2014-03-14 01:15:04 - UK Employers' Liability Insurance: Market Dynamics and Opportunities - a new market research report on companiesandmarkets.com
The UK employers´ liability insurance market has suffered a difficult 2012, with challenging economic conditions impinging on both business volume and the ability to push through sufficient premium rate increases. This report provides a health check for the market emerging from 2012 and reviews the environment in which it operates.
- Compare a whole market view, informed by a series of insurer interviews, against your own experience and expectations.
- Develop strategies to approach opportunities arising in the market, and prepare for emerging challenges.
The employers´ liability market GWP grew by an estimated 3.0% to Â£1,369m in 2012, primarily as a result of low single-digit rate growth.
The economic downturn has had an impact on the claims environment while the number of
claims for hearing loss has spiraled.
Rate increases in 2012 sat at approximately 3% for the whole market, with 4% a target in 2013 as rates seek to meet claims inflation of 5-6%.
Reasons to Buy
- What are other insurers in the market most concerned by, and may there be consequences you haven´t considered?
- How is the market likely to have performed in 2012 and how does this compare when benchmarked to your experience?
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