Cover Image
Market Research Report

SME Insurance in the UK - Key Trends and Opportunities to 2020

Published by GlobalData Product code 327909
Published Content info 83 Pages
Delivery time: 1-2 business days
Price
Back to Top
SME Insurance in the UK - Key Trends and Opportunities to 2020
Published: October 31, 2016 Content info: 83 Pages
Description

This report is the result of extensive research on the SME and commercial insurance industry in the UK, covering the market dynamics, competitive landscape and consumer perspectives through insights and forecasts. It also discusses key products and distribution channels, and gives an overview of the leading companies in the category, along with details of their performance.

Summary

  • The report provides market analysis and insights into the UK SME insurance business.
  • It also provides a snapshot of market size and market dynamics.
  • The report discusses key drivers, distribution channels and the outlook for the market.
  • Furthermore, it summarizes news and regulatory developments in the category.

Scope

  • This report provides a comprehensive analysis of the SME insurance market in the UK.
  • It provides historical values for the UK commercial insurance market for the report's 2011-2015 review period.
  • It offers analysis and outlooks of SME insurance distribution channels.
  • It provides an overview of market dynamics and market drivers.
  • It profiles top commercial insurers in the UK and outlines their performances.

Reasons To Buy

  • Gain an understanding of the UK SME insurance market.
  • Learn about the performance of market drivers, distribution channels and market dynamics.
  • Explore key competitors in the category and their performances.
  • Find out more on key regulations and recent developments in the market.
Table of Contents
Product Code: FS0146MR

Table of Contents

1. Executive Summary

2. Market Analysis

  • 2.1. Market Background and Introduction
  • 2.2. Market Size
    • 2.2.1. Commercial motor
    • 2.2.2. Commercial property
    • 2.2.3. Commercial liability
    • 2.2.4. Commercial lines - penetration and density
    • 2.2.5. SME insurance market estimates
  • 2.3. Market Drivers
  • 2.4. Distribution Channels
    • 2.4.1. Changes in regulation
    • 2.4.2. Brokers
    • 2.4.3. E-commerce
    • 2.4.4. Direct distribution channel
    • 2.4.5. Bancassurance
  • 2.5. Market Outlook

3. Competitive Landscape

  • 3.1. Market Shares and Performances at Company Level
    • 3.1.1. Commercial motor at company level
    • 3.1.2. Commercial property at company level
    • 3.1.3. Commercial liability at company level
  • 3.2. SME Insurance - SWOT Analysis

4. Product Innovation, News and Deals

  • 4.1. Zurich Insurance Plc Introduces Five New Products
  • 4.2. Arc Legal Assistance Launches Cyber Insurance Product for SMEs
  • 4.3. QBE Insurance (Europe) Ltd Introduces Three New Products
  • 4.4. Axa launches Retailers SME Product on Open GI
  • 4.5. RSA Group Launches Smart Fleet App
  • 4.6. Allianz Partners with Applied Systems to Market SME Products
  • 4.7. Axa Introduces Web-Based Claims Tracking Tool for Brokers
  • 4.8. Allianz Launches Complete PI E-Traded Product
  • 4.9. Axa Partners with Applied Systems to Market SME Products

5. Regulation and Compliance

  • 5.1. Regulatory Framework
  • 5.2. Regulatory Changes
    • 5.2.1. Implementation of Solvency II regime
    • 5.2.2. Changes to the insurance distribution regulations - Insurance Distribution Directive
    • 5.2.3. Introduction of new regulations on data protection
    • 5.2.4. Rules for Guaranteed Asset Protection (GAP) insurance
    • 5.2.5. Introduction of policyholder protection rules
    • 5.2.6. The Insurance Act 2015
  • 5.3. Upcoming Regulation

6. Economic Backdrop

  • 6.1. Real GDP Growth
  • 6.2. Demographics
  • 6.3. Labor Market and Household Spending Power
  • 6.4. Business Lending and Performance
  • 6.5. Inflation and Interest Rates
  • 6.6. Brexit

7. Company Profiles

  • 7.1. RSA Insurance Group Plc - Company Overview
    • 7.1.1. RSA Insurance Group Plc - key facts
    • 7.1.2. RSA Insurance Group Plc - main products
    • 7.1.3. RSA Insurance Group Plc - main competitors
    • 7.1.4. RSA Insurance Group Plc - key employees
  • 7.2. Aviva Plc - Company Overview
    • 7.2.1. Aviva Plc - key facts
    • 7.2.2. Aviva Plc - main products
    • 7.2.3. Aviva Plc - main competitors
    • 7.2.4. Aviva Plc - key employees
  • 7.3. Ageas (UK) Ltd - Company Overview
    • 7.3.1. Ageas (UK) Ltd - key facts
    • 7.3.2. Ageas (UK) Ltd - main products
    • 7.3.3. Ageas (UK) Ltd - main competitors
    • 7.3.4. Ageas (UK) Ltd - key employees
  • 7.4. AIG Europe Ltd - Company Overview
    • 7.4.1. AIG Europe Ltd - key facts
    • 7.4.2. AIG Europe Ltd - main products
    • 7.4.3. AIG Europe Ltd - main competitors
    • 7.4.4. AIG Europe Ltd - key employees
  • 7.5. Allianz Plc - Company Overview
    • 7.5.1. Allianz Plc - key facts
    • 7.5.2. Allianz Plc - main products
    • 7.5.3. Allianz Plc - main competitors
    • 7.5.4. Allianz Plc - key employees
  • 7.6. Axa UK Plc - Company Overview
    • 7.6.1. Axa UK Plc - key facts
    • 7.6.2. Axa UK Plc - main products
    • 7.6.3. Axa UK Plc - main competitors
    • 7.6.4. Axa UK Plc - key employees
  • 7.7. Direct Line Insurance Group Plc - Company Overview
    • 7.7.1. Direct Line Insurance Group Plc - key facts
    • 7.7.2. Direct Line Insurance Group Plc - main products
    • 7.7.3. Direct Line Insurance Group Plc - main competitors
    • 7.7.4. Direct Line Insurance Group Plc - key employees
  • 7.8. National Farmers Union Mutual Insurance Society - Company Overview
    • 7.8.1. National Farmers Union Mutual Insurance Society - key facts
    • 7.8.2. National Farmers Union Mutual Insurance Society - main products
    • 7.8.3. National Farmers Union Mutual Insurance Society - main competitors
    • 7.8.4. National Farmers Union Mutual Insurance Society - key employees
  • 7.9. QBE Insurance (Europe) Ltd - Company Overview
    • 7.9.1. QBE Insurance (Europe) Ltd - key facts
    • 7.9.2. QBE Insurance (Europe) Ltd - main products
    • 7.9.3. QBE Insurance (Europe) Ltd - main competitors
    • 7.9.4. QBE Insurance (Europe) Ltd - key employees
  • 7.1. Zurich Insurance Plc - Company Overview
    • 7.10.1. Zurich Insurance Plc - key facts
    • 7.10.2. Zurich Insurance Plc - main products
    • 7.10.3. Zurich Insurance Plc - main competitors
    • 7.10.4. Zurich Insurance Plc - key employees

8. Statistics

  • 8.1. Review Period (2011-2015)
  • 8.2. Forecast Period (2015-2020)

9. Definitions and Methodology

  • 9.1. Definitions
  • 9.2. Methodology

10. About Timetric

  • 10.1. Contact Timetric
  • 10.2. About Timetric
  • 10.3. Timetric's Services
  • 10.4. Disclaimer

List of Tables

  • Table 1: The UK - Types of SME Insurance
  • Table 2: The UK - Examples of Organizations with Professional Indemnity Requirements
  • Table 3: The UK - SME Insurance - SWOT Analysis
  • Table 4: RSA Insurance Group Plc - Key Facts
  • Table 5: RSA Insurance Group Plc - Main Products
  • Table 6: RSA Insurance Group Plc - Key Employees
  • Table 7: Aviva Plc - Key Facts
  • Table 8: Aviva Plc - Main Products
  • Table 9: Aviva Plc - Key Employees
  • Table 10: Ageas (UK) Ltd - Key Facts
  • Table 11: Ageas (UK) Ltd - Main Products
  • Table 12: Ageas (UK) Ltd - Key Employees
  • Table 13: AIG Europe Ltd - Key Facts
  • Table 14: AIG Europe Ltd - Main Products
  • Table 15: AIG Europe Ltd - Key Employees
  • Table 16: Allianz Plc - Key Facts
  • Table 17: Allianz Plc - Main Products
  • Table 18: Allianz Plc - Key Employees
  • Table 19: Axa UK Plc - Key Facts
  • Table 20: Axa UK Plc - Main Products
  • Table 21: Axa UK Plc - Key Employees
  • Table 22: Direct Line Insurance Group Plc - Key Facts
  • Table 23: Direct Line Insurance Group Plc - Main Products
  • Table 24: Direct Line Insurance Group Plc - Key Employees
  • Table 25: National Farmers Union Mutual Insurance Society - Key Facts
  • Table 26: National Farmers Union Mutual Insurance Society - Main Products
  • Table 27: National Farmers Union Mutual Insurance Society - Key Employees
  • Table 28: QBE Insurance (Europe) Ltd - Key Facts
  • Table 29: QBE Insurance (Europe) Ltd - Main Products
  • Table 30: QBE Insurance (Europe) Ltd - Key Employees
  • Table 31: Zurich Insurance Plc - Key Facts
  • Table 32: Zurich Insurance Plc - Main Products
  • Table 33: Zurich Insurance Plc - Key Employees
  • Table 34: The UK - SME Insurance (GBP Thousand), 2011-2015
  • Table 35: The UK - SME Insurance (GBP Thousand), 2015-2020
  • Table 36: Insurance Industry Definitions

List of Figures

  • Figure 1: The UK - Share of Private Sector Businesses by Legal Status, Start of 2015
  • Figure 2: The UK - Number of Private Sector Businesses, 2001-2015
  • Figure 3: The UK - Number of Private Sector Businesses by Legal Status, Start of 2015
  • Figure 4: The UK - Private Sector Key Figures by Business Size, Start of 2015
  • Figure 5: The UK - SME Key Figures by Size of Business, Start of 2015
  • Figure 6: The UK - SME Key Figures, Selected Business Lines, Start of 2015
  • Figure 7: The UK - Commercial Motor Insurance - Gross Written Premium, 2011-2015
  • Figure 8: The UK - Commercial Motor Insurance - Gross Written Premium, 2015-2020
  • Figure 9: The UK - Commercial Property Insurance - Gross Written Premium, 2011-2015
  • Figure 10: The UK - Commercial Property Insurance - Gross Written Premium, 2015-2020
  • Figure 11: The UK - Commercial Liability Insurance - Gross Written Premium, 2011-2015
  • Figure 12: The UK - Commercial Property Insurance - Gross Written Premium, 2015-2020
  • Figure 13: The UK - Commercial Insurance Penetration Rates, 2011-2015
  • Figure 14: The UK - Commercial Insurance Density (per Business), 2011-2015
  • Figure 15: The UK - SME Insurance - Gross Written Premium (Estimates), 2011-2015
  • Figure 16: The UK - SME Insurance - Gross Written Premium (Estimates), 2015-2020
  • Figure 17: The UK - SME Commercial Motor Insurance - Gross Written Premium (Estimates), 2011-2015
  • Figure 18: The UK - SME Commercial Motor Insurance - Gross Written Premium (Estimates), 2015-2020
  • Figure 19: The UK - SME Commercial Property Insurance - Gross Written Premium (Estimates), 2011-2015
  • Figure 20: The UK - SME Commercial Property Insurance - Gross Written Premium (Estimates), 2015-2020
  • Figure 21: The UK - SME Commercial Liability Insurance - Gross Written Premium (Estimates), 2011-2015
  • Figure 22: The UK - SME Commercial Liability Insurance - Gross Written Premium (Estimates), 2015-2020
  • Figure 23: The UK - Number of SMEs, 2000-2015
  • Figure 24: The UK - Change in Number of Private Sector Businesses, 2000-2015 (Thousands)
  • Figure 25: The UK - Birth and Survival of Private Sector Businesses, 2010-2014
  • Figure 26: The UK - SME Turnover Value and Market Share, Start of 2011-2015
  • Figure 27: The UK - Business Confidence Monitor, 2011-2016
  • Figure 28: The UK - Market Shares (GWP) of the 10 Largest Commercial Motor Insurers, 2015
  • Figure 29: The UK - Market Shares (GWP) of the 10 Largest Commercial Property Insurers, 2015
  • Figure 30: The UK - Market Shares (GWP) of the 10 Largest Commercial Liability Insurers, 2015
  • Figure 31: The UK - Insurance Regulatory Framework
  • Figure 32: The UK - The Three Pillars of Solvency II
  • Figure 33: The UK - Real GDP Growth, 2011-2020
  • Figure 34: The UK - Demographics, 2011-2020
  • Figure 35: The UK - Labor Market, 2011-2020
  • Figure 36: The UK - Financial Institutions' Net Lending to Non-financial Businesses, 2010-2014
  • Figure 37: The UK - Construction Output, 2011-2015
  • Figure 38: The UK - Manufacturers' Product and Retail Sales, 2011-2015
  • Figure 39: The UK - Consumer Price Index Headline, 2011-2020
  • Figure 40: The UK - Bank of England Interest Rate, 2005-2016
Back to Top