UK Commercial Property Insurance 2006 is a marketing resource from Datamonitor, a leading provider of online data, analytic and forecasting platforms for key vertical sectors. It helps 5,000 of the world's largest companies profit from better, more timely decisions.
UK Commercial Property Insurance 2006 provides an in-depth analysis of the commercial property market in the UK, analyzing the key trends in premium income, claims and profitability, giving the reader insight into this market.
Scope
The latest data and market research, including information on GEP, claims costs and climate change
An understanding of developments in the SME sector, using Datamonitor's unique findings on purchasing motivation, distribution and rate movements
Insight into the competitive performance of the market and an in depth look at changes in the market share and ratios of its top ten insurers
Two scenarios forecasting the market's GWP growth until 2010, based on primary research and in-house expertise
Highlights
The commercial property insurance market's gross written premiums (GWP) declined in 2005, following a slowdown in premium growth rates in 2004. Growth rates have fallen dramatically in the last two years, from 24.3 per cent in 2003, to only 2.8 per cent in 2004. Most recently, in 2005, it is estimated that GWP declined by 7.4 percentage points.
Commercial property claims costs increased significantly in 2005, following a benign year in 2004. Overall, claims costs rose by 69.1 per cent in 2005, driven by a rise in all perils except theft. Claims costs resulting from fire and weather damage soared, and as a result, business interruption costs also increased.
In 2004, seven of the top ten commercial property insurers increased their market share. Norwich Union, already the largest player in the market, recorded the greatest rise, increasing its market share by 1.9 percentage points in 2004. This placed it 4.7 percentage points ahead of its nearest competitor, Royal & SunAlliance.
Reasons to Purchase
Benchmark your performance against other players in this increasingly competitive market
Understand the changing attitudes and expectations of SME commercial property insurance consumers
Develop your future commercial property strategy using Datamonitor's unique forecasts
UK Commercial Property Insurance 2006 is a marketing resource from Datamonitor, a leading provider of online data, analytic and forecasting platforms for key vertical sectors. It helps 5,000 of the world's largest companies profit from better, more timely decisions. 