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市場調查報告書
效能比率基準評估:英國的汽車保險市場 2011
Performance Ratio Benchmarking: Motor 2011
| 出版商 |
Datamonitor |
| 出版日期 |
2012年01月 |
商品編碼 |
229212 |
| 內容資訊 |
英文 Pages: 17 |
| 價格 |
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效能比率基準評估:英國的汽車保險市場 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: 17 價格從美金1995起跳。
2010年的汽車保險產業，面臨接連的傷害事故補償申請的壓力與同時發展營運成本的效率化的必要性。
本報告以英國汽車保險市場作為對象，提供掌握業績整體情況，分析的最新調查資料，所有市場及前幾名企業10公司的損失，支出，合計比率，為您概述為以下內容。
概要
英國的個人用汽車保險效能比率分析
- 簡介
- 承保費用率也有所改善，無法停止補償的惡性循環
- 2010年的COR(combined operating ratio:保險支付金額佔總支出的比例)改善0.8%
- 承擔經費中最大比率改善的仲介費用
- 隨著個人索賠數量增加，市場賠付率提高
- 擁有最小COR的LV=
- 市場首位的RBS(Royal Bank of 蘇格蘭)總費用率最小但COR最大
- Co-operative個人用汽車保險經營者前十大企業中記錄的最大總費用率
英國的企業的汽車保險效能比率分析
- 簡介
- 市場COR上升2%達到110%
- 承銷費用略有改善中，賠付率卻逐年增加
- 仲介費用依然佔經費中最大的比例
- 市場首位的Aviva保險經營者前十大企業中最好的COR
- RSA達到最強的經費比率效能
附錄
- 補充資料
- 用語定義
- 新契約費
- 管理費
- 仲介費用
- 報告年合計比率
- 儲備金
- 出處
- 參考文獻
- 分析師諮詢
- 免責事項
圖表
Abstract
INTRODUCTION
The motor insurance market faced continued pressure from bodily injury claims in 2010 as well as a drive for efficient operating costs. This brief analyzes the performance ratios of the UK private and commercial motor market, at both an industry level and across the top 10 respective 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 motor insurers became more or less profitable in 2010.
HIGHLIGHTS
- In personal motor insurance, LV= reported the lowest combined operating ratio in 2010, with 100.4%. While still short of breaking even, this outmatched the average market COR by 14.4 percentage points.
- While the commission expense ratio improved, it continued to account for the largest share of underwriting expenses, making up 41.6% of the total expense figure. The modest improvement seen can be attributed to a continuing soft commercial motor market.
- RSA reported the best expenses ratio by a significant margin, from among the top 10 insurers, in 2010 but also accounted for one of the worst loss ratios. Its expense ratio was 10.8%, in comparison to the market average of 27.1% and an average from the top 5 insurers of 21.9%.
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 PRIVATE MOTOR PERFORMANCE RATIOS ANALYSIS
- Introduction
- The underwriting expense ratio improved while claims costs continued to spiral
- The COR improved by 0.8% in 2010
- Commission expenses saw the greatest ratio improvement among underwriting costs
- The market's loss ratio increased as personal injury claims rose in volume
- LV= possesses the lowest COR
- Market leader RBS accounted for the lowest total expense ratio but also the highest COR
- Co-operative posted the highest expense ratio of the top 10 private motor insurers
UK COMMERCIAL MOTOR PERFORMANCE RATIOS ANALYSIS
- Introduction
- The market's COR increased by two percentage points to 110%
- The loss ratio increased as underwriting expenses witnessed a modest improvement
- Commission costs continue to account for the largest share of expenses
- The market leader Aviva posted the best COR from the top 10 insurers
- RSA achieved the strongest expense ratio performance
APPENDIX
- Supplementary Data
- Definitions
- Acquisition costs
- Administrative expenses
- Commission expenses
- Reported year combined ratio
- Reserve development
- Sources
- Further reading
- Ask the analyst
- Disclaimer
TABLES
- Table: UK private motor insurance market performance ratios (%), 2006-10
- Table: Top 10 private motor insurance groups' performance ratios (%), 2010
- Table: UK commercial motor insurance market performance ratios (%), 2006-10
- Table: Top 10 commercial motor insurance groups' performance ratios (%), 2010
- Table: Top 20 UK private motor insurers and total market size by gross written premiums (£000s), 2007-10
- Table: Top 20 UK commercial motor insurers and total market size by gross written premiums (£000s), 2007-10
FIGURES
- Figure: Improvements were made to all elements of the market's expense ratio in 2010
- Figure: RBS accounted for the strongest expense ratio in the top 10, but also the highest loss ratio
- Figure: Ageas posted the second best COR performance in 2010, with expense and loss ratios below the top 10 average
- Figure: A continuing soft market resulted in commission rates accounting for the largest share of expenses
- Figure: Market leader Aviva posted the lowest COR of the top 10
- Figure: Of the sixth to 10th placed insurers in 2010, only LV= recorded a lower COR than the top five average
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