|[November 04, 2013]
Research and Markets: UK Commercial Motor Insurance: Competitor Dynamics Research Report
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/njqhmz/uk_commercial)
has announced the addition of the "UK
Commercial Motor Insurance: Competitor Dynamics" report to
The commercial motor insurance market remains unprofitable and under
pressure to see through sufficient rate increases. Reported year COR for
the line presented a better picture in 2012, reflected in improving
operating ratios for eight of the top 10 insurers. However, reserve
releases played a significant role in this, with underlying market
performance found to be slightly weaker than in 2011.
Features and benefits
- Gauge the performance of the top commercial motor insurers by GP
growth and market share across fleet and non-fleet segments.
- Gain insight into which market players have achieved sustainable
growth, with analysis of combined, loss, commission, and management cost
- See which insurers were the most selected provider for commercial
motor insurance by surveyed brokers and SME businesses.
A majority of the commercial motor insurance market's top 10 competitors
by GWP were unable to achieve CORs below 100% in 2012. Only Direct Line
Group (with a COR of 61.9%) and Allianz (80.6%) succeeded in this task.
Direct Line Group continues to lag in comparison to the top 10 on
expense ratio, which in 2012 remained the highest among this group at
Allianz continued to improve COR figures with reserve releases in 2012,
but this bolstered a fundamentally profitable book, with underwriting
Your key questions answered
- Which companies were the top players in the commercial motor insurance
market in 2012?
- How profitable were the top commercial property insurers in 2012?
- In which areas of performance have the top 10 insurers improved and
where is further action needed in 2013?
For more information visit http://www.researchandmarkets.com/research/njqhmz/uk_commercial
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