2018 Commercial Motor Insurance in the UK -Key Trends & Opportunities

1
Commercial Motor Insurance in the UK, Key Trends
and Opportunities to 2018

• Published Apr 2014
• Single User PDF US 2795
• Corporate User PDF US 5590

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2
Commercial Motor Insurance in the UK, Key Trends
and Opportunities to 2018

• Synopsis
• The report provides market analysis, information
  and insights into the UK commercial motor
  insurance insurance business, and offers
• A snapshot of the market's size and market
  segmentation
• Comprehensive analysis of claims, drivers and
  market outlook
• Analysis of distribution channels
• Deals, news and regulatory developments
• Get a detailed report at http//marketreportsstore
  .com/commercial-motor-insurance-in-the-uk-key-tren
  ds-and-opportunities-to-2018/ .

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3
Commercial Motor Insurance in the UK, Key Trends
and Opportunities to 2018

• Summary
• The UK commercial motor insurance category has
  recorded growth since 2008, despite the
  synchronous recessionary backdrop. Gross written
  premiums rose at an annual rate of 7.2 in 2012,
  to a total of GBP3.4 billion and a five-year
  high. During the review period (20082012),
  premiums posted a compound annual growth rate
  (CAGR) of 5.50.
• The recession resulted in faltering business
  confidence, lenders reducing the availability of
  credit, and a slump in capital spending including
  investment in commercial vehicles. Faced with a
  reduction in the underlying demand for commercial
  motor insurance, rate rises in the category were
  largely due to insurers hiking rates to protect
  profits.
• The total combined operating ratio for insurers
  operating in the category remained above 100
  during the review period and stood at a five-year
  low of 106 in 2012, indicating long-standing
  profitability struggles. Premium increases
  enacted during the review period have not been
  able to offset rising claims payouts, an increase
  in operating expenses, and record-low interest
  rates limiting returns on investments.

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4
Commercial Motor Insurance in the UK, Key Trends
and Opportunities to 2018

• Scope
• This report provides market analysis, information
  and insights into the UK commercial motor
  insurance business
• It provides a global snapshot of market size
• It analyses drivers and the outlook for the
  market
• It provides information on distribution channels
• It covers deals, news and regulatory developments

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5
Commercial Motor Insurance in the UK, Key Trends
and Opportunities to 2018

• Reasons To Buy
• Gain an understanding of the UK commercial motor
  insurance market size
• Learn about the performance of market drivers and
  distribution channels
• Understand the competitive landscape in terms of
  performance, profitability and product innovation
• Find out more on key deals and recent
  developments in the market
• Inquire about this report at http//marketreportss
  tore.com/purchase?rname9560 or Call 1 888 391
  5441

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6
Commercial Motor Insurance in the UK, Key Trends
and Opportunities to 2018

• Key Highlights
• Performance defied difficult economic conditions
• The recession constrained investment in
  commercial vehicles
• Insurers in the category have struggled to make a
  profit
• Claims costs have risen sharply
• Measures to combat fraud are expected to
  alleviate the claims burden
• Favorable factors will drive strong growth from
  2015
• Explore thousands of market research reports on
  any other business research / market intelligence
  need on the Banking Financial Services market
  at http//marketreportsstore.com/category/banking-
  finance/ .

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