Market Research Report
UK Employers' Liability Insurance: Market Dynamics and Opportunities 2018
|Published by||GlobalData||Product code||366920|
|Published||Content info||40 Pages
Delivery time: 1-2 business days
|UK Employers' Liability Insurance: Market Dynamics and Opportunities 2018|
|Published: September 14, 2018||Content info: 40 Pages||
"UK Employers' Liability Insurance: Market Dynamics and Opportunities 2018", report tracks the health and shape of the employers' liability market - taking into account market size, profitability, performance ratios, and the claims environment. Bringing this to life, the context of the UK's economic growth and business landscape, as well as the possible impact of a post-Brexit environment, are all taken into consideration to build a full picture of this space. Key announcements, shifts in the market, and likely future changes are analyzed for impact across all relevant stakeholders.
The UK employers' liability market has faced a turbulent period. Factors such as Brexit impacting the underlying drivers of demand and the decision to set the Ogden discount rate at -0.75% have forced insurers to raise premiums in order to protect themselves from increased costs. Despite these challenging conditions the employers' liability market experienced growth in 2017, with gross written premiums (GWP) increasing by 3%. The future of the space will undoubtedly be influenced by the outcome of Brexit on the UK economy, meaning the outlook is uncertain.