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Commercial Property Insurance in the UK - Key Trends and Opportunities to 2017

Timetric
Published Date » 2014-01-17
No. Of Pages » 66
     
  Synopsis  
     
 
 
 The report provides market analysis, information and insights into the UK commercial property insurance business 
 It provides a snapshot of market's size and segmentation 
 It offers a comprehensive analysis of claims, drivers and market outlook 
 It analyzes distribution channels 
 It details deals, news and regulatory developments 
 
 
   
  Summary  
     
 Gross written premiums in the commercial property insurance category recorded sustained growth throughout the review period (2008–2012), rising at a compound annual growth rate (CAGR) of 6.79%. Premiums increased at an annual rate of 6.8% in 2012, reaching a total of GBP6.72 billion; the highest level in five years. 
   
 Commercial property insurance claims paid declined by...
Table of Content

1 Executive Summary 

2 Introduction 
2.1 What is this Report About? 
2.2 Definitions 
2.3 Methodology 

3 Market Analysis 
3.1 Market Size 
3.1.1 Commercial property
3.1.2 Consequential loss
3.1.3 Contractors or engineering risks
3.1.4 Penetration and density
3.2 Claims
3.2.1 Claims review
3.2.2 Claims outlook
3.3 Market Drivers
3.4 Market Outlook
3.5 Distribution Channels 
3.5.1 Distribution outlook 
3.6 Reinsurance

4 Competitive Landscape 
4.1 Profitability
4.1.1 Investment returns
4.1.2 Profitability outlook
4.2 Review – The Best Performers of 2012 
4.3 Product Innovation 
4.4 Commercial Property Insurance – SWOT Analysis 

5 Porter’s Five Forces Analysis 
5.1 Bargaining Power of Suppliers: Low 
5.2 Bargaining Power of Buyers: Medium 
5.3 Barriers to Entry: Medium
5.4 Intensity of Rivalry: Medium to High
5.5 Threat of Substitution: Low 

6 Deals 
6.1 Towergate Sells Commercial Property Division
6.2 Aviva Joins the PowerPlace Panel for Commercial Property
6.3 Covéa Extends Deal with Risk Control Firm
6.4 Insurers Move Into Takaful
6.5 QBE Becomes Sole Capacity Provider for Wholesale Broker

7 News 
7.1 BIBA Flags Concerns over Flood Re 
7.2 FM Global Named Best Commercial Property Insurer
7.3 FM Global’s Risk Innovation
7.4 Increase in Commercial Property Insurance Complaints
7.5 Axa Survey Reveals Gaps in the Market 

8 Regulation and Compliance 
8.1 Upcoming Regulations 
8.1.1 Flood Re
8.1.2 Review of the Riot (Damages) Act
8.1.3 Solvency II 

9 Macroeconomic Backdrop 
9.1 Real GDP Growth 
9.2 Commercial Property Market Dynamics 
9.3 Private Sector Lending 
9.4 Interest Rates
9.5 Business Demographics

10 Company Profiles 
10.1 ACE European Group Ltd – Company Overview 
10.1.1 ACE European Group Ltd – key facts 
10.1.2 ACE European Group Ltd – main products 
10.1.3 ACE European Group Ltd – main competitors 
10.1.4 ACE European Group Ltd – key employees 
10.2 Allianz Insurance Plc – Company Overview 
10.2.1 Allianz Insurance Plc – key facts
10.2.2 Allianz Insurance Plc – main products 
10.2.3 Allianz Insurance Plc – main competitors 
10.2.4 Allianz Insurance Plc – key employees 
10.3 Aviva Plc – Company Overview 
10.3.1 Aviva Plc – key facts
10.3.2 Aviva Plc – main products 
10.3.3 Aviva Plc – main competitors 
10.3.4 Aviva Plc – key employees 
10.4 Axa UK Plc – Company Overview 
10.4.1 Axa UK Plc – key facts 
10.4.2 Axa UK Plc – main products 
10.4.3 Axa UK Plc – main competitors 
10.4.4 Axa UK Plc – key employees 
10.5 FM Insurance Company Ltd – Company Overview 
10.5.1 FM Insurance Company Ltd – key facts 
10.5.2 FM Insurance Company Ltd – main products 
10.5.3 FM Insurance Company Ltd – main competitors 
10.5.4 FM Insurance Company Ltd – key employees 
10.6 Great Lakes Reinsurance (UK) Plc – Company Overview 
10.6.1 Great Lakes Reinsurance (UK) Plc – key facts 
10.6.2 Great Lakes Reinsurance (UK) Plc – main products 
10.6.3 Great Lakes Reinsurance (UK) Plc – main competitors 
10.6.4 Great Lakes Reinsurance (UK) Plc – key employees 
10.7 QBE Insurance (Europe) Ltd – Company Overview 
10.7.1 QBE Insurance (Europe) Ltd – key facts 
10.7.2 QBE Insurance (Europe) Ltd – main products 
10.7.3 QBE Insurance (Europe) Ltd – main competitors 
10.7.4 QBE Insurance (Europe) Ltd – key employees 
10.8 Royal & Sun Alliance Insurance Plc – Company Overview 
10.8.1 Royal & Sun Alliance Insurance Plc – key facts 
10.8.2 Royal & Sun Alliance Insurance Plc – main products 
10.8.3 Royal & Sun Alliance Insurance Plc – main competitors 
10.8.4 Royal & Sun Alliance Insurance Plc – key employees 
10.9 XL Group Plc – Company Overview 
10.9.1 XL Group Plc – key facts 
10.9.2 XL Group Plc – main products 
10.9.3 XL Group Plc – main competitors 
10.9.4 XL Group Plc – key employees 
10.10 Zurich Insurance Plc – Company Overview 
10.10.1 Zurich Insurance Plc – key facts 
10.10.2 Zurich Insurance Plc – main products 
10.10.3 Zurich Insurance Plc – main competitors 
10.10.4 Zurich Insurance Plc – key employees 

11 Statistics 
11.1 Review Period: 2008–2012 
11.2 Forecast Period: 2013–2017

12 Appendix 
12.1 Methodology 
12.2 Contact Timetric 
12.3 About Timetric 
12.4 Timetric’s Services 
12.5 Disclaimer 

List of Tables


Table 1: Insurance Industry Definitions 
Table 2: UK Commercial Property Insurance – Market Summary (GBP Thousand), 2008–2012
Table 3: UK Commercial Property Insurance – Market SWOT Analysis 
Table 4: Recent and Upcoming Regulatory Changes 
Table 5: ACE European Group Ltd, Key Facts
Table 6: ACE European Group Ltd, Main Products 
Table 7: ACE European Group Ltd, Key Employees 
Table 8: Allianz Insurance Plc, Key Facts 
Table 9: Allianz Insurance Plc, Main Products 
Table 10: Allianz Insurance Plc, Key Employees 
Table 11: Aviva Plc, Key Facts
Table 12: Aviva Plc, Main Products
Table 13: Aviva Plc, Key Employees
Table 14: Axa UK Plc, Key Facts 
Table 15: Axa UK Plc, Main Products 
Table 16: Axa UK Plc, Key Employees 
Table 17: FM Insurance Company Ltd, Key Facts 
Table 18: FM Insurance Company Ltd, Main Products 
Table 19: FM Insurance Company Ltd, Key Employees 
Table 20: Great Lakes Reinsurance (UK) Plc, Key Facts
Table 21: Great Lakes Reinsurance (UK) Plc, Main Products
Table 22: Great Lakes Reinsurance (UK) Plc, Key Employees
Table 23: QBE Insurance (Europe) Ltd, Key Facts
Table 24: QBE Insurance (Europe) Ltd, Main Products
Table 25: QBE Insurance (Europe) Ltd, Key Employees
Table 26: Royal & Sun Alliance Insurance Plc, Key Facts
Table 27: Royal & Sun Alliance Insurance Plc, Main Products
Table 28: Royal & Sun Alliance Insurance Plc, Key Employees
Table 29: XL Group Plc, Key Facts
Table 30: XL Group Plc, Main Products
Table 31: XL Group Plc, Key Employees
Table 32: Zurich Insurance Plc, Key Facts
Table 33: Zurich Insurance Plc, Main Products
Table 34: Zurich Insurance Plc, Key Employees
Table 35: Commercial Property Insurance (GBP Thousand), 2008–2012
Table 36: Commercial Property Insurance (GBP Thousand), 2013–2017 

List of Figures


Figure 1: UK Commercial Property Insurance – Gross Written Premiums (GBP), 2008–2012
Figure 2: Commercial Property Gross Written Premiums (GBP), 2008–2012 
Figure 3: Consequential Loss Gross Written Premiums (GBP), 2008–2012 
Figure 4: Contractors or Engineering Risks Gross Written Premiums (GBP), 2008–2012
Figure 5: UK Commercial Property Insurance – Penetration Rate (%) and Density (GBP), 2008–2012 
Figure 6: UK Commercial Property Insurance – Net Claims Paid and Incurred (GBP), 2008–2012 
Figure 7: Crime Against Business, 2002 and 2012
Figure 8: UK Business Investment Growth, 2004–2012 
Figure 9: UK Commercial Property Insurance – Gross Written Premiums Forecast (GBP) 2013–2017
Figure 10: Commissions Paid by UK Commercial Property Insurers (GBP), 2008–2012 
Figure 11: UK Commercial Property Insurance – Reinsurance Ceded (GBP Million), 2008–2012 
Figure 12: Combined Operating Ratio for Total UK Commercial Property Insurance (%) 
Figure 13: Loss and Expenses Ratios for UK Commercial Property Insurance Business (%), 2008–2012
Figure 14: UK Inflation – Construction and Repair Costs (%), 2004–2012
Figure 15: Market Shares of the 10-Leading UK Commercial Property Insurers (%) in 2012
Figure 16: UK Commercial Property Insurance – Five Forces Analysis
Figure 17: The UK’s Insurance Regulatory Framework 
Figure 18: Real GDP Growth (%), 2008–2017
Figure 19: Growth in Commercial Construction, 2004–2012
Figure 20: UK – Commercial Floor Space, 2004–2012
Figure 21: UK – Growth in Net Lending, 2005–2012
Figure 22: UK – Number of Private Sector Businesses, 2004–2013 

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