UK Household Insurance: Competitor Dynamics
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
The UK household insurance market is a highly competitive market. Insurers that can control their costs are able to deliver profitable books even in soft market conditions, with rates reducing or remaining flat. The number of insurers active in this market makes it hard to generate rate increases on top of the increase in insurance tax. However, pricing is generally at a level that is unable to sustain an unusual weather event such as the floods of 2007, so insurers need to be clever about the risks they take on.
Scope
• The top 10 insurers account for 73.6% of the market.
• Achieving growth with soft rates has been challenging for the top insurers.
• Lloyds Banking Group became the market leader in 2015, replacing Direct Line Group.
• Aviva has launched the Flood Re scheme for homeowners affected by floods.
Reasons to Buy
Benchmark yourself against other players in the market.
Adapt your proposition to gain competitor advantage.
Aviva
Ageas
LV=
Lloyds Banking Group
AXA
Allianz
Covea
RSA
NFU Mutual
Admiral
Assurant
Zurich
Chubb
BNP Paribas
ACE
The warranty Group
Table of Contents
Table
Figures
Frequently asked questions
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.