commercial property insurance in the uk - key trends and opportunities to 2017

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Key Trends

and Opportunities to 2017

Category : Banking & Finance

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Introduction to Report

Launch Date: January 17, 2014

Number of Pages: 66

Geography Coverage: United Kingdom

Available Format: PDF

Price For Single User License: USD 2,795

Price For Site License: USD 5,590

Price For Global User License: USD 8,385

Delivery Time: Within 24 Hours (During Working Days)



About the Report

Commercial Property Insurance in the UK – KeyTrends and Opportunities to 2017 reportprovides market analysis, information andinsights into the UK commercial propertyinsurance business

It provides a snapshot of market's size andsegmentation

It offers a comprehensive analysis ofclaims, drivers and market outlook

It analyzes distribution channels

It details deals, news and regulatorydevelopments



Research Findings

Gross written premiums in the commercial propertyinsurance category recorded sustained growth throughoutthe review period (2008–2012), rising at a compoundannual growth rate (CAGR) of 6.79%. Premiums increasedat an annual rate of 6.8% in 2012, reaching a total ofGBP6.72 billion; the highest level in five years.

Commercial property insurance claims paid declined by5.5% in 2012, but this belies the rapid growth recordedsince 2008. Payouts rose at a CAGR of 57.29% over thefive years to 2012, while claims incurred increased at aCAGR of 28.61% during the same period. The UK hasexperienced frequent flooding since 2000, including twoof the wettest years on record since 2008.



Research Findings Continues..

Despite weakness in the commercial construction marketand flagging business sentiment due to poor economicconditions, the rise in premiums was driven by high claimsrelated to severe weather and instances of civil unrest.Tentative economic recovery and improving businessconditions drove growth towards the end of the reviewperiod.

A large claims burden, limited investment returns due tothe UK’s low interest rate environment, and risingexpenses have hindered the profitability of insurers in thecategory. A combined operating ratio of 111.8% wasregistered in 2012. Although it exceeds the 100%breakeven threshold, it marks an improvement onprofitability levels recorded during 2008−2010.



Research Findings Continues..

Following the expiry of the Statement of Principles inJune 2013, Flood Re was established by the governmentand the insurance industry. Unlike its predecessor, FloodRe excludes small businesses from guaranteed floodinsurance at affordable prices, and will result in upwardpressure on costs and premiums for insurers and theircommercial customers.

Despite downside forces, growth in commercial propertygross written premiums will prevail over the forecastperiod (2013–2017) as the economic recovery gainstraction, business confidence improves and commercialconstruction activity increases. Premiums are expected torise to GBP8.22 billion in 2017, representative of a CAGRof 4.34% over the five years from 2013.



Scope:

This report provides market analysis,information and insights into the UK commercialproperty insurance business

It provides a global snapshot of market size

It analyses drivers and the outlook for themarket

It provides information on distributionchannels

It covers deals, news and regulatorydevelopments



Reasons To Buy:

Gain an understanding of the UK commercialproperty insurance market size

Learn about the performance of market driversand distribution channels

Understand the competitive landscape in termsof performance, profitability and productinnovation

Find out more on key deals and recentdevelopments in the market



Report Coverage

1. Executive Summary

2. Introduction

3. Market Analysis

4. Competitive Landscape

5. Porter’s Five Forces Analysis

6. Deals

7. News

8. Regulation and Compliance

9. Macroeconomic Backdrop

10.Company Profiles

11.Statistics

12.Appendix

For more details regarding Report coverage see the last slide




Company Coverage (Partial List)

For more details regarding company coverage and TOC see the last slide




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