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Personal Accident and Health Insurance in the UK, Key Trends and Opportunities to 2019

Personal Accident and Health Insurance in the UK, Key Trends and Opportunities to 2019

Synopsis

Timetric’s 'Personal Accident and Health Insurance in the UK, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the UK personal accident and health insurance segment.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 (2010–2014) and forecast period (2014–2019).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 2019' report provides in-depth market analysis, information and insights into the UK personal accident and health insurance segment, including:

  • The UK personal accident and health insurance segment’s growth prospects by insurance category
  • Key trends, drivers and challenges for the personal accident and health insurance segment
  • A comprehensive overview of the UK economy and demographics
  • Analysis of distribution channels in the UK personal accident and health insurance segment
  • The competitive landscape in the UK personal accident and health insurance segment
  • 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 2010–2014 review period, and projected figures for the 2014–2019 forecast period.
  • It offers a detailed analysis of the key categories in the UK personal accident and health insurance segment, and market forecasts to 2019.
  • Analysis of 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 insurance segment accounted for 4.2% of the industry’s gross written premium in 2014.
  • The demand for cancer care is expected to increase by 40% during 2015–2035.
  • With the new pension law giving pensioners flexibility to withdraw 25% of their pension pot in a lump sum amount, opportunities are likely to be generated for private health insurance providers.
  • Although private health insurance accounts for a low share of overall healthcare expenditure, it was the largest category in the personal accident and health segment.
  • Travel insurance was the second-largest category, and accounted for 29.7% of the segment’s gross written premium in 2014.


  • Key Facts and Highlights
    • Table UK Personal Accident and Health Insurance - Key Facts, 2014
  • Executive Summary
  • Introduction
    • What is this Report About?
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • Economy and Demographics
    • Table UK Government Credit Ratings
  • Personal Accident and Health Insurance Segment Outlook
    • Key Drivers
    • Key Trends
    • Challenges
    • Personal Accident and Health Insurance Growth Prospects by Category
      • Table UK Personal Accident and Health Insurance - Gross Written Premium by Category (GBP Billion), 2010-2014
      • Table UK Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Billion), 2010-2014
      • Table UK Personal Accident and Health Insurance - Gross Written Premium by Category (GBP Billion), 2014-2019
      • Table UK Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Billion), 2014-2019
      • Table UK Personal Accident and Health Insurance - Direct Written Premium by Category (GBP Billion), 2010-2014
      • Table UK Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Billion), 2010-2014
      • Table UK Personal Accident and Health Insurance - Direct Written Premium by Category (GBP Billion), 2014-2019
      • Table UK Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Billion), 2014-2019
      • Table UK Personal Accident and Health Insurance - Net Earned Premium (GBP Billion), 2010-2014
      • Table UK Personal Accident and Health Insurance - Net Earned Premium (GBP Billion), 2014-2019
      • Table UK Personal Accident and Health Insurance - Paid Claims by Category (GBP Billion), 2010-2014
      • Table UK Personal Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2010-2014
      • Table UK Personal Accident and Health Insurance - Paid Claims by Category (GBP Billion), 2014-2019
      • Table UK Personal Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2014-2019
      • Table UK Personal Accident and Health Insurance - Incurred Loss by Category (GBP Billion), 2010-2014
      • Table UK Personal Accident and Health Insurance - Incurred Loss by Category (US$ Billion), 2010-2014
      • Table UK Personal Accident and Health Insurance - Incurred Loss by Category (GBP Billion), 2014-2019
      • Table UK Personal Accident and Health Insurance - Incurred Loss by Category (US$ Billion), 2014-2019
      • Table UK Personal Accident and Health Insurance - Loss Ratio (%), 2010-2014
      • Table UK Personal Accident and Health Insurance - Loss Ratio (%), 2014-2019
      • Table UK Personal Accident and Health Insurance - Commission and Expenses (GBP Billion), 2010-2014
      • Table UK Personal Accident and Health Insurance - Commission and Expenses (GBP Billion), 2014-2019
      • Table UK Personal Accident and Health Insurance - Combined Ratio (%), 2010-2014
      • Table UK Personal Accident and Health Insurance - Combined Ratio (%), 2014-2019
      • Table UK Personal Accident and Health Insurance - Total Assets (GBP Billion), 2010-2014
      • Table UK Personal Accident and Health Insurance - Total Assets (GBP Billion), 2014-2019
      • Table UK Personal Accident and Health Insurance - Total Investment Income (GBP Million), 2010-2014
      • Table UK Personal Accident and Health Insurance - Total Investment Income (GBP Million), 2014-2019
      • Table UK Personal Accident and Health Insurance - Net Written Premium (% of GWP), 2010-2014
      • Table UK Personal Accident and Health Insurance - Net Written Premium (% of GWP), 2014-2019
      • Personal accident insurance
        • Table UK Personal Accident Insurance - Direct Written Premium (GBP Billion), 2010-2014
        • Table UK Personal Accident Insurance - Direct Written Premium (GBP Billion), 2014-2019
        • Table UK Personal Accident Insurance - Loss Ratio (%), 2010-2014
        • Table UK Personal Accident Insurance - Loss Ratio (%), 2014-2019
      • Travel insurance
        • Table UK Travel Insurance - Direct Written Premium (GBP Billion), 2010-2014
        • Table UK Travel Insurance - Direct Written Premium (GBP Billion), 2014-2019
        • Table UK Travel Insurance - Loss Ratio (%), 2010-2014
        • Table UK Travel Insurance - Loss Ratio (%), 2014-2019
      • Health insurance
        • Table UK Health Insurance - Direct Written Premium (GBP Billion), 2010-2014
        • Table UK Health Insurance - Direct Written Premium (GBP Billion), 2014-2019
        • Table UK Health Insurance - Paid Claims (GBP Billion), 2010-2014
        • Table UK Health Insurance - Paid Claims (GBP Billion), 2014-2019
        • Table UK Health Insurance - Loss Ratio (%), 2010-2014
        • Table UK Health Insurance - Loss Ratio (%), 2014-2019
  • Analysis by Distribution Channel
  • Competitive Landscape and Strategic Insights
    • Overview
    • Leading Companies in the UK Personal Accident and Health Insurance Segment
      • Table UK Personal Accident and Health Insurance Segment - Leading Insurers, 2014
    • Bupa Ltd - company overview
      • Table Bupa Ltd - Key Facts
    • Axa UK Plc - company overview
      • Table Axa UK Plc - Key Facts
    • Aviva Plc - company overview
      • Table Aviva Plc - Key Facts
    • SimplyHealth Group Ltd - company overview
      • Table SimplyHealth Group Ltd - Key Facts
    • Cigna Life Insurance Company of Europe - company overview
      • Table Cigna Life Insurance Company of Europe - Key Facts
    • Discovery Holdings Ltd - company overview
      • Table Vitality Health Ltd - Key Facts
    • AIG Europe Ltd - company overview
      • Table AIG Europe Ltd - Key Facts
    • Direct Line Insurance Group plc - company overview
      • Table Direct Line Insurance Group Plc - Key Facts
    • Ageas Insurance Ltd - company overview
      • Table Ageas Insurance Ltd - Key Facts
    • National Farmers Union Mutual Insurance Society Ltd - company overview
      • Table National Farmers Union Mutual Insurance Society Ltd - Key Facts
  • Governance, Risk and Compliance
    • Table The UK - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Regulatory Changes
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table The UK - Life Insurance Regulatory Framework
      • Property insurance
        • Table The UK - Property Insurance Regulatory Framework
      • Motor insurance
        • Table The UK - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table The 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 The UK - Benefits Under National Insurance Scheme
      • Professional indemnity insurance
    • 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
      • Types of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
        • Table The UK - Capital Requirements for Long-term Insurers
        • Table The UK - Capital Requirements for General Insurers
      • Solvency margins
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table The UK - Corporate Tax Rates for the Financial Year 2015
      • VAT
        • Table The UK - VAT Rates in UK for Insurance Products
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Appendix
    • Methodology
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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