royal & Sun Alliance Insurance Plc – Key Facts 10.9.2 Royal & Sun Alliance Insurance Plc – Main Products 10.9.3 Royal & Sun Alliance Insurance Plc – Main Competitors 10.9.4 Royal & Sun Alliance Insurance Plc – Key Employees 10.10 Zurich Insurance Plc – Company Overview 10.10.1 Zurich Insurance Plc – Key Facts 10.10.2 Zurich Insurance Plc – Main Products 10.10.3 Zurich Insurance Plc – Main Competitors 10.10.4 Zurich Insurance Plc – Key Employees 11 Appendix 11.1 Methodology 11.2 Contact Timetric 11.3 About Timetric 11.4 Timetric’s Services 11.5 Disclaimer ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price. Contact: M/s Sheela, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-997-4948 Email: sales@researchmoz.us Website: http://www.researchmoz.us/ Landlord Insurance in the UK - Key Trends and Opportunities to 2017