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Professional Indemnity and D&O Insurance in the UK – Key Trends and Opportunities to 2020

Professional Indemnity and D&O Insurance in the UK – Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Professional Indemnity and D&O Insurance in the UK – Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into UK professional indemnity and D&O insurance, including:

  • The UK's professional indemnity and D&O insurance business growth prospects by segment and category
  • A comprehensive overview of the growth drivers
  • The detailed competitive landscape of the UK professional indemnity and D&O insurance market
  • The various distribution channels in the UK professional indemnity and D&O insurance market
  • Details of regulatory policy applicable to the UK professional indemnity and D&O insurance market
Summary

Timetric’s 'Professional Indemnity and D&O Insurance in the UK – Key Trends and Opportunities to 2020' report provides detailed analysis of the market trends, drivers and challenges in the UK professional indemnity and D&O 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 market, gives a comprehensive overview of market drivers, 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 professional indemnity and D&O insurance business in the UK:
  • It provides historical values for the UK's professional indemnity and D&O insurance for the report’s 2011–2015 (review period).
  • It offers a detailed analysis of the key segments in the UK's professional indemnity and D&O 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's professional indemnity and D&O insurance business.
  • It profiles the top insurance companies in UK professional indemnity and D&O 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 professional indemnity and D&O insurance business.
  • Gain an understanding of UK professional indemnity 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 professional indemnity and D&O insurance business.
  • Assess the competitive dynamics of the UK professional indemnity and D&O insurance business.
  • Gain insights into key regulations governing the UK professional indemnity and D&O insurance business.
Key Highlights
  • The professional indemnity insurance gross written premium grew at a review-period CAGR of 4.5%.
  • A large number of compulsory classes of professional indemnity insurance offer insurers a potential growth market, and are expected to drive growth over the forecast period.
  • The UK professional indemnity insurance category is consolidated, with the five leading insurers accounting for 54.4% of the gross written premium in 2015.
  • The increase in the number of registered companies offers a large potential client base.
  • Uncertainty surrounding Brexit will encourage professionals to take out indemnity insurance against legal and business risk arising during the transition process.


  • Executive Summary
  • Introduction
    • What is this Report About?
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • Market Analysis
    • Market Size
      • Penetration and density
    • Market Drivers
      • Large number of compulsory insurance classes
        • Table The UK - Organizations with Compulsory Prof. Indemnity Insurance Requirements
      • Growth in number of registered companies, particularly service provider companies
      • Increasing number of individual service professionals
      • Increase in the number of higher/additional taxpayers
      • Uncertainty related to Brexit is encouraging professionals to take out indemnity cover
    • Market Outlook
      • Claims
      • Distribution
  • Competitive Landscape
    • Market Participants
      • Table The UK - Professional Indemnity Insurance Companies, 2011-2015
    • Market Shares and Performance at a Company Level
    • Professional Indemnity Insurance - SWOT Analysis
      • Table The UK - Professional Indemnity Insurance -SWOT Analysis
    • Investment Returns
  • News and Deals
    • AIG introduces indemnity policy to cover Brexit risks
    • Tokio Marine HCC commences its operations in Manchester
    • Hiscox introduces new e-trading solution for commercial brokers
    • Axa allies with Mapledown on Construction Professional Indemnity Risks
    • PI Protect Launches Insurance Products for Workplace Environments
    • Allianz Launches E-Traded Professional Indemnity Product
  • Regulation and Compliance
    • Regulatory Framework
    • Recent 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 Insurance (Disclosure and Representations) Act
      • Health Care and Associated Professions (Indemnity Arrangements) Order 2013
      • The Legal Aid, Sentencing and Punishment of Offenders Act (LASPO)
      • The Ministry of Justice (MoJ) online portal extension
  • Economic Backdrop
    • Real GDP growth
    • Demographics
    • Labor Market and Household Spending Power
    • Lending to Business
    • Inflation and Interest Rates
  • Company Profiles
    • AIG Europe Ltd - Company Overview
      • AIG Europe Ltd - key facts
        • Table AIG Europe Ltd - Key Facts
      • AIG Europe Ltd - main products
        • Table AIG Europe Ltd - Main Products
      • AIG Europe Ltd - main competitors
      • AIG Europe Ltd - key employees
        • Table AIG Europe Ltd - Key Employees
    • Hiscox Ltd - Company Overview
      • Hiscox Ltd - key facts
        • Table Hiscox Ltd - Key Facts
      • Hiscox Ltd - main products
        • Table Hiscox Ltd - Main Products
      • Hiscox Ltd - main competitors
      • Hiscox Ltd - key employees
        • Table Hiscox Ltd - Key Employees
    • QBE Insurance (Europe) Ltd - Company Overview
      • QBE Insurance (Europe) Ltd - key facts
        • Table QBE Insurance (Europe) Ltd - Key Facts
      • QBE Insurance (Europe) Ltd - main products
        • Table QBE Insurance (Europe) Ltd - Main Products
      • QBE Insurance (Europe) Ltd - main competitors
      • QBE Insurance (Europe) Ltd - key employees
        • Table QBE Insurance (Europe) Ltd - 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
    • HCC International Insurance Company Plc - Company Overview
      • HCC International Insurance Company Plc - key facts
        • Table HCC International Insurance Company Plc - Key Facts
      • HCC International Insurance Company Plc - main products
        • Table HCC International Insurance Company Plc - Main Products
      • HCC International Insurance Company Plc - main competitors
      • HCC International Insurance Company Plc - key employees
        • Table HCC International Insurance Company Plc - Key Employees
    • CNA Insurance Company Ltd - Company Overview
      • CNA Insurance Company Ltd - key facts
        • Table CNA Insurance Company Ltd - Key Facts
      • CNA Insurance Company Ltd - main products
        • Table CNA Insurance Company Ltd - Main Products
      • CNA Insurance Company Ltd - main competitors
      • CNA Insurance Company Ltd - key employees
        • Table CNA Insurance Company Ltd - 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
    • Travelers Insurance Company Ltd - Company Overview
      • Travelers Insurance Company Ltd - key facts
        • Table Travelers Insurance Company Ltd - Key Facts
      • Travelers Insurance Company Ltd - main products
        • Table Travelers Insurance Company Ltd - Main Products
      • Travelers Insurance Company Ltd - main competitors
      • Travelers Insurance Company Ltd - key employees
        • Table Travelers Insurance Company Ltd - Key Employees
    • Markel International - Company Overview
      • Markel International Limited - key facts
        • Table Markel International Limited - Key Facts
      • Markel International Limited - main products
        • Table Markel International Limited - Main Products
      • Markel International Limited - main competitors
      • Markel International Limited - key employees
        • Table Ace European Group Ltd - Key Employees
    • XL Insurance Company SE - Company Overview
      • XL Insurance Company SE - key facts
        • Table XL Insurance Company SE - Key Facts
      • XL Insurance Company SE - main products
        • Table XL Insurance Company SE - Main Products
      • XL Insurance Company SE - main competitors
      • XL Insurance Company SE - key employees
        • Table XL Insurance Company SE - Key Employees
  • Statistics
    • Review Period 2011-2015
      • Table The UK - Professional Indemnity Insurance, 2011-2015
    • Forecast Period 2016-2020
      • Table The UK - Professional Indemnity Insurance, 2016-2020
  • Appendix
    • Methodology
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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