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Analyst Opinions
NewUnited Kingdom (UK) Whole of Life Assurance Distribution Dynamics and Future Market, 2023 Update
This report explores consumer purchasing preferences for whole of life assurance, as well as how they have changed over time. It identifies what is most influential to customers when purchasing a whole of life policy and reveals the most popular providers in the market. New trends and innovations are highlighted, as well as the key factors that will influence the market over the next few years. In 2023, visiting their existing provider’s website and calling their existing provider were cited...
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Analyst Opinions
NewUnited Kingdom (UK) Personal Lines Insurance Distribution Dynamics and Future Market, 2023 Update
This report examines consumer channel preferences in the personal lines space and how these have changed over time, including the drivers behind customers’ choices. It also forecasts the future of personal lines distribution to 2027. We estimate that in 2023, the direct channel remained the preferred choice for personal insurance purchases, accounting for 51.5% of distribution. Meanwhile, we expect the broker channel to have increased its market share to 33.7% in 2023e. On the other hand, we expect the bank...
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Analyst Opinions
NewUnited Kingdom (UK) Income Protection Insurance Distribution Dynamics and Future Market, 2023 Update
This report explores how purchasing preferences have changed over time in the UK income protection insurance market. It discovers what is most influential to customers when purchasing an income protection policy and reveals the most popular providers in the market. New trends and innovations are highlighted, as well as the key factors that will influence the market over the next few years. In 2023, price comparison websites (PCW) remained the preferred pre-purchase activity, as cited by 27.4% of respondents. Consumers...
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Thematic Analysis
NewAutonomous Vehicles in Insurance – Thematic Intelligence
The primary challenges to the insurance industry relating to autonomous vehicles are largely technological and regulatory. More specifically, insurers need to understand the impact of in-car technology on collisions to accurately quantify the risk of a vehicle. They also need to understand the cost of this technology and how it is likely to change over time so that they can manage these costs. To fully understand the potential of autonomous vehicles on road safety (and ultimately insurance premiums), insurers are...
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Analyst Opinions
NewUnited Kingdom (UK) Bancassurance Distribution Dynamics and Future Market, 2023 Update
United Kingdom (UK) Bancassurance Distribution Market Overview Bancassurance represents a strategic alliance between banks and insurance companies, designed to offer customers the convenience of purchasing insurance products in conjunction with banking services. The banking channel accounts for the highest share of total personal and commercial lines distribution in 2023. App purchases through the bank channel increased with no other channel recording a higher proportion of purchases via apps. This could be because of banks’ intensified focus on digitalization, resulting in...
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Product Insights
NewUnited Kingdom (UK) Private Landlord Insurance Market Analysis and Competitive Landscape
United Kingdom (UK) Private Landlord Insurance Market Report Overview The UK residential landlord insurance market gross written premium (GWP) in 2023 was estimated to be GBP911.7 million. The market has mainly been driven by the effects of higher inflation and supply chain disruptions driving up the cost of rebuilding property. Â and will grow at a CAGR of more than 3% during 2023-2028. The growth is attributed to the effects of higher inflation and supply chain disruptions driving up the cost...
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Analyst Opinions
NewUnited Kingdom (UK) Private Medical Insurance Distribution Dynamics by Channels and Future Market, 2023 Update
United Kingdom (UK) Private Medical Insurance (PMI) Market Report Overview The UK private medical insurance (PMI) market research report explores how consumer purchasing preferences for private medical insurance have changed. The UK private medical insurance market research report gives an insight into the consumer purchasing preferences for private medical insurance in the UK. The report discovers the factors influencing customers when purchasing a policy and reveals the most popular PMI insurance providers in the market. New trends and innovations are...
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Sector Analysis
NewUnited Kingdom (UK) Critical Illness Insurance Distribution Dynamics and Future Market
United Kingdom (UK) Critical Illness Insurance Market Report Overview The COVID-19 pandemic has left a lasting impact on consumers, highlighting the importance of mental and physical well-being and boosting awareness around the advantages of critical illness coverage. The total critical illness insurance market premiums was GBP28.7 million in 2022 and it will grow at a CAGR of more than 7% from 2022 to 2027. The UK critical illness insurance market research report explores consumer purchasing behaviors for critical illness insurance...
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Product Insights
NewMicromobility in Insurance – Market Trends and Dynamics, 2024
Micromobility in Insurance Market Report Overview Micromobility is a term used to describe the range of lightweight vehicles designed for one or two people. It largely constitutes bicycles, e-bikes, and e-scooters and is a particularly popular form of first- and last-mile transport in urban environments. City planners and policymakers are using micromobility to encourage less private vehicle usage as part of their net-zero strategies. Shared mobility services are growing in popularity across most major cities as younger consumers make use...
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Analyst Opinions
NewUnited Kingdom (UK) Term Assurance Distribution Dynamics by Channels and Future Market, 2023 Update
United Kingdom (UK) Term Assurance Market Report Overview The UK term assurance market will be mainly driven by technological innovations and regulatory developments. The UK term assurance market research report explores consumer purchasing behaviors for term assurance in the country.  The report provides valuable insights into the trends and innovations that will shape the UK assurance market in the coming years. Key Type ·       Non-Mortgage-Related Term Assurance ·       Mortgage-Related Term Assurance Key Channels ·       Insurers ·       Broker/IFA ·       Price Comparison...