Market Research Report
UK Household Insurance: Market Dynamics and Opportunities 2018
|Published by||GlobalData||Product code||373275|
|Published||Content info||54 Pages
Delivery time: 1-2 business days
|UK Household Insurance: Market Dynamics and Opportunities 2018|
|Published: September 11, 2018||Content info: 54 Pages||
"UK Household Insurance: Market Dynamics and Opportunities 2018", report provides an in-depth analysis of the UK household insurance market. It looks at market size and performance ratios as well as changes in premiums, claims, contextual and economic factors, regulations, and opportunities. It provides a thorough overview of the market along with future forecasts and analysis of emerging technologies and products.
Competition in the market remains high but conditions have hardened, with gross written premium (GWP) and average annual premiums increasing despite claims incurred declining in 2017. Benign weather conditions throughout 2017 helped insurers maintain profitability, although 2018 has already presented a very different challenge, with two major weather events occurring in the first quarter.
Home insurers continue to assess the implications of smart devices, and leading players such as AXA and Aviva remain focused on finding technology companies and start-ups to partner with to boost their propositions.