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Home >
UK Commercial Motor Insurance 2009
Report
Published: August 2009
Pages: 89
Tables: For full details, please email keithw@cmsinfo.com
From: GBP 2809.38 Buy Now!
Research from: Datamonitor
Sector: Financial Services
Introduction
The report is an invaluable guide to the UK commercial motor insurance market, providing insight into competitor strategies, profitability and performance as well as overall market growth and trends. It examines trends in distribution and identifies the key drivers behind claims inflation. The report also provides forecasts for the size and profitability of the market up to 2013.
Scope
*Obtain the latest market size and profitability analysis of the UK commercial motor insurance market
*Insight into the effects of the recession on the market, including the major changes to the competitor rankings
*Detailed market growth and profitability forecasts based on Datamonitor's in-house model and expertise
Highlights
When SMEs were asked which commercial products they were most likely to buy using the telephone and internet platforms, employers' liability and public liability were the two most commonly cited answers, whereas only 40.9% of SMEs would do so with their commercial motor insurance.
All of the insurers in the top 10 had at least some exposure to the commercial vehicle market in 2008, although fleet business dominates the books of the majority of these insurers. This is unsurprising given that the fleet market is much larger than that for commercial vehicle cover, allowing insurers to develop substantial books of business.
Reasons to Purchase
*Analysis of the performance of the key sectors of the UK commercial motor insurance market
*Benchmark your company against your competitors based on market share data and profitability ratios
*Develop your future business plans from an informed viewpoint with Datamonitor's market forecast
The report is an invaluable guide to the UK commercial motor insurance market, providing insight into competitor strategies, profitability and performance as well as overall market growth and trends. It examines trends in distribution and identifies the key drivers behind claims inflation. The report also provides forecasts for the size and profitability of the market up to 2013.
Scope
*Obtain the latest market size and profitability analysis of the UK commercial motor insurance market
*Insight into the effects of the recession on the market, including the major changes to the competitor rankings
*Detailed market growth and profitability forecasts based on Datamonitor's in-house model and expertise
Highlights
When SMEs were asked which commercial products they were most likely to buy using the telephone and internet platforms, employers' liability and public liability were the two most commonly cited answers, whereas only 40.9% of SMEs would do so with their commercial motor insurance.
All of the insurers in the top 10 had at least some exposure to the commercial vehicle market in 2008, although fleet business dominates the books of the majority of these insurers. This is unsurprising given that the fleet market is much larger than that for commercial vehicle cover, allowing insurers to develop substantial books of business.
Reasons to Purchase
*Analysis of the performance of the key sectors of the UK commercial motor insurance market
*Benchmark your company against your competitors based on market share data and profitability ratios
*Develop your future business plans from an informed viewpoint with Datamonitor's market forecast