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.
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.
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Report With TOC @ http://www.radiantinsights.com/research/uk-private-motor-insurance-competitor-dynamics
Key Findings
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The top 10 insurers account for 65.5% of the market.
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Co-op Insurance replaced RSA in the top 10 private motor insurers list.
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Half of the top 11-20 private motor insurers reported GWP growth in 2015.
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Covea delivered a profitable book, while others struggled.
Reasons To Buy
-
Benchmark yourself against other players in the market.
-
Adapt your proposition to gain competitor advantage.
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copy of This Report @ http://www.radiantinsights.com/research/uk-private-motor-insurance-competitor-dynamics/request-sample
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