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市場調查報告書
英國商用汽車保險市場趨勢：2010年
UK Commercial Motor Insurance 2011
| 出版商 |
Datamonitor |
| 出版日期 |
2011年07月 |
商品編碼 |
143984 |
| 內容資訊 |
英文 Pages: 65 |
| 價格 |
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本報告已在2011年08月17日停止出版。
更改為出版
UK Commercial Motor Insurance 2011
出版日期 : 2011年07月
商品編碼: 208569
本報告為，調查分析英國商用汽車保險市場，並探討匯整各競合企業策略、收益性、業績以及整體市場成長情形、趨勢、影響請款增加之驅力及阻力、2014年止展望等，以下列摘要形式闡述。
第1章 概要
第2章 實施概要
第3章 市場情形
- 簡介
- 商用汽車於2009年也持續大額虧損
- 商用汽車註冊減少
- 請款費用持續增加，預計商用汽車保險公司負擔之請款費用於2009年將增加1.2％
第4章 通路動態
- 簡介
- 商用汽車保險市場2009年國內經理人市場佔有率將持平
- 中小企業主要透過可信保險經紀公司建立雙向契約
- 中小企業對個人銷售以外之方式持以開放態度，但大多數仍為保留態度。小型企業對電話銷售則最為開放
第5章 競合情形
- 簡介
- Fortis之商用汽車保險為第一排名，其保費收益成長70％
第6章 未來展望
- 簡介
- 預計保險費率上揚帶動市場成長
- 若可修正保險費率預計COR將可獲改善
附錄
Abstract
Introduction
The report is an invaluable guide to the UK commercial motor insurance market,
providing insight into competitor strategies, profitability and performance as
well as overall market growth and trends. It examines trends in distribution
and identifies the key drivers behind claims inflation. The report also
provides forecasts for the size and profitability of the market up to 2014.
Features and benefits
- Information on the market size and structure.
- Insight into the effects of the recession on the market, including the
major changes to the competitor rankings.
- Detailed market growth and profitability forecasts based on Datamonitor' s
in-house model and expertise
Highlights
Conditions remained tough in the commercial motor insurance market from a
margin perspective in 2009 with insurers recording an aggregate accident year
COR of 113.6%.
NFU Mutual and LV both grew premiums by approximately a fifth whilst motor
trade specialist Tradex grew by over a third.
Your key questions answered
- What was the market level combined ratio in 2009?
- Which of your competitors increased premiums?
- How will premiums and the combined ratio develop over the next five years?
Table of Contents
- Overview
- Catalyst
- Summary
- Executive Summary
- Conditions have been challenging in commercial motor insurance but things
are looking up
- Market Context
- Introduction
- Commercial motor continued to make heavy losses in 2009, net of reserve
releases
- The commercial motor parc contracted
- Claims costs are continuing to escalate
- Distribution Dynamics
- Introduction
- National brokers' share of the commercial insurance market is expected to
have plateaued in 2009
- Face-to-face arrangement through established brokers is the main channel
through which SMEs arrange their cover
- SMEs are open to alternatives to face-to-face distribution, although the
majority still require convincing
- Competitor Focus
- Introduction
- Fortis is making headway in commercial motor
- Future Decoded
- Introduction
- The market will grow considerably as premium rates increase
- The COR will see some improvements as rate corrections feed into results
- Appendix
- Ask the analyst
- Datamonitor consulting
- Disclaimer
TABLE OF FIGURES
- Figure 1: Margins improved slightly in 2009 in commercial motor, yet the
market still saw heavy losses
- Figure 2: The gap between the accident and reported year COR narrowed in
2009 as reserve releases started to dwindle
- Figure 3: Fleet is the largest segment of commercial motor insurance
- Figure 4: Commercial motor vehicles decreased in 2009
- Figure 5: The company car parc declined by 4.4%, while the total number of
cars increased in 2009
- Figure 6: The average cost of commercial motor claims continued to rise
steadily in 2009
- Figure 7: As of 2008, the average claim cost is just under £2,200
- Figure 8: Bodily injury claims are the most expensive for insurers to
settle
- Figure 9: The DfT now estimates that the number of RTA casualties is
around 800,000 per annum
- Figure 10: Fewer RTAs are lowering the frequency of claims
- Figure 11: The number of RTAs has steadily fallen since 1998
- Figure 12: Road casualties are expected to have declined further in 2009
- Figure 13: National brokers are predicted to have seen a slight decline in
their share of the UK commercial insurance market in 2009
- Figure 14: Brokers have the highest penetration among medium-sized firms
- Figure 15: Micro-SMEs are most comfortable with arranging their cover over
the telephone
- Figure 16: Satisfaction levels in the market remain high
- Figure 17: Very few SMEs surveyed had changed their provider in the
previous two years
- Figure 18: The most common length of an SME' s insurance relationship is
two to five years
- Figure 19: Medium-sized companies are more interested in receiving advice
from their insurance providers
- Figure 20: Direct insurers' clients generally place less emphasis on
insurance advice
- Figure 21: SMEs that have greater interaction with their provider are more
likely to value their advice
- .Figure 22: Price was almost matched in importance by service as a
criterion for selecting a provider
- Figure 23: About half of those SMEs willing buy cover over the telephone
would do so because it is quicker
- Figure 24: Micro-SMEs are more likely than other SMEs to consider
arranging cover by telephone
- Figure 25: Convenience, speed and flexibility are the top reasons why SMEs
will consider arranging insurance online
- Figure 26: Many busy micro-SMEs are attracted to the convenience of
arranging insurance online
- Figure 27: The potential market for telephone distribution is low among
medium SMEs
- Figure 28: Most SMEs are not comfortable with arranging their insurance
over the telephone
- Figure 29: SMEs have a variety of reasons for not buying their cover online
- Figure 30: Medium-sized SMEs fear they will not obtain the proper cover
online
- Figure 31: SMEs show the greatest willingness to purchase public and
employers' liability insurance online
- Figure 32: Public and employers' liability were the most likely to be
considered for online purchase by micro-SMEs
- Figure 33: Aviva continues to lead the market
- Figure 34: The top 11-20 possess a total share of 8.2%
- Figure 35: A number of groups beat the average accident year COR
- Figure 36: The market will reach in excess of £5 billion under the
best case scenario
- Figure 37: Insurers will benefit from reduced underwriting losses after
2009
TABLE OF TABLES
- Table 1: Accident and reported year COR, commercial motor market, 2006-09
(%)
- Table 2: Commercial motor GWP, by line of business, 2006-09p (£m)
- Table 3: Commercial motor parc in Great Britain by body type, 2005-09
(000s)
- Table 4: Company car parc' s share of total car parc, 2005-09 (000s)
- Table 5: Average UK motor claim cost, 2000-09 (£)
- Table 6: Average motor claim cost (£) and claims inflation (%),
2003-08
- Table 7: Average motor claims payout (£) and total claims that
receive payment (%), 2008
- Table 8: Total number of reported RTAs in Great Britain (000s), 1998-2009
- Table 9: RTAs relative to registered vehicles in Great Britain (000s),
1998-2009
- Table 10: Reported deaths and casualties from RTAs in Great Britain,
2003-Q3 2009
- Table 11: Question: how long have you been with your current insurance
provider?
- Table 12: Length of time with insurance provider, by length of time
trading, 2009
- Table 13: Question: how important is it to receive advice on an ongoing
basis from your insurance provider?
- Table 14: Question: what were the most important reasons for choosing your
commercial insurance provider?
- Table 15: GWP and market share of the top 10 UK commercial motor insurance
groups, 2008-09
- Table 16: Top 10 commercial motor insurers' fleet and commercial vehicle
books, 2008-09
- Table 17: GWP and market share of the top 11-20 UK commercial motor
insurance groups, 2008-09p
- Table 18: The top 10 commercial motor insurers' accident year and reported
year performance ratios, 2009
- Table 19: Key variables affecting commercial motor insurance GWP, 2010-14
- Table 20: Forecasts of commercial motor GWP, 20010-14f (£m)
- Table 21: Forecast accident year COR, 2010-14f
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