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市場調查報告書

英國的債權人保險

Creditor Insurance in the UK

出版商 Finaccord Ltd. 商品編碼 310918
出版日期 內容資訊 英文 25 Pages
商品交期: 最快1-2個工作天內
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英國的債權人保險 Creditor Insurance in the UK
出版日期: 2014年06月01日 內容資訊: 英文 25 Pages
簡介

本報告以英國的債權人保險為焦點,以獨特手法一面闡明支付保障險及貸款相關保險等一面加以考察,由超過100家融資機構的調查結果彙整銀行及其他融資機關的債權人保險銷售數、各融資商品不同的提供率之背景、債權人保險設定所用的運用模式、基於銷售機關規模的銷售合作加重評估等資料。同時報告所附的PartnerBASE更提供約60件債權人保險契約案例之詳細資訊,可當成您了解英國債權人保險市場現況與發展性最可靠的指南。

摘要整理

第1章 簡介

  • 報告的對象市場
    • 提供英國貸款相關保險的綜合性分析
  • 調查理由
    • 英國在依然透過房屋抵押貸款供應商利用房屋抵押貸款相關人壽保險的同時,完全沒有其他銷售債權人保險的融資機關
  • 調查方法
    • 銀行之外的金融機關問卷調查
    • 市場資料
  • 定義
    • 債權人保險
    • 房屋抵押貸款,消費者金融,信用卡
    • 合作關係的供應商加重佔有率
    • 運用模式
    • 簡稱與匯率
  • PartnerBASE與市場資料補充資料
  • Finaccord

第2章 市場分析

  • 調查對象的銀行以外金融機關
  • 融資部門相關簡介
    • 近幾年情況發生重大變化的英國零售銀行
  • 消費者金融的規模和成長率
  • 房屋抵押貸款
  • 房屋抵押貸款以外的融資
  • 信用卡之外的墊付卡
  • 債權人保險契約率,運用模式,合作關係
  • 房屋抵押貸款相關債權人保險
    • 英國大型房屋抵押貸款融資機關大半有提供債權人保險
  • 消費者金融,信用卡相關債權人保險
  • 債權人保險的對象風險
    • 所有保險對死亡及永久殘障可能性的支援
  • 替代銷售管道
    • 三大保險公司把房屋抵押貸款相關債權人保險做為消費者直銷
    • 追求「傳統型」付款保護規定的債務人,必須透過仲介業者來購買
    • 從消費者調查所闡明的「大半房屋抵押貸款人壽保險購買處都非直接貸方」
  • 債權人保險市場規模,成長率,預測

圖表一覽

目錄

Finaccord's report titled Creditor Insurance in the UK offers uniquely detailed insights into the market for creditor insurance, sometimes also referred to as payment protection insurance or loan-related insurance, as acquired by individual borrowers in the UK. Drawing on the results of a survey of over 100 lending institutions, the study analyses the distribution of creditor insurance by banks and other lending institutions, how provision rates vary for different lending products, operating models used for arranging creditor insurance, and distribution partnerships weighted by the size of distributors. The PartnerBASE™ dataset that accompanies the report details each of close to 60 creditor insurance distribution deals traced by Finaccord. In short, this study will provide you with the definitive guide to current and future opportunities in creditor insurance in the UK.

Key features of this study and the PartnerBASE™ dataset and market data annexe that accompany it include:

  • quantification of creditor insurance market size and growth with a timeline from 2009 to 2013 and onwards to 2017: how much is this market really worth in the UK and what is its future development potential?
  • segmentation of this market both by underlying loan type (differentiating between mortgages, point-of-sale automotive finance, other consumer finance and credit card loans) and by type of cover (differentiating between cover for death / permanent disability and temporary incapacity / unemployment);
  • consideration of operating models used for creditor insurance: how advanced is the use of captive and joint venture underwriters by lending institutions in the UK?
  • calculation of weighted provider share of partnerships: Finaccord's unique quantitative analysis helps to identify which underwriters of creditor insurance hold the relationships that offer the most potential;
  • investigation into alternative distribution channels for selling creditor insurance: a number of factors could increase the potential for entities other than the lending institutions themselves to sell creditor insurance in the UK.

Table of Contents

0.0 EXECUTIVE SUMMARY

1.0 INTRODUCTION

  • What is this report about?
  • This report provides a comprehensive analysis of loan-related insurance policies in the UK
  • Rationale
  • Mortgage-related life insurance is still available via providers of home loans in the UK...
  • ... although other types of creditor insurance are no longer sold by lending institutions
  • Methodology
  • Survey of banks and other lending institutions
  • Market data
  • Definitions
  • Creditor insurance
  • Mortgages, consumer finance and credit cards
  • Weighted provider share of partnerships
  • Operating models
  • Abbreviations and exchange rates
  • PartnerBASE™ and market data annexe
  • Finaccord

2.0 MARKET ANALYSIS

  • Banks and other lending institutions covered
  • Introduction to the banking sector
  • The UK retail banking sector has seen significant changes in recent years...
  • ...affecting major players such as RBS and Lloyds Banking Group...
  • ...plus the Co-operative Bank...
  • ... and a number of small and medium-sized building societies
  • Consumer lending market size and growth
  • Mortgage lending
  • Mortgage balances outstanding edged up in nominal terms between 2009 and 2013...
  • Non-mortgage lending
  • ...but the value of total non-mortgage consumer lending has fallen back quite substantially
  • Credit and other pay later cards
  • Following a contraction, the number of credit cards in circulation has started to rise again since 2011
  • Creditor insurance provision rates, operating models and partnerships
  • Creditor insurance linked to mortgages
  • The majority of significant mortgage lenders in the UK offer related creditor insurance
  • Legal & General is ranked first by weighted share of partnerships...
  • ...followed by Aviva, which benefits from three key distribution partnerships
  • Scottish Widows and HSBC Life are the only two captive underwriters in this arena
  • CUNA Mutual, Friends Life, LV=, and Standard Life are also visible as insurers in this field
  • Seven mortgage lenders employ captive or external financial advisers for mortgage term life insurance...
  • ... but 25 have no arrangement at all for mortgage-related creditor insurance
  • Creditor insurance linked to consumer finance and credit cards
  • Creditor insurance risk coverage
  • All policies offer the potential for covering death and permanent disability...
  • ...with temporary incapacity and unemployment increasingly covered via separate policies
  • Alternative distribution channels
  • Three major life insurers offer mortgage-related creditor insurance directly to consumers...
  • ...and mortgage brokers and financial advisers are major distributors of mortgage term life insurance...
  • ... while online aggregators and brokers sell ‘accident, sickness and unemployment' cover
  • Any borrowers looking for 'traditional' payment protection cover must buy from specialised intermediaries
  • Consumer research shows that most mortgage life insurance is not bought from the lenders themselves
  • Creditor insurance market size, growth and forecast
  • The market is now almost entirely composed of mortgage-related life insurance...
  • ... a sector whose value is predicted to expand between 2013 and 2017
  • Citizens Advice filed its original ‘super-complaint' as long ago as September 2005...
  • ... on the basis of at least five concerns
  • Lending institutions began to withdraw from the payment protection market from 2007 onwards...
  • ... and have already paid refunds and compensation to customers in the region of GBP 14 billion

LIST OF GRAPHICS / TABLES

TABLE OF CONTENTS

0.0 EXECUTIVE SUMMARY

  • Creditor insurance gross written premiums in the UK, segmented by policy and cover type, 2009, 2013 and 2017

1.0 INTRODUCTION

  • Banks and other lending institutions in the UK contacted by Finaccord, segmented by type

2.0 MARKET ANALYSIS

  • Residential mortgage lending balances outstanding in the UK (absolute and per capita), 2009 to 2013
  • Consumer non-mortgage lending balances outstanding in the UK (absolute and per capita), 2009 to 2013
  • Credit and other pay later cards issued and per capita in the UK, 2009 to 2013
  • Key data points for the consumer lending market in the UK, 2009 to 2013
  • Provision of creditor insurance linked to mortgages in the UK, 2014: provision rate, operating models and weighted provider share of partnerships
  • Provision of creditor insurance linked to consumer finance in the UK, 2014: provision rate, operating models and weighted provider share of partnerships
  • Provision of creditor insurance linked to credit cards in the UK, 2014: provision rate, operating models and weighted provider share of partnerships
  • Risk coverage of creditor insurance policies in the UK, segmented by type of underlying product, 2014
  • Creditor insurance gross written premiums in the UK, segmented by policy type, 2009, 2013 and 2017
  • Creditor insurance gross written premiums in the UK, segmented by cover type, 2009, 2013 and 2017
  • Creditor insurance gross written premiums in the UK, segmented by policy and cover type, 2009, 2013 and 2017
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