UK Employers’ Liability Insurance: Competitor Dynamics

Pages: 17 Published: December 01, 2015 Report Code: 2470002-VF

The UK Employers’ Liability (EL) insurance market continues to be characterized by overcapacity and unprofitability. While underlying demand for EL has steadily increased in recent years, premium rates continue to lag behind claims inflation.


Zurich, with a large municipal and corporate book for employers' liability insurance, maintained its grip as the UK’s largest employers’ liability insurer with 2014 GWP of £189m.

Allianz saw its business rebound in 2014. After reporting a GWP decrease in both 2012 and 2013, the insurer reported a healthy 10.6% growth in GWP in 2014.

AXA continued to reign as the insurer most often selected by commercial insurance brokers placing employers' liability cover, as per our 2015 Commercial Broker Survey.

Reasons to Buy

Review your strategy against both the existing and new challenges regarding the employers’ liability market.

Benchmark against the experience of the market’s key players in terms of market share, growth, and book performance.

Key Players

Liberty Mutual

Table of Contents



The market positions of key players changed in 2014

Zurich continues to maintain a strong grip on the market

Aviva regained second place in 2014

QBE's book has yo-yoed as the insurer seeks to maintain writing discipline

Allianz's business grew in 2014 after a setback in previous years

AIG Europe was the only insurer to report notable growth in market share

The majority of the top 11-20 insurers reported premium growth in 2014

Insurers' strategies differ by segment focus and the strength of other commercial lines

Employers' liability insurance is rarely traded in isolation to other commercial cover

Employers' liability insurers vary in strength by business size sector

AXA is the most popular employers' liability insurer among SMEs

Aviva and AXA are brokers' preferred employers' liability insurers


Abbreviations and acronyms


Gross premium

Reported year combined ratio

Reserve development

Written premiums



Primary and secondary research

Forecast methodology

Verdict Financial's 2015 UK SME Insurance Survey

Verdict Financial's 2015 Commercial Broker Survey


Further reading

About Verdict Financial


List of Tables

Table 1: Top 10 employers' liability insurers by GWP (£000s), 2011-14

Table 2: Top 10 employers' liability insurers by market share (%), 2011-14

Table 3: Top five insurers for employers' liability insurance, by business size (% of respondents), 2015

Table 4: Top 10 employers' liability insurers as selected by surveyed broker respondents, 2014

List of Figures

Figure 1: Zurich achieved a 15.4% market share in 2014

Figure 2: AXA was the most selected employers' liability insurer among SME respondents


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