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市場調查報告書
效能比率基準評估:英國的傷害疾病保險市場 2011
Performance Ratio Benchmarking: Accident and Health Insurance 2011
| 出版商 |
Datamonitor |
| 出版日期 |
2012年01月 |
商品編碼 |
229211 |
| 內容資訊 |
英文 Pages: 12 |
| 價格 |
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效能比率基準評估:英國的傷害疾病保險市場 2011 是由出版商Datamonitor在2012年01月所出版的。
這份英文市場調查報告書包含Pages: 12 價格從美金1995起跳。
英國的傷害疾病保險市場雖然確保了2010年盈利，但仍為增多的管理費和高損失比率所苦。
本報告以英國傷害疾病保險市場為對象，提供掌握業績整體情況，分析所有市場及前10大公司的損失，支出，合計比率的最新調查資料，為您概述為以下內容。
概要
英國傷害疾病保險效能比率分析
- 簡介
- 2010年整體市場的COR(combined operating ratio:保險支付金額佔總支出的比例)因保險費上升比前年增加
- 2010年整體市場的COR與前年相比些微增加的99.8％
- 賠付率居高不下
- 管理費上升
- 新契約費用將保持穩定
- 反映市場競爭的高佣金
- 英國傷病保險前十名集團的2010年業績普遍穩定成長
- Bupa用直銷手法保持在較低的仲介手續費
- Axa從龐大的仲介手續費中，取得超過100％的COR
- 前十名集團中獲得最高利益的ACE
- Aviva維持較低管理費用，COR達到正收益
- 提出利潤效果的PruHealth的組織改革
- 規模保持較低支出比率結果相關的RBS
附錄
- 補充資料
- 用語定義
- 新契約費
- 管理費
- 仲介手續費
- 報告年合計比率
- 儲備金
- 參考文獻
- 分析師諮詢
- 免責事項
圖表
Abstract
INTRODUCTION
The Accident and Health insurance market remained profitable in 2010 but has struggled with increased administrative costs and high loss ratios. This brief analyzes the performance ratios of the UK Accident and Health insurance market, at both an industry level and across the top 10 insurers. The expense ratio is examined by its component parts: commission, admin and other acquisition expenses.
FEATURES AND BENEFITS
- Gain insight into the reasons for different cost structures held by insurers.
- Benchmark your performance ratios against those of major competitors.
- Identify which Accident and Health underwriters became more or less profitable in 2010.
HIGHLIGHTS
- Underwriters have been struggling with an increase in administrative costs, which rose in 2010. It is probable that a significant proportion of these expenses stemmed from preparations for Solvency II. The cost of implementing these new regulations is thought to be close to £100m for large international insurers.
- There has been little change year-on-year when looking at loss ratios, which have not significantly deviated from their five year average of 72.5%. The worst year for the industry occurred in 2008, when the loss ratio peaked at 74.0%
- Aviva, the UK's third largest general insurer by GWP, achieved a profitable COR of 92.7% in 2010, which represents an improvement of 3.6 percentage points from the 2009 figure of 96.3%.
YOUR KEY QUESTIONS ANSWERED
- Which of your market's top 10 insurers performed best in 2010?
- How has the market as a whole fared on expense and loss ratios in 2010?
- How do your performance ratios compare to the market average and the top 10 insurers?
Table of Contents
OVERVIEW
UK ACCIDENT AND HEALTH INSURANCE PERFORMANCE RATIO ANALYSIS
- Introduction
- The total market COR increased in 2010, driven by an increase in administration costs
- The total market COR rose slightly to 99.8% in 2010
- Loss ratios remain high
- Administrative costs are increasing
- Acquisition expenses have remained stable
- High commission expenses reflect the competitive market
- The top 10 UK A&H insurance groups generally had a strong 2010
- A direct approach allowed Bupa to keep commission expenses low
- Axa's significant commission expenses pushed its COR above 100%
- ACE was the most profitable group of the top 10
- Low administrative expenses allowed Aviva to achieve a profitable COR
- PruHealth's structural changes have impacted its profitability
- RBS's size keeps its expense ratio small
APPENDIX
- Supplementary data
- Definitions
- Acquisition cost
- Administrative expenses
- Commission expenses
- Reported year combined ratio
- Reserve development
- Further reading
- Ask the analyst
- Disclaimer
TABLES
- Table: UK Accident and Health insurance market performance ratios (%), 2006-10
- Table: Top 10 UK A&H insurance groups' performance ratios (%), 2010
- Table: Top 20 UK accident and health insurers and total market size by gross written premiums (£000s), 2007-10
FIGURES
- Figure: Administration expenses have grown from 2008 onwards
- Figure: Operating costs range between the market leaders
- Figure: Simplyhealth, Western Provident, and RBS achieved a profitable COR
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