Today: November 28, 2015, 5:06 am

United Kingdom non-life insurance market: Growth of 3.6% between 2008-12
Non-Life Insurance in the United Kingdom, Key Trends and Opportunities to 2017 - a new market research report on 2014-04-17 10:29:02
The UK is the seventh-largest economy in the world. The global financial and eurozone debt crises led to a decline in the country´s economic growth, which impacted the demand for insurance products. The UK insurance industry, the third-largest globally, decreased at a CAGR of -2.1% during the review period (2008–2012). Growing vehicles sales, and increased construction and travel activities related to the Olympic Games in London 2012 supported the growth of the non-life insurance segment.

Sustained demand for compulsory insurance products such as motor insurance also added to the growth. The country´s non-life segment increased at a CAGR of 3.6% during the review period. Over the forecast period (2012–2017), stable economic growth, increasing vehicle sales and improvement in the property market will drive growth. However, increasing competition and rising claims rates, along with delays in the implementation of Solvency II, remain key challenges facing the segment.

During 2012, heavy rainfall in June and July led to upward pressure on property insurance prices. The main distribution channels for non-life products are brokers, direct marketing and bancassurance. These channels accounted for 83.9% of total commission paid for the non-life segment in 2012.

Click for report details: ..

Browse all Finance and Banking Market Research Reports ..

Browse all Finance and Banking Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 398 Words
Related Articles
More From Finance
USGFX Anticipates A Rise In Forex Trading [..]
The Shanghai Composite Index has been volatile and at one stage dropped more than 30% from its June 12 peak, [..]
Credit-Yogi Recommends Reputable Debt Solution Companies To [..]
Many people who have poor credit don’t know what to do about it. They realize that their bad credit prevents [..]
Credit-Yogi Reveals Special Considerations for Military Members [..]
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual [..]
Credit-Yogi Teaches Consumers How To Use HAMP [..]
Be Prepared to Utilize HAMP Lenders do not like to help borrowers prevent foreclosure by accessing the Obama loan modification [..]
Credit-Yogi Informs Military Members Facing Auto Repossession [..]
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.