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Household Insurance in the UK – Key Trends and Opportunities to 2020

Household Insurance in the UK – Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Household Insurance in the UK – Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into UK household insurance, including:

  • The UK household insurance business growth prospects by segment and category
  • A comprehensive overview of the UK household economy and demographics
  • The detailed competitive landscape in the UK household insurance market
  • The various distribution channels in the UK household insurance market
  • Details of regulatory policy applicable to the UK household insurance market
  • Analysis of natural and man-made hazards, and their effects on the UK household insurance market
Summary

Timetric’s 'Household Insurance in the UK – Key Trends and Opportunities to 2020' report provides detailed analysis of the market trends, drivers and challenges in the UK household insurance business.

It provides key performance indicators such as written premium, penetration, density and claims during the review period (2011–2015).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the economy and demographics, and provides detailed information on the competitive landscape.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Scope

This report provides a comprehensive analysis of the household insurance business in the UK:
  • It provides historical values for the UK household insurance industry for the report’s 2011–2015 review period.
  • It offers a detailed analysis of the key segments in the UK household insurance business, with market forecasts to 2020.
  • It covers parameters including written premium, claims, penetration and density.
  • It analyzes the various distribution channels in the UK household insurance business.
  • It profiles the top insurance companies in UK household insurance, and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic data and forecast trends related to the UK household insurance business.
  • Gain an understanding of the UK household insurance business.
  • Learn about the performance of market drivers, distribution channels and market dynamics.
  • Explore key competitors in the category, and their performances.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the UK household insurance business.
  • Assess the competitive dynamics of the UK household insurance business.
  • Gain insights into key regulations governing the UK household insurance business, and their impact on companies and the market.
Key Highlights
  • After reaching its peak in 2011, the household insurance market registered a fourth consecutive decline in 2015.
  • Due to a weak housing market causing a softening of demand and fierce competition among insurers, the UK experienced downward premium pricing pressure during the review period.
  • Despite a weak economy and high flood-damage claims, household insurance remained profitable during the review period (2011–2015).
  • Underpinned by favorable economic and demographic factors, positive housing market trends and an increase in mortgage lending, the household insurance market is expected to post a forecast-period CAGR of 0.8%.


  • Executive Summary
  • Introduction
    • What is this Report About?
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • Household Insurance Market Analysis
    • Market Background
    • Market Size
      • Penetration and density
      • Breakdown by policy type
    • Claims
      • Claims review
      • Claims outlook
    • Market Drivers
    • Market Outlook
    • Distribution Channels
      • Distribution outlook
  • Competitive Landscape
    • Profitability
      • Profitability outlook
    • Review - Company Performance in 2015
      • Table UK Household Insurance - Best Annual Performers, 2015
    • Household Insurance - SWOT Analysis
      • Table UK Household Insurance - SWOT Analysis
  • Porter's Five Forces Analysis
    • Bargaining Power of Suppliers: Low
    • Bargaining Power of Buyers: Medium-to-High
    • Barriers to Entry: Low-to-Medium
    • Intensity of Rivalry: Medium-to-High
    • Threat of Substitution: Low-to-Medium
  • Deals and News
    • On-demand content insurance platform from Insurtech Trov
    • Aviva offers smart connected water leak detector LeakBot to policyholders
    • R&Q Insurance Acquires Business of AEGON Insurance
    • Allianz Extends Partnership with Broker Network
    • Legal & General to Withdraw from the ABI
    • FCA Investigates Add-On Practice in Non-Life Insurance
    • ABI Requests FCA to Provide Clarity on Insurance Renewals
  • Regulation and Compliance
    • Regulatory Changes
      • Referendum to leave the EU
      • The Insurance Act 2015
      • Enterprise Act 2016
      • The Consumer Rights Act 2015
      • Implementation of Solvency II regime
      • Changes to the insurance distribution regulations - Insurance Distribution Directive
      • Consumer Insurance (Disclosure and Representations) Act
  • Consumer Perspective
    • Policy Pricing
    • Consumers Prefer Renewal
    • Price-Comparison Aggregator Websites
  • Economic Backdrop
    • Real GDP growth
    • Demographics
    • Labor Market Conditions
    • Housing Market
    • Inflation and Interest Rates
  • Company Profiles
    • Lloyds Banking Group Plc - Company Overview
      • Lloyds Banking Group Plc - key facts
        • Table Lloyds Banking Group Plc - Key Facts
      • Lloyds Banking Group Plc - main products
        • Table Lloyds Banking Group Plc - Main Products
      • Lloyds Banking Group Plc - main competitors
      • Lloyds Banking Group Plc - key employees
        • Table Lloyds Banking Group Plc - Key Employees
    • Direct Line Insurance Group Plc - Company Overview
      • Direct Line Insurance Group Plc - key facts
        • Table Direct Line Insurance Group Plc - Key Facts
      • Direct Line Insurance Group Plc - main products
        • Table Direct Line Insurance Group Plc - Main Products
      • Direct Line Insurance Group Plc - main competitors
      • Direct Line Insurance Group Plc - key employees
        • Table Direct Line Insurance Group Plc - Key Employees
    • Aviva Plc - Company Overview
      • Aviva Plc - key facts
        • Table Aviva Plc - Key Facts
      • Aviva Plc - main products
        • Table Aviva Plc - Main Products
      • Aviva Plc - main competitors
      • Aviva Plc - key employees
        • Table Aviva Plc - Key Employees
    • Royal & Sun Alliance Insurance Plc - Company Overview
      • Royal & Sun Alliance Insurance Plc - key facts
        • Table Royal & Sun Alliance Insurance Plc - Key Facts
      • Royal & Sun Alliance Insurance Plc - main products
        • Table Royal & Sun Alliance Insurance Plc - Main Products
      • Royal & Sun Alliance Insurance Plc - main competitors
      • Royal & Sun Alliance Insurance Plc - key employees
        • Table Royal & Sun Alliance Insurance Plc - Key Employees
    • Axa UK Plc - Company Overview
      • Axa UK Plc - key facts
        • Table Axa UK Plc - Key Facts
      • Axa UK Plc - main products
        • Table Axa UK Plc - Main Products
      • Axa UK Plc - main competitors
      • Axa UK Plc - key employees
        • Table Axa UK Plc - Key Employees
    • Zurich Insurance Plc - Company Overview
      • Zurich Insurance Plc - key facts
        • Table Zurich Insurance Plc - Key Facts
      • Zurich Insurance Plc - main products
        • Table Zurich Insurance Plc - Main Products
      • Zurich Insurance Plc - main competitors
      • Zurich Insurance Plc - key employees
        • Table Zurich Insurance Plc - Key Employees
    • Ace European Group Ltd - Company Overview
      • Ace European Group Ltd - key facts
        • Table Ace European Group Ltd - Key Facts
      • Ace European Group Ltd - main products
        • Table Ace European Group Ltd - Main Products
      • Ace European Group Ltd - main competitors
      • Ace European Group Ltd - key employees
        • Table Ace European Group Ltd - Key Employees
    • Legal & General Group Plc - Company Overview
      • Legal & General Group Plc - key facts
        • Table Legal & General Group Plc - Key Facts
      • Legal & General Group Plc - main products
        • Table Legal & General Group Plc - Main Products
      • Legal & General Group Plc - main competitors
      • Legal & General Group Plc - key employees
        • Table Legal & General Group Plc - Key Employees
    • Ageas (UK) Ltd - Company Overview
      • Ageas (UK) Ltd - key facts
        • Table Ageas (UK) Ltd - Key Facts
      • Ageas (UK) Ltd - main products
        • Table Ageas (UK) Ltd - Main Products
      • Ageas (UK) Ltd - main competitors
      • Ageas (UK) Ltd - key employees
        • Table Ageas (UK) Ltd - Key Employees
    • National Farmers Union Mutual Insurance Society - Company Overview
      • National Farmers Union Mutual Insurance Society - key facts
        • Table National Farmers Union Mutual Insurance Society - Key Facts
      • National Farmers Union Mutual Insurance Society - main products
        • Table National Farmers Union Mutual Insurance Society - Main Products
      • National Farmers Union Mutual Insurance Society - main competitors
      • National Farmers Union Mutual Insurance Society - key employees
        • Table National Farmers Union Mutual Insurance Society - Key Employees
  • Statistics Review Period 2011-2015
    • Table Household Insurance (GBP Thousand), 2011-2015
  • Appendix
    • Methodology
    • Contact Us
    • About Timetric
    • Disclaimer

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