Just Published: "United Kingdom Insurance Report Q1 2015"

From: Fast Market Research, Inc.
Published: Wed Dec 31 2014

We expect that premiums will rise slowly and steadily in both major segments of the UK's massive and highly sophisticated insurance segment. In the life segment, the changes that were announced by the government in the March 2014 Budget are a game changer. Total premiums will be boosted as leading life insurers take advantage of the multiple strengths to promote products and solutions other than annuities. We would stress, though, that sales of annuities will not fall to zero. In the non-life segment, the continuing growth of the UK and global economies, along with product innovation, mean that premiums should rise. We think that prices in the motor vehicle insurance sub-sector are near a floor. Indeed, in the latest results (for H114 and the first nine months of the year) it is easy to find examples of major non-life companies that have lifted prices for motor insurance.

Even if London was not home to Lloyd's of London and the International Underwriting Association, the UK would still have a huge and dynamic insurance sector. Relative to other large European markets, the UK is unusual in that the competitive landscapes of both the non-life and the life segments contain large numbers of world-class indigenous companies (some of which have very large footprints outside the country) and numerous multi-national/global titans that are based in other countries. In short, customers in both major segments can be assured of world-class solutions that are provided by innovative insurers which have excellent access to global capital and reinsurance markets. Some of the leaders enjoy the additional stability of business that comes from being composite insurers.

Full Report Details at
- http://www.fastmr.com/prod/938383_united_kingdom_insurance_report_q1_2015.aspx?afid=301

The changes that were announced in the March 2014 Budget are momentous. This is because the life insurers dominate organised savings in the UK in a way that they do not in other Anglo-Saxon countries. Key metrics such as life density (premiums per capita) and penetration (premiums as a percentage of...

The United Kingdom Insurance Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for the insurance sector. It examines industry developments, key growth drivers and risk management projections, including the macroeconomic situation, government policy, regulatory environment and the level of development and potential for growth, broken down by line. Leading insurers are profiled, covering premiums, products and services and competitive positioning.

BMI's United Kingdom Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the British insurance industry.

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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