Newly released market study: United Kingdom Insurance Report Q4 2015

We believe the UK's economic recovery will continue in 2015 and beyond, powered by a recovery in real wages and further improvements in labour market conditions. Although real GDP growth rates will decelerate slightly over the coming quarters, the UK will likely outperform most regional peers. This will improve available funds for spending on insurance across both life and non-life lines. In particular we anticipate strong growth in health 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 life segments contain large numbers of world-class indigenous companies (some of which have very large footprints outside the country) and numerous multinational/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/1052922_united_kingdom_insurance.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 GDP) are high in the UK. The mega-merger that was announced in December 2014 by Aviva and Friends Life will not be the only strategic response by majors. Meanwhile, Ageas has sold its protection business, while Prudential plc has disposed of 25% stakes in two joint ventures in order to keep its options open in relation to protection.

The United Kingdom Insurance Report has been researched at source and features BMI Research'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.

Key Benefits

* Benchmark BMI's independent insurance industry forecasts for United Kingdom to test other views - a key input for successful budgeting and strategic business planning in United Kingdom's insurance market.
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