SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  Research and Markets: Personal Accident and Health Insurance in the UK 2014-2018

[July 23, 2014]

Research and Markets: Personal Accident and Health Insurance in the UK 2014-2018

DUBLIN --(Business Wire)--

Research and Markets (http://www.researchandmarkets.com/research/6h3s7d/personal_accident) has announced the addition of the "Personal Accident and Health Insurance in the UK, Key Trends and Opportunities to 2018" report to their offering.

The UK personal accident and health insurance segment registered as the fastest growing in the industry, with a review-period (2009-2013) compound annual growth rate (CAGR) of 3.8%, despite low individual investments and consumer confidence levels as a result of the financial and debt crisis. The segment accounted for 3.4% of the total gross written premiums in 2013.

Growth was partly attributed to an increase in outbound travel, rising healthcare expenditure, economic improvements and perceived inadequacies in the government-funded universal healthcare scheme, and growing awareness of the benefits of personal accident and health insurance. These factors, coupled with the rise in per capita annual disposable income and the aging population, are expected to support the segment over the forecast eriod (2013-2018). As such, the segment's gross written premium is projected to increase at a forecast-period CAGR of 2.3%.


Key Highlights

  • The UK's personal accident and health insurance segment registered as the fastest growing in the industry, with a review-period (2009-2013) compound annual growth rate (CAGR) of 3.8%.
  • The country has both a public health service - the NHS - as well as private health system.
  • As of 2012, the NHS provided services to 85% of the population, while private health providers accounted for the remaining 15%.
  • The increasing trend towards private health insurance was due to long waiting times and limited availability of specialists who accept NHS patients.
  • In terms of gross written premium, the personal accident category accounted for the second-largest share of the personal accident and health segment in 2013, with 24.7%.
  • The UK travel insurance category is slowly recovering after a bad phase during the global economic slowdown.

Key Topics Covered:

1 Executive Summary

2 Introduction

3 Regional Market Dynamics

4 Personal Accident and Health Insurance Segment - Regional Benchmarking

5 UK Insurance Industry Attractiveness

6 Personal Accident and Health Insurance Outlook

7 Analysis by Distribution Channels

8 Porter's Five Forces Analysis - UK Personal Accident and Health Insurance

9 Reinsurance Growth Dynamics and Challenges

10 Governance, Risk and Compliance

11 Competitive Landscape and Strategic Insights

12 Business Environment and Country Risk

13 Appendix

Companies Mentioned

  • AIG Europe Ltd
  • Aviva Plc
  • Axa UK Plc
  • Bupa (British United Provident Association) Ltd
  • Cigna Life Insurance Company of Europe
  • Direct Line Insurance Group Plc
  • Great Lakes Reinsurance (UK) Plc
  • Prudential Health
  • Simplyhealth Group Ltd
  • Western Provident Association Ltd

For more information visit http://www.researchandmarkets.com/research/6h3s7d/personal_accident


[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved.