UK Directors’ & Officers’ Insurance: Market Dynamics and Opportunities 2018
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"UK Directors’ & Officers’ Insurance: Market Dynamics and Opportunities 2018", report provides an in-depth analysis of the UK D&O insurance market. It looks at market size and profitability as well as changes in premiums, claims, distribution, regulations, and opportunities. It provides a thorough overview of the market along with future forecasts.
The UK D&O insurance market finally started to turn in 2018. Premium rate rises are particularly in evidence in the large corporate sector, as claims frequency and severity have both increased. While pockets of highly competitive and profitable business remain, several major insurers have been burnt, and a more prudent pricing approach is emerging in the face of an ever-changing risk landscape.
Scope
– Penetration of D&O among SMEs continues to gradually increase. GlobalData's 2018 UK SME Insurance Survey estimates that 18.7% of SMEs now have D&O, a figure that rises along with company size; around 50% of small and medium-sized companies now have this cover.
– As pressures have ratcheted up, the health of the UK’s D&O book has significantly deteriorated over the last couple of years. In Q4 2018, insurers almost unanimously reported to GlobalData an increase in claims over the last couple of years, particularly for larger public company risks. Many insurers stated that profitability on their D&O books has been marginal at best, with several major players losing money.
Reasons to Buy
– Benchmark yourself against the rest of the market.
– Ensure you remain competitive as the market faces new challenges.
– Adapt your distribution strategy to ensure it is efficient and still meets customer purchasing behavior.
Marsh
Aon
Arthur J Gallagher
RSA
Aviva
Hiscox
Allianz
Markel
XL Catlin
Travelers
Jewel
AIG
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