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市場調查報告書
英國的員工賠償責任保險市場 2011
UK Employers' Liability Insurance 2011
| 出版商 |
Datamonitor |
| 出版日期 |
2011年12月 |
商品編碼 |
229208 |
| 內容資訊 |
英文 Pages: 67 |
| 價格 |
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英國的員工賠償責任保險市場 2011 是由出版商Datamonitor在2011年12月所出版的。
這份英文市場調查報告書包含Pages: 67 價格從美金2795起跳。
本報告書內容包括:英國的員工賠償責任保險對象最近的市場展開、規範、物流環境、企業策略的考察、各競爭企業的收益性及業績、以及市場整體的成長性與趨勢的分析之調查資訊的彙整、內容綱要摘記如下:
概要
實施摘要
- 員工賠償責任保險在2010年市場總價金額比前年增加
- 員工賠償責任保險市場在2010年總合計收入保險費用比前年增加
- 2011年的COR（combined operating ratio：總支出所佔保險金付款額的比例）低於117.0%
- 2011年的保險費率幾乎平行
- 中小企業最常使用的銷售路徑為經紀人
- 經紀人最喜愛的關係維持者為保險事業者的Aviva
- 報告書對象保險事業者前10家在2010年平均損害率為74.2%
- 經過預測期間立法效果對市場有很大的影響
市場環境
- 介紹
- 員工賠償責任保險在2010年市場總金額比前年增加
- 背負損失的2010年市場
- 2011年的保險費率幾乎平行
- 2011年的總保險申請金額比前年少
- 勞動災害有減少的傾向
- 市場的規範與現行課題
物流動態
- 依然、企業保險市場佔大部分物流的經紀人
- 補償契約活用各種通訊形式的中小企業（SME）
客戶焦點
- 經紀人對保險事業者事業者的選定有增加精選的姿態
- 中小企業的購買行動操控事業規模
競爭動態
- 介紹
- 保險事業者前10家在2010年總合計收入保險費用比前年減少6.7%
- 報告書對象保險事業者前10家的2010年平均損害率為74.2%
- 中小企業市場的員工障礙責任保險的第1名供應商是Aviva
解讀未來
- 介紹
- 預測期間立法效果對市場有很大的影響
- 總合計收入保險費的成長、對立法效果帶來很大的影響
- 預測期間中市場的接受採算性不會回復
附錄
圖表
Description
INTRODUCTION
The UK employers' liability report provides insights into recent market developments, regulations, distribution landscape and competitor strategies. It analyses competitor profitability and performance as well as overall market growth and trends.
FEATURES AND BENEFITS
- Gain insight into the recent regulatory and market trends in employers' liability insurance
- Assist in strategy development, looking at other competitors' performance and distribution patterns
- Understand the market potential in the UK employers' liability market
HIGHLIGHTS
- Operating conditions in the employers' liability market remained difficult in 2010. Despite an increase in profitability in the market there have only been modest increases in premiums in 2011. The market is forecast to improve slightly; however, overcapacity and strong competition will continue to suppress premium growth.
YOUR KEY QUESTIONS ANSWERED
- How has the UK employers' liability market changed in the recent years?
- Who are the main competitors and how have they performed in the recent years?
- What are the key regulatory changes affecting the UK employers' liability market?
TOC
OVERVIEW
EXECUTIVE SUMMARY
- The value of the employers' liability market increased in 2010
- Gross written premiums in the employers' liability market increased in 2010
- The combined operating ratio fell to 117.0% in 2010
- Premium rates have remained largely unchanged in 2011
- The proportion of injuries among employed persons has dropped since 2006-07
- Brokers are the most commonly used distribution method by all small- and medium-sized enterprises
- Brokers would most like to maintain a key relationship with Aviva
- The average loss ratio for the top 10 reported insurers was 74.2% in 2010
- Legislative outcomes will have a large impact on the market over the forecast period
MARKET CONTEXT
- Introduction
- The value of the employers' liability market increased in 2010
- GWP increased in 2010
- Employers' liability written through the Lloyd's of London market decreased in 2010
- The market experienced an underwriting loss in 2010
- The combined operating ratio fell to 117.0% in 2010
- Underwriting losses declined in 2010
- Premium rates have remained largely unchanged in 2011
- Increased unemployment will continue to suppress premiums
- The number of company liquidations has slowed
- Most employees in the UK work for a company with more than 500 employees
- The gross value of claims decreased in 2010
- Gross claims amounted to £967m in 2010
- Accidental injury claims continue to account for the vast majority of claims
- The propensity of workplace injuries is decreasing
- The total number of injuries has decreased over 2010-11
- The proportion of injuries among employed persons has dropped since 2006-07
- The relative number of workplace fatalities has increased in 2010-11p
- Regulations and current issues in the market
- Trigger Litigation
- The Lord Young health and safety review
- The Lord Justice Jackson review of civil litigation costs
- The Employers' Liability Tracing Service
- The change in the discount rate has the potential to have a drastic impact on the insurance market
DISTRIBUTION DYNAMICS
- Brokers continue to dominate distribution in the commercial market
- Independent intermediaries account for 80% of GWP in the commercial market
- Direct insurers account for a respectable proportion of the market
- SMEs make use of various platforms when arranging cover
- Brokers are the most commonly used distribution method by all SMEs
- The phone is an important distribution platform for insurers and brokers
- An online presence is vital for insurers and brokers targeting SMEs
- Medium-sized enterprises are the most likely to use face-to-face communication
CUSTOMER FOCUS
- Brokers are looking to be more selective when choosing insurers
- Brokers are most concerned about achieving the best price for their clients
- National brokers are the most likely to decrease the size of their panel
- Brokers would most like to maintain a key relationship with Aviva
- The purchasing behavior of an SME is dependent on the size of the business
- Aviva holds the largest number of SME insurance policies
- Most SMEs' employers' liability cover is purchased as a package
- Most SMEs stay with their provider for an average of two to five years
- Nearly one-quarter of SMEs are considering changing their insurance provider
COMPETITVE DYNAMICS
- Introduction
- GWP among the top 10 insurers decreased by 6.7% in 2010
- Zurich is still the largest insurer in the UK employers' liability market
- Aviva grew GWP in the employers' liability market by 18.5% in 2010
- RSA decreased its exposure to the employers' liability market
- The average loss ratio for the top 10 reported insurers was 74.2% in 2010
- Lloyd's of London is decreasing its exposure to the employers' liability market
- Aviva is the number one provider of employers' liability in the SME market
FUTURE DECODED
- Introduction
- Legislative outcomes will have a large impact on the market over the forecast period
- Scenario one: legislative changes result in increased costs
- Scenario two: legislative changes result in a more efficient and equitable claims process
- Weak economic growth will impair the employers' liability market
- Overcapacity in the market is likely to suppress premium rate growth
- Insurers' reliance dependence is not forecast to change
- Large reserve releases and low investment returns will continue to hurt the market
- The growth in GWP will be heavily influenced by legislative outcomes
- The market will not return to underwriting profitability in the forecast period
APPENDIX
- Additional data
- Definitions
- Premium income measures
- Distribution definitions
- Other
- Sources
- Methodology
- Primary and secondary research
- Further reading
- Ask the analyst
- Disclaimer
TABLES
- Table: UK employers' liability GWP (£m), 2006-10
- Table: Lloyd's of London members' UK employers' liability GWP (£m), 2006-10
- Table: Expense, loss, and combined ratio (%), 2006-10
- Table: Underwriting results (£m), 2006-10
- Table: On average, by approximately what percentage have premiums changed in the last year?
- Table: Unemployment and claimant rate in England and Wales (%), 2000-10
- Table: England and Wales company insolvencies, 2006-11
- Table: Total number of employees in the UK by size of business, 2010
- Table: Gross value of employers' liability claims (£m), 2006-10
- Table: Gross number of claims reported to the CRU, 2006-07 to 2010-11
- Table: Workplace injuries reported under RIDDOR, 2006-07 to 2010-11p
- Table: Relative number of injuries by type of accident, 2006-07 to 2010-11p
- Table: Relative number of injuries by severity of accident, 2006-07 to 2010-11
- Table: Distribution of commercial insurance by channel (%), 2006-10
- Table: Employers' liability cover distribution channel by size of SME (%), 2011
- Table: Platform used to arrange employers' liability cover by size of SME (%), 2011
- Table: Why do you choose your providers?
- Table: Are you reducing or have you reduced the panel of insurers you use in the last year?
- Table: Which are the key insurers you maintain or want to maintain a relationship with?
- Table: Which insurer do you use for your employers' liability insurance?
- Table: How do you arrange your policies? (only respondents with employers' liability)
- Table: How long have you been with your current insurance provider?
- Table: Why will you change your insurance provider in the next 12 months?
- Table: GWP and market share of the top 10 insurers, 2009-10 (£m)
- Table: Liability combined ratio of the largest insurers in the UK market (%), 2007-10
- Table: Top five insurers for employers' liability insurance, by method of purchase (%), 2011
- Table: Issues impacting GWP in the employers' liability market
- Table: Forecast GWP under the two scenarios (£m), 2010-15f
- Table: Net claims, net expense, and combined ratios (%), 2010-15f
- Table: Accidents reported under Reporting of Injuries, Diseases, and Dangerous Occurrences Regulations, 2006-2007 to 2010-11p
- Table: Accidents and acts of violence reported under Reporting of Injuries, Diseases, and Dangerous Occurrences Regulations, 2006-2007 to 2010-11p
FIGURES
- Figure: GWP in the employers' liability market increased 4.4% in 2010
- Figure: COR decreased by 26.4 percentage points in 2010
- Figure: GWP in the employers' liability market increased 4.4% in 2010
- Figure: Lloyd's insurers have become more selective when underwriting employers' liability cover
- Figure: The combined ratio decreased by 26.4 percentage points in 2010
- Figure: The underwriting result improved in 2010
- Figure: Rates remained flat in the employers' liability market in 2011
- Figure: The unemployment rate started to increase in late 2011
- Figure: Liquidations have increased in the last quarter
- Figure: The majority of employees work for businesses with more than 500 employees
- Figure: The value of gross claims decreased in 2010 according to data released by the ABI
- Figure: Claims reported to the CRU increased in the 2010-11 reporting period
- Figure: Total injuries have decreased every year since 2006-07
- Figure: The propensity for most injuries has decreased since 2006-07
- Figure: The relative number of workplace fatalities over the 2010-11 reporting period
- Figure: Brokers continue to dominate the commercial distribution channel
- Figure: The majority of SMEs use brokers to arrange their employers' liability cover
- Figure: The phone is the most popular method of arranging employers' liability cover
- Figure: Pricing is a decisive factor for brokers when arranging employers' liability cover
- Figure: National brokers are the most likely to decrease the size of their panel
- Figure: Aviva has been identified as a key partner among brokers
- Figure: Aviva is the largest employers' liability provider in the SME market
- Figure: Employers' liability cover is most commonly bought in a package by SMEs
- Figure: Micro SMEs are the most likely to change their provider after just one year
- Figure: 23.4% of SMEs are looking to change their insurance provider
- Figure: Obtaining a better price was the common reason among SMEs for wanting to switch
- Figure: Zurich is the largest insurer in the employers' liability market
- Figure: Chubb had the lowest loss ratio in 2010
- Figure: The top three insurers hold 40% of the employers' liability market
- Figure: GWP will grow due to an increase in claims costs
- Figure: The combined ratio is forecast to be higher under scenario one
- Figure: Accidents to members of public decreased in 2010-11p
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