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UK Commercial Property Insurance Industry, 2017: Market Research Report
UK Commercial Property Insurance Industry, 2017: Market Research Report
UK Commercial Property Insurance Industry, 2017: Market Research Report
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UK Commercial Property Insurance Industry, 2017: Market Research Report

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UK Commercial Property Insurance Industry @

UK Commercial Property Insurance Industry @

Published in: Economy & Finance, Business
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  • 1. Commercial Property Insurance in the UK - Key Trends and Opportunities to 2017 Synopsis The report provides market analysis, information and insights into the UK commercial property insurance business It provides a snapshot of market's size and segmentation It offers a comprehensive analysis of claims, drivers and market outlook It analyzes distribution channels It details deals, news and regulatory developments Summary Gross written premiums in the commercial property insurance category recorded sustained growth throughout the review period (2008–2012), rising at a compound annual growth rate (CAGR) of 6.79%. Premiums increased at an annual rate of 6.8% in 2012, reaching a total of GBP6.72 billion; the highest level in five years. Commercial property insurance claims paid declined by 5.5% in 2012, but this belies the rapid growth recorded since 2008. Payouts rose at a CAGR of 57.29% over the five years to 2012, while claims incurred increased at a CAGR of 28.61% during the same period. The UK has experienced frequent flooding since 2000, including two of the wettest years on record since 2008. Despite weakness in the commercial construction market and flagging business sentiment due to poor economic conditions, the rise in premiums was driven by high claims related to severe weather and instances of civil unrest. Tentative economic recovery and improving business conditions drove growth towards the end of the review period. A large claims burden, limited investment returns due to the UK’s low interest rate environment, and rising expenses have hindered the profitability of insurers in the category. A combined operating ratio of 111.8% was registered in 2012. Although it exceeds the 100% breakeven threshold, it marks an improvement on profitability levels recorded during 2008−2010. Following the expiry of the Statement of Principles in June 2013, Flood Re was established by the government and the insurance industry. Unlike its predecessor, Flood Re excludes small businesses from guaranteed flood insurance at affordable prices, and will result in upward pressure on costs and premiums for insurers and their commercial customers. Despite downside forces, growth in commercial property gross written premiums will prevail over the forecast period (2013–2017) as the economic recovery gains traction, business confidence improves and commercial construction activity increases. Premiums are expected to rise to GBP8.22 billion in 2017, representative of a CAGR of 4.34% over the five years from 2013. Scope This report provides market analysis, information and insights into the UK commercial property insurance business It provides a global snapshot of market size It analyses 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 commercial property 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 Premium growth was maintained in 2012 Commercial property insurance payouts have surged High claims led insurers to raise rates Profitability has been elusive Insurers will face headwinds following legislative changes Moderate growth in gross written premiums is expected table Of Content 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 3.1.1 Commercial Property 3.1.2 Consequential Loss 3.1.3 Contractors Or Engineering Risks 3.1.4 Penetration And Density 3.2 Claims 3.2.1 Claims Review 3.2.2 Claims Outlook 3.3 Market Drivers 3.4 Market Outlook 3.5 Distribution Channels 3.5.1 Distribution Outlook 3.6 Reinsurance 4 Competitive Landscape Commercial Property Insurance in the UK - Key Trends and Opportunities to 2017
  • 2. 4.1 Profitability 4.1.1 Investment Returns 4.1.2 Profitability Outlook 4.2 Review – The Best Performers Of 2012 4.3 Product Innovation 4.4 Commercial Property Insurance – Swot Analysis 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: Low 6 Deals 6.1 Towergate Sells Commercial Property Division 6.2 Aviva Joins The Powerplace Panel For Commercial Property 6.3 Covéa Extends Deal With Risk Control Firm 6.4 Insurers Move Into Takaful 6.5 Qbe Becomes Sole Capacity Provider For Wholesale Broker 7 News 7.1 Biba Flags Concerns Over Flood Re 7.2 Fm Global Named Best Commercial Property Insurer 7.3 Fm Global’s Risk Innovation 7.4 Increase In Commercial Property Insurance Complaints 7.5 Axa Survey Reveals Gaps In The Market 8 Regulation And Compliance 8.1 Upcoming Regulations 8.1.1 Flood Re 8.1.2 Review Of The Riot (damages) Act 8.1.3 Solvency Ii 9 Macroeconomic Backdrop 9.1 Real Gdp Growth 9.2 Commercial Property Market Dynamics 9.3 Private Sector Lending 9.4 Interest Rates 9.5 Business Demographics 10 Company Profiles 10.1 Ace European Group Ltd – Company Overview 10.1.1 Ace European Group Ltd – Key Facts 10.1.2 Ace European Group Ltd – Main Products 10.1.3 Ace European Group Ltd – Main Competitors 10.1.4 Ace European Group Ltd – Key Employees 10.2 Allianz Insurance Plc – Company Overview 10.2.1 Allianz Insurance Plc – Key Facts 10.2.2 Allianz Insurance Plc – Main Products 10.2.3 Allianz Insurance Plc – Main Competitors 10.2.4 Allianz Insurance Plc – Key Employees 10.3 Aviva Plc – Company Overview 10.3.1 Aviva Plc – Key Facts 10.3.2 Aviva Plc – Main Products 10.3.3 Aviva Plc – Main Competitors 10.3.4 Aviva Plc – Key Employees 10.4 Axa Uk Plc – Company Overview 10.4.1 Axa Uk Plc – Key Facts 10.4.2 Axa Uk Plc – Main Products 10.4.3 Axa Uk Plc – Main Competitors 10.4.4 Axa Uk Plc – Key Employees Commercial Property Insurance in the UK - Key Trends and Opportunities to 2017
  • 3. 10.5 Fm Insurance Company Ltd – Company Overview 10.5.1 Fm Insurance Company Ltd – Key Facts 10.5.2 Fm Insurance Company Ltd – Main Products 10.5.3 Fm Insurance Company Ltd – Main Competitors 10.5.4 Fm Insurance Company Ltd – Key Employees 10.6 Great Lakes Reinsurance (uk) Plc – Company Overview 10.6.1 Great Lakes Reinsurance (uk) Plc – Key Facts 10.6.2 Great Lakes Reinsurance (uk) Plc – Main Products 10.6.3 Great Lakes Reinsurance (uk) Plc – Main Competitors 10.6.4 Great Lakes Reinsurance (uk) Plc – Key Employees 10.7 Qbe Insurance (europe) Ltd – Company Overview 10.7.1 Qbe Insurance (europe) Ltd – Key Facts 10.7.2 Qbe Insurance (europe) Ltd – Main Products 10.7.3 Qbe Insurance (europe) Ltd – Main Competitors 10.7.4 Qbe Insurance (europe) Ltd – Key Employees 10.8 Royal & Sun Alliance Insurance Plc – Company Overview 10.8.1 Royal & Sun Alliance Insurance Plc – Key Facts 10.8.2 Royal & Sun Alliance Insurance Plc – Main Products 10.8.3 Royal & Sun Alliance Insurance Plc – Main Competitors 10.8.4 Royal & Sun Alliance Insurance Plc – Key Employees 10.9 Xl Group Plc – Company Overview 10.9.1 Xl Group Plc – Key Facts 10.9.2 Xl Group Plc – Main Products 10.9.3 Xl Group Plc – Main Competitors 10.9.4 Xl Group 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 Statistics 11.1 Review Period: 2008–2012 11.2 Forecast Period: 2013–2017 12 Appendix 12.1 Methodology 12.2 Contact Timetric 12.3 About Timetric 12.4 Timetric’s Services 12.5 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/ Commercial Property Insurance in the UK - Key Trends and Opportunities to 2017

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