Group Risk Insurance Market in the UK: Size, Share, Global Trends, Drivers, Report, Opportunities, Anaysis and Forecast to 2018 - PowerPoint PPT Presentation

About This Presentation
Title:

Group Risk Insurance Market in the UK: Size, Share, Global Trends, Drivers, Report, Opportunities, Anaysis and Forecast to 2018

Description:

New business premiums in the group risk insurance category grew by 35.8% in 2012, but fell by 2.9% in 2013. This was a result of a sharp rise in new business at Friends Life in 2012 following its consolidation of Bupa’s protection business and Axa’s UK life business, and a subsequent decline in group protection sales reported by the insurer in the 2013 PRA returns. To get details of report at: – PowerPoint PPT presentation

Number of Views:60

less

Transcript and Presenter's Notes

Title: Group Risk Insurance Market in the UK: Size, Share, Global Trends, Drivers, Report, Opportunities, Anaysis and Forecast to 2018


1

Main Title
Market Research Report 
Group Risk Insurance in the UK, Key Trends and
Opportunities to 2018
reportscue
2

Synopsis The report provides market analysis,
information and insights into the UK group risk
insurance business. It also provides a
snapshot of the market's size and dynamics.
Furthermore, the report offers a comprehensive
analysis of claims, drivers and market
outlook. It also summarises deals, news and
regulatory developments in the category.
3

Report OverviewNew business premiums in the
group risk insurance category grew by 35.8 in
2012, but fell by 2.9 in 2013. This was a result
of a sharp rise in new business at Friends Life
in 2012 following its consolidation of Bupas
protection business and Axas UK life business,
and a subsequent decline in group protection
sales reported by the insurer in the 2013 PRA
returns. The majority of group risk insurers
achieved solid results in both 2012 and 2013,
receiving a boost in new group protection sales
due to the introduction of pension auto-enrolment
from October 2012. The group risk insurance
category recorded a compound annual growth rate
(CAGR) of 1.0 during the review period
(2009-2013) to reach a value of GBP293.7 million
in 2013. Providers and advisers are expected to
benefit from opportunities created by
auto-enrolment, as more employers will be willing
to consider a wider range of flexible benefits
for their staff. Group risk benefits, such as
group income protection (IP), group critical
illness (CI) or group life schemes, are expected
to become more relevant to employers as they aim
to reduce sickness absence costs and improve
staff retention
4

Scope This report provides a comprehensive
analysis of the group risk insurance market in
the UK. It provides historical values for the
UK group risk insurance market for the reports
2009-2013 review period and forecast figures for
the 2014-2018 forecast period. It offers
estimates of new business premiums collected in
the market. It provides an overview of market
dynamics and market drivers. It profiles top
group risk insurers in the UK and outlines the
key challenges faced in the market.
Key Highlights Protection providers deliver
strong results in the group risk insurance
category. Auto-enrolment has the potential to
widen the appeal of group risk benefits. The
government is launching a new Health and Work
Service (HWS) initiative. Online technical
solutions are well received by intermediaries.
The category is forecast to expand at CAGR of
4.5 during the next five years. 
5

Table of Contents1 Executive Summary 2
Introduction 3 Market Analysis 4 Competitive
Landscape 5 Deals and News  6 Regulation and
Compliance 7 Economic Backdrop 8 Company
Profiles 9 Statistics 10 Appendix
6

List Of Figures 1 UK Group Risk Insurance - New
Business Premiums (GBP Million), 2009-2013 2 UK
Group Risk Insurance - New Business Premiums by
Product Type (GBP Million), 2009- 2013 3 UK
Group Income Protection - New Business Premiums
(GBP Million), 2009-20 4 UK Group Critical
Illness - New Business Premiums (GBP Million),
2009-2013 5 UK Group Life Insurance - New
Business Premiums (GBP Million), 2009-2013 6 UK
Group Risk Insurance - New Business Premiums
Forecast (GBP Million), 2014-2018 7 UK Group
Risk Insurance Growth Dynamics by Product (),
2009-20188 UK Market Shares of the Top 10 Group
Risk Insurance Providers (), 2013 9 The UKs
Insurance Regulatory Framework 10 UK Real GDP
(Million) and Quarter-on-Quarter Growth (),
2007-2014 11 UK Growing and Aging Population
(Years), 1995-2013 12 UK Population Aged Over 65
Years (), 2007-2018 13 UK Overall Life
Expectancy (Years), 1995-2018 14 UK Working-Age
ESA and IB Claimants (Thousands), February
2005-July 2014 15 UK Employment and Unemployment
Rates (), 2007-2014
7

Reason To Buy Gain an understanding of the
UK group risk insurance market. Learn about
the performance of market drivers, claims and
market dynamics. Explore group risk products
and key providers in the category. Find out
more on key deals and recent developments in the
market. To Get Details http//www.reportscue
.com/group-risk-insurance-in-the-uk-key-trends-and
-opportunities-to-2018-market
Write a Comment
User Comments (0)
About PowerShow.com