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Personal Accident and Health Insurance in the UK, Key Trends and Opportunities to 2020

Personal Accident and Health Insurance in the UK, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Personal Accident and Health Insurance in the UK, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the UK personal accident and health insurance segment, and a comparison of the UK insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

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

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.

Summary

Timetric’s 'Personal Accident and Health Insurance in the UK, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the UK personal accident and health insurance segment, including:

  • An overview of the UK personal accident and health insurance segment
  • The UK personal accident and health insurance segment’s growth prospects by category
  • A comprehensive overview of the UK economy and demographics
  • A comparison of the UK personal accident and health insurance segment with its regional counterparts
  • The various distribution channels in the UK personal accident and health insurance segment
  • Details of the competitive landscape in the personal accident and health insurance segment in the UK
  • Details of regulatory policy applicable to the UK insurance industry
Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in the UK:
  • It provides historical values for the UK personal accident and health insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the UK personal accident and health insurance segment, and market forecasts to 2020.
  • It provides a comparison of the UK personal accident and health insurance segment with its regional counterparts
  • It provides an overview of the various distribution channels for personal accident and health insurance products in the UK.
  • It profiles the top personal accident and health insurance companies in the UK, and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the UK personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the UK personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the UK insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • The UK personal accident and health segment is highly concentrated, with the presence of both domestic and foreign insurers.
  • In 2015, the top 10 ABI members accounted for 92.3% of the gross written premium – up from 63.2% in 2014.
  • The penetration of the segment marginally increased from 0.34% in 2011 to 0.38% in 2015.
  • On June 1, 2017, the insurance premium tax (IPT) was raised from 10% to 12%, with effect from October 2016.


  • Key Facts and Highlights
    • Table UK Personal Accident and Health Insurance – Key Facts, 2015
    • Table UK Personal Accident and Health Insurance – Top Five Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table UK Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Direct written premium and penetration
        • Table UK Personal Accident and Health Insurance – Direct Written Premium (GBP Billion and US$ Billion), 2011–2015
        • Table UK Personal Accident and Health Insurance – Penetration (%), 2011–2015
        • Table UK Personal Accident and Health Insurance – Direct Written Premium (GBP Billion and US$ Billion), 2015–2020
        • Table UK Personal Accident and Health Insurance – Penetration (%), 2015–2020
        • Table UK Personal Accident and Health Insurance – Premium per Capita (GBP and US$), 2011–2015
        • Table UK Personal Accident and Health Insurance – Premium per Capita (GBP and US$), 2015–2020
      • Claims
        • Table UK Personal Accident and Health Insurance – Paid Claims (GBP Billion and US$ Billion), 2011–2015
        • Table UK Personal Accident and Health Insurance – Paid Claims (GBP Billion and US$ Billion), 2015–2020
      • Profitability
        • Table UK Personal Accident and Health Insurance – Profitability Ratio (%), 2011–2015
        • Table UK Personal Accident and Health Insurance – Profitability Ratio (%), 2015–2020
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Table UK Personal Accident and Health Insurance – Direct Written Premium by Distribution Channel (GBP Billion), 2011–2015
      • Table UK Personal Accident and Health Insurance – Direct Written Premium by Distribution Channel (GBP Billion), 2015–2020
      • Table UK Personal Accident and Health Insurance – Percentage of Direct Written Premium, by Distribution Channel, 2011–2020
  • Competitive Landscape
    • Table UK Personal Accident and Health Insurance – Top Insurers, 2015
    • Company Profiles
      • Axa UK Plc – company overview
        • Table Axa UK Plc – Key Facts
      • Aviva Plc – company overview
        • Table Aviva Plc – Key Facts
      • Discovery Holdings Ltd – company overview
        • Table Discovery Holdings Limited – Key Facts
      • SimplyHealth – company overview
        • Table Simply Health – Key Facts
      • Cigna Life Insurance – company overview
        • Table Cigna Life Insurance – Key Facts
  • Governance, Risk and Compliance
    • Table UK – Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table UK – Life Insurance Regulatory Framework
      • Property insurance
        • Table UK – Property Insurance Regulatory Framework
      • Motor insurance
        • Table UK– Motor Insurance Regulatory Framework
      • Liability insurance
        • Table UK – Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Employer's liability insurance
      • Motor third-party liability insurance
      • Merchant shipping compulsory insurance
      • National Insurance Scheme
        • Table UK – Benefits Under National Insurance Scheme
      • Professional indemnity insurance
      • Air carriers and aircraft operators insurance
        • Table UK – Minimum Cover for Aircraft Third-Party Liability per Accident per Aircraft
      • Clinical trials liability insurance
      • Liability for ships with respect to oil pollution
    • Supervision and Control
      • International Association of Insurance Supervisors
      • European Insurance and Occupational Pensions Authority
      • Prudential Regulation Authority
      • Financial Conduct Authority
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table UK – Corporate Tax Rates for the Financial Year 2017
      • VAT
        • Table UK– VAT Rates in UK for Insurance Products
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table UK Personal Accident and Health Insurance Industry – Policies and Premium, 2011– 2015
      • Table UK Personal Accident and Health Insurance Industry – Policies and Premium, 2015–2020
    • Claims and Expenses
      • Table UK Personal Accident and Health Insurance – Claims and Expenses, 2011–2015
      • Table UK Personal Accident and Health Insurance – Claims and Expenses, 2015–2020
    • Direct Marketing and E-Commerce
      • Table UK Personal Accident and Health Insurance – Direct Marketing, 2011–2015
      • Table UK Personal Accident and Health Insurance – Direct Marketing, 2015–2020
    • Insurance Brokers and Agencies
      • Table UK Personal Accident and Health Insurance – Insurance Brokers and Agencies, 2011–2015
      • Table UK Personal Accident and Health Insurance – Insurance Brokers and Agencies, 2015–2020
    • Bancassurance and Other Distribution Channels
      • Table UK Personal Accident and Health Insurance – Insurance Brokers and Agencies, 2011–2015
      • Table UK Personal Accident and Health Insurance – Insurance Brokers and Agencies, 2015–2020
    • Personal Accident Insurance
      • Table UK Personal Accident and Health Insurance – Personal Accident Insurance, 2011–2013
    • Health Insurance
      • Table UK Personal Accident and Health Insurance – Health Insurance, 2011–2013
    • Travel Insurance
      • Table UK Personal Accident and Health Insurance – Travel Insurance, 2011–2013
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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