Monday, 16 January 2017

UK SME Insurance Market Size, Share, Key Trends, Dynamics and Opportunities, Competitive Landscape 2016

Summary
The UK SME insurance market has continued to grow. In 2015, the market was worth £7.7bn in gross written premiums (GWP), up 12.1% year-on-year. This has been driven by a growing economy, which has facilitated increases in the number of SMEs in the UK and consequently the opportunity to sell commercial insurance.

Synopsis
Verdict Financial's “UK SME Insurance: Market Dynamics and Opportunities 2016” report analyzes the UK SME insurance market. Economic factors including GDP growth, SME business confidence, and unemployment rates are explored in relation to the UK's business landscape.

Growth in the number of SMEs is explored by business size and industry. The SME market is discussed in relation to the uptake of commercial insurance. Finally an estimate of the current and historic market size is provided, in addition to a five-year forecast.


Key Findings
- Micro businesses account for 95.5% of UK private sector enterprises and 18.1% of generated turnover.

- Uptake of cyber insurance and directors and officers liability insurance has risen by 11.6 and 10.5 percentage points respectively since 2014.

- 38.0% of SMEs are concerned about an event that would stop them trading.

- The UK SME insurance market is forecast to be worth £9.04bn in 2020.


UK Commercial Property Insurance Market Size, Share, Competitor Dynamics, Key Trends and Opportunities 2016

Summary
The UK commercial property insurance market is highly competitive and the market has been stuck in a soft period of the cycle for a prolonged period. The market witnessed a decline in 2015 and the profitability of the top players also remained subdued. High operating costs and continued competition via market overcapacity are cutting into insurers' profitability.

Synopsis
Verdict Financial's “UK Commercial Property Insurance: Competitor Dynamics” report is one of a series 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 propositions.


Key Findings
- The top 10 insurers account for 65.3% of the market.

- Aviva remains the largest commercial insurer in the UK.

- Aviva was the provider of choice for commercial brokers.


Reasons To Buy
- Benchmark yourself against other players in the market.

- Adapt your proposition to gain competitor advantage.

See More Reports of This Category by Radiant Insights: http://www.radiantinsights.com/catalog/financial-services

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UK Commercial Motor Insurance Market Size, Share, Competitor Dynamics, Key Trends and Opportunities 2016

Summary
The UK commercial motor insurance market is highly competitive. The market grew slightly in 2015 as a result of economic growth, which boosted business prosperity and therefore investment in commercial vehicles to support business expansion. But with the effects of Brexit looming large, the market is expected to witness slow growth as businesses become more wary of making investments in new commercial vehicles.


Synopsis
Verdict Financial's “UK Commercial Motor Insurance: Competitor Dynamics 2016” is part of a series providing a high level look into insurer activity during the last year within commercial motor. Each report looks at the leading players to see how they have performed and how they have changed their overall proposition.

Key Findings
- The top 10 insurers account for more than three quarters of the market.

- RSA, Aviva, Allianz, and NFU Mutual have been the top four since 2013.

- NFU Mutual was the most profitable commercial motor insurer among the top 10.


Reasons To Buy
- Benchmark yourself against other players in the market.

- Adapt your proposition to gain competitor advantage.

See More Reports of This Category by Radiant Insights: http://www.radiantinsights.com/catalog/financial-services

Tuesday, 10 January 2017

UK Protection Insurance Market Size, Share, Key Trends, Critical Illness and Income Protection

Summary
Individual product performance in the protection market is a turbulent and confusing picture, with erratic premium behavior across the board.

 While term (and specifically non-mortgage term) products are still the dominant force with over 70% of protection share, there has been downward pressure on every product line in recent times, reflecting the uncertain, fragile national macroeconomic picture. Indeed, in the absence of major market-driven change it is the macro-environment that dictates performance.

Synopsis
Verdict Financial's “UK Protection Insurance: Critical Illness and Income Protection” examines the protection market, focusing on two products: critical illness and income protection. It examines how the market has performed and explores the key drivers shaping the market going forward. It also highlights the impact of RDR and provides a forecast for the next five years.

Access Full Report with TOC @ http://www.radiantinsights.com/research/uk-protection-insurance-critical-illness-and-income-protection