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United Kingdom Insurance Report 2014 - New Market Report

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2013-12-27 10:26:27 - New Financial Services research report from Business Monitor International is now available from Fast Market Research

As of late 2013, both the non-life (re)insurers and the life companies are proactively working to boost profits (and, in many cases, premiums) in a global economic and financial environment that remains quite challenging.

Key Insights And Key Risks

Strategies vary from company to company but, as is apparent from their latest published results, include: acquisitions; development of new products; development of new channels (and, in particular, affinity marketing); realignment of portfolios, even if this means that premium growth is curtailed in the short-term; divestments of non-core businesses; and, even greater discipline in underwriting.

As expected, the Retail Distribution Review (RDR) has emerged as a key issue for many companies that are providing life insurance products and pensions. In the short-term, RDR will

continue to present challenges, because it implies massive changes for the UK's community of advisers - who are important distributors' of the insurers products. In the long-run, it is undoubtedly an opportunity. It will encourage open architecture and the provision of savings solutions via platforms, an element of the UK's financial services infrastructure in which the insurers are leaders. RDR is clearly good for consumers, and should serve to boost public perceptions of organised savings, including the life insurance companies. In their Interim Management Statements for the first three quarters or 2013, several of the leading life companies made it clear that they benefited from the changes.

Full Report Details at
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Both Lloyd's and the major non-life companies have highlighted three broad themes. One is the greater need to rely on underwriting profits - because investment earnings continue to be crimped by very low interest rates. The second is the generally benign catastrophe loss experience. The third is the downwards pressure on prices and rates. In the globally-connected UK non-life (re)insurance markets, this is substantially because of an increase in the amount of capital worldwide that is available for underwriting. Some of this capital has come from parties who have not traditionally been involved with insurance.

Report Table of Contents:

BMI Industry View
- Table: Total Premiums 2010-2017
- Insurance
- Political
- Economic
- Business Environment
Industry Forecast
- Life
- Table: Total Life Premiums, 2010-2017
- Non Life
- Table: Total Non Life Premiums, 2010-2017
Industry Risk Reward Ratings
- United Kingdom Insurance Risk/Reward Ratings
- Table: United Kingdom's Insurance Risk/Reward Ratings
- Developed States Insurance Risk/Reward Ratings
- Table: Developed States Insurance Risk/Reward Ratings
Market Overview
- Life Sector Update
- Non Life Sector Update
Industry Trends and Developments
- Life Growth Drivers and Risk Management Projections
- Table: Insurance Key Drivers, Demographics 2010-2017
- Non Life Growth Drivers and Risk Management Projections
- Macroeconomic
- Spontaneous Growth Surge Forces Up GDP Forecasts
- Table: United Kingdom - Economic Activity
- Political Outlook
- Domestic Politics - Party Conference Season Kick Starts Race For 2015
- Table: Table: Europe Regional Security Ratings (scores out of 100, with 100 the best)
- Healthcare Sector
- Healthcare Reforms
- Healthcare Funding
- Healthcare IT
- Health Insurance
- Epidemiology
- Table: Insurance Key Drivers, Disease Adjusted Life Years 2010-2017
- Autos
- Table: Insurance Key Drivers, Autos 2010-2017
Competitive Landscape
Company Profile
- Ageas
- Old Mutual Group
- Prudential plc
- Standard Life
- ACE Group
- Catlin Group
- XL Group
Regional Overview
- Developed States Life Sector Overview
- Table: Developed States Life Premiums, 2010-2017
- Developed States Non Life Sector Overview
- Table: Developed States Non Life Premiums, 2010-2017 (US$mn)
Demographic Forecast
- Table: The United Kingdom's Population By Age Group, 1990-2020 ('000)
- Table: The United Kingdom's Population By Age Group, 1990-2020 (% of total)
- Table: The United Kingdom's Key Population Ratios, 1990-2020
- Table: The United Kingdom's Rural And Urban Population, 1990-2020
- Industry Forecast Methodology
- Risk/Reward Rating Methodology
- Table: Insurance Risk/Reward Ratings Indicators
- Table: Weighting Of Indicators

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

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