英國之保險業界

Abstract

The Insurance Industry in the United Kingdom Report provides insightful analysis, market overview, industry structure and outlook of life and non-life insurance industries in the country. The report also examines the pension and reinsurance markets as well as other sectors of non-life insurance industry like property, health, accident, general liability, pecuniary loss, personal lines, and pet insurance among others. Get a rudimentary insight into the insurance market trends & issues, marketing strategies, and regulatory environment within the country. The report provides a compilation and discussion on recent spate of mergers & acquisitions and other industry activities, which have irreversibly changed the landscape of the industry. Get a bird' s eye view of the latest launches of insurance products by major industry players in the country. The report also peeps into the recent past/ historical perspective of the country' s insurance market and corporate developments/product launches within the industry. A regional level discussion also looks into the leading companies' footing in these markets along with their annual written premiums and/ or market shares. The report discusses several key and niche players such as Abbey National PLC, Allianz Corn hill, Amlin PLC, Aviva Plc, Halifax Life, Hiscox Ltd., Legal & General Group Plc., Lloyd' s of London, Lloyds TSB Group Plc, Markel International Ltd., NatWest Life, NFU Mutual Insurance Co., Prudential PLC, Royal & Sun Alliance Insurance Group, Standard Life Plc, and The Equitable Life Assurance Society. Discussion on some of the UK based global leading brokers like HBOS PLC, Jardine Lloyd Thompson Group Plc, and Willis Group Holdings Ltd. has also been compiled in the report.

Table of Contents

1. Market Overview

• Table 1: UK Recent Past, Current & Future Analysis for Insurance Industry by Segment - Life & Non-Life Markets Independently Analyzed with Annual Premium Income in GBP Billion for the Years 2006 through 2010 (includes corresponding Graph/Chart)
• Table 2: UK 5-Year Perspective for Insurance Industry by Segment - Percentage Breakdown of Premium Income for Life and Non-Life Markets for 2006, 2008, and 2010 (includes corresponding Graph/Chart)
• Table 3: UK Insurance Industry (2006): Per Capita Premium in US$, and Penetration of Insurance by Category - Life & Non-Life
• Market Snippets
• Health Insurance: An Illustrious Year ...
• Internet Aids Growth of Travel Insurance Market
• Table 4: UK Recent Past, Current & Future Analysis for Travel Insurance Market in GBP Million for the Years 2006 through 2010 (includes corresponding Graph/Chart)
• Table 5: UK Travel Insurance: Gross Written Premium in Pound Million for Years 2001 through 2005 (includes corresponding Graph/Chart)
• Travel Insurance Sector Fueled by Britain' s Growing Emigrant Community
• Growing Popularity of Annual Insurance Policies to Drive Travel Insurance Sector
• Travel Insurance Markets Register Higher Value Growth
• Increasing Foreign Trips Fuel Travel Insurance Penetration Levels
• Ageing Passengers to Fuel Insurance Sales
• ATII Raises Concern on Travel Insurance Sales
• Travel Insurance Intermediaries Express Disapproval over Sales
• Travel Agents' Share Declines for Travel Insurance Distribution Channel
• Rising Medical and legal costs Spiral Personal Injury Claims
• Demand for Annuities Set to Rise Rapidly
• UK Insurance Industry Snapshots
• Relative to World
• Relative to Europe
• Relative to the UK
• More Facts about the UK Insurance Industry
• Get...Set...Grow...
• Investigations Unearth Startling Facts...

2. Structure of the UK Insurance Market

• General & Long Term Insurance - A Unique Market Split
• Market Concentration
• Table 6: UK Insurance Market (2005): Number of Companies By Category for General Insurance, Long-Term Business and Both (includes corresponding Graph/Chart)
• Table 7: UK Insurance Market (2005): Average Annual Household Expenditure on Insurance in Pounds by Segment - Home Buildings/Structure, Home Contents, Income Protection, Life Insurance, Medical, Motor, Mortgage Protection, and Personal Pension (includes corresponding Graph/Chart)
• Motor Insurance - A Highly Concentrated Market
• Table 8: UK Private Motor Insurance Market: Net Written Premium in Pound Billion for Years 2005 & 2006
• Private Motor Insurance Market Records Declining Profitability
• Green Motor Insurance Line to Grow
• An Increasing Car Insurance Premiums
• In-Vehicle Telematics Technology for The UK Motor Industry - A Brief
• Motor Insurance Industry and Telematics
• Aging Baby Boomers - A Concern in the UK Insurance Industry
• High Proportion of Overseas Business
• Table 9: UK Insurance Industry (2005): Percentage Breakdown of New Business Premium Mix by Category - Mutual, Overseas, UK Listed, and Others (includes corresponding Graph/Chart)
• Stocks and Shares Rank Top line Choices for Insurers' Investment Holdings
• Table 10: UK Insurance Market (2005): Total Long Term and General Insurance Investment Holding in ? Billion by Category - Public Sector Securities, Ordinary Stocks and Shares, Property, Unit Trusts, and Cash and Other Investments (includes corresponding Graph/Chart)
• Table 11: UK Insurance Market (2004): Total Long Term 1: UK Recent Past, Current & Future Analysis for Insurance Industry by Segment - Life & Non-Life Markets Independently Analyzed with Annual Premium Income in GBP Billion for the Years 2006 through 2010 (includes corresponding Graph/Chart)
• Table 2: UK 5-Year Perspective for Insurance Industry by Segment - Percentage Breakdown of Premium Income for Life and Non-Life Markets for 2006, 2008, and 2010 (includes corresponding Graph/Chart)
• Table 3: UK Insurance Industry (2006): Per Capita Premium in US$, and Penetration of Insurance by Category - Life & Non-Life
• Market Snippets
• Health Insurance: An Illustrious Year ...
• Internet Aids Growth of Travel Insurance Market
• Table 4: UK Recent Past, Current & Future Analysis for Travel Insurance Market in GBP Million for the Years 2006 through 2010 (includes corresponding Graph/Chart)
• Table 5: UK Travel Insurance: Gross Written Premium in Pound Million for Years 2001 through 2005 (includes corresponding Graph/Chart)
• Travel Insurance Sector Fueled by Britain' s Growing Emigrant Community
• Growing Popularity of Annual Insurance Policies to Drive Travel Insurance Sector
• Travel Insurance Markets Register Higher Value Growth
• Increasing Foreign Trips Fuel Travel Insurance Penetration Levels
• Ageing Passengers to Fuel Insurance Sales
• ATII Raises Concern on Travel Insurance Sales
• Travel Insurance Intermediaries Express Disapproval over Sales
• Travel Agents' Share Declines for Travel Insurance Distribution Channel
• Rising Medical and legal costs Spiral Personal Injury Claims
• Demand for Annuities Set to Rise Rapidly
• UK Insurance Industry Snapshots
• Relative to World
• Relative to Europe
• Relative to the UK
• More Facts about the UK Insurance Industry
• Get...Set...Grow...
• Investigations Unearth Startling Facts...

2. Structure of the UK Insurance Market

• General & Long Term Insurance - A Unique Market Split
• Market Concentration
• Table 6: UK Insurance Market (2005): Number of Companies By Category for General Insurance, Long-Term Business and Both (includes corresponding Graph/Chart)
• Table 7: UK Insurance Market (2005): Average Annual Household Expenditure on Insurance in Pounds by Segment - Home Buildings/Structure, Home Contents, Income Protection, Life Insurance, Medical, Motor, Mortgage Protection, and Personal Pension (includes corresponding Graph/Chart)
• Motor Insurance - A Highly Concentrated Market
• Table 8: UK Private Motor Insurance Market: Net Written Premium in Pound Billion for Years 2005 & 2006
• Private Motor Insurance Market Records Declining Profitability
• Green Motor Insurance Line to Grow
• An Increasing Car Insurance Premiums
• In-Vehicle Telematics Technology for The UK Motor Industry - A Brief
• Motor Insurance Industry and Telematics
• Aging Baby Boomers - A Concern in the UK Insurance Industry
• High Proportion of Overseas Business
• Table 9: UK Insurance Industry (2005): Percentage Breakdown of New Business Premium Mix by Category - Mutual, Overseas, UK Listed, and Others (includes corresponding Graph/Chart)
• Stocks and Shares Rank Top line Choices for Insurers' Investment Holdings
• Table 10: UK Insurance Market (2005): Total Long Term and General Insurance Investment Holding in ? Billion by Category - Public Sector Securities, Ordinary Stocks and Shares, Property, Unit Trusts, and Cash and Other Investments (includes corresponding Graph/Chart)
• Table 11: UK Insurance Market (2004): Total Long Term and General Insurance Investment Holding in ? Billion (includes corresponding Graph/Chart)
• Direct Writers - A Key Link in the Market Vertical
• Fluctuating Regulations Cast a Spell of Chaos on the Industry
• United Kingdom' s Insurance Market Unstable
• ' Long Life' Products Go Strong
• Table 12: UK Life Insurance Industry: Life Annualized New Business in US$ Billion and Percentage Value Breakdown of LANB by Savings & Protection, Pensions, Pension Annuities and Group Risk (Regular, Non-Profit) for the Years 2001, 2002, 2003, 2004, 2005 and 2010 (includes corresponding Graph/Chart)
• E-Commerce & Outsourcing - To Rise & Shine the UK Insurance Sector
• Investment Pattern
• Consumer Trends
• Women Not a Popular Target for Online Insurers
• Consumer Preferences

3. Insurance Market Trends

• Officers and Directors Insurance Market in the UK Registers Stagnant Growth
• Mutual Insurance Gains Ground Amid Adversities
• Online Insurance on the Rise
• Table 13: Online Insurance Growth in the UK (2002-2005): Percentage Share of Online Sales of Motor and Home Insurances (includes corresponding Graph/Chart)
• Structural Insurance on Decline
• Product Diversification and Service Differentiation Drive Volumes
• Personal Lines - A Wave of Reforms
• Impact of Climatic Transitions on Insurance Industry
• Citizens of The UK Resort to Insurers for Settling Neighborly Disputes
• London Insurance Market - An Overview
• The UK Insurance Industry - An Overall Market Scenario
• The UK Commercial Insurance Fraud

4. A Review of UK Insurance Industry Sectors

• Long-Term Insurance
• Table 14: UK Long Term Insurance Market (2005): Net Premium Income in Pound Billion by Category - Group Pensions, Life & Annuities, Individual Pensions, and Income Protection & Other Business (includes corresponding Graph/Chart)
• Table 15: UK Long Term Insurance Market (2005): Benefits Paid in Pound Billion by Category - Life & Annuities, All Pensions, and Income Protection & Other Business (includes corresponding Graph/Chart)
• Table 16: UK Long Term Insurance Market (2005): Individual Business Policies in Million by Category - Life & Annuities, All Pensions, and Income Protection & Other Business (includes corresponding Graph/Chart)
• Table 17: UK Long Term Insurance (2005): Percentage Market Share of Sales by Category - Single Tie/Limited Range, IFAs/Whole of Market, and Non-Intermediated (includes corresponding Graph/Chart)
• Table 18: UK Long Term Insurance (2000-2004): ' Life & Annuities' Net Premium (NP) in US$ Billion and Percentage Breakdown of NP by Regular and Single Premiums (includes corresponding Graph/Chart) (includes corresponding Graph/Chart)
• Table 19: UK Long Term Insurance (2000-2004): Individual/ Other Pensions' Net Premium (NP) in US$ Billion and Percentage Breakdown of NP by Regular and Single Premiums (includes corresponding Graph/Chart)
• Table 20: UK Long Term Insurance (2000-2004): ' Income Protection' Net Premium (NP) in US$ Billion and Percentage Breakdown of NP by Regular and Single Premiums (includes corresponding Graph/Chart)
• Table 21: UK Long Term Insurance (2000-2004): Total Benefits (TB) in US$ Billion and Percentage Breakdown of Total Benefits by Pensions, Life & Annuities and Income Protection (includes corresponding Graph/Chart)
• Table 22: UK Long Term Insurance (2000-2004): Total Business Policies (TBP) in US$ Billion and Percentage Breakdown of TBP by Life & Annuities, Pensions and Income Protection Life Insurance (includes corresponding Graph/Chart)

4a. Life Insurance

• Table 23: Leading Players in the UK Insurance Market (2006): Percentage Breakdown of Net Premiums by Company - Standard Life, AVIVA Plc, Legal & General, Prudential, Lloyds TSB Group, Aegon, ALICO, HBOS Financial Services, AXA, Canada Life and Friends Provident (includes corresponding Graph/Chart)
• Table 24: UK Life Insurance Market (2006 & 2007): Percentage Market Share of Net Written Premiums by Category - Life Insurance, Individual Pensions, Occupational Pensions, Income Protection and Others (includes corresponding Graph/Chart)
• Table 25: UK Life Insurance Market (2005 & 2006): New Business Premiums (Regular) in Pound Million by Category - Individual Pension, Group Pension, Individual Protection, Group Protection, Investment & Savings, Collective Investment & Schemes, Other Stakeholder Products, and Offshore Business (includes corresponding Graph/Chart)
• Table 26: UK Life Insurance Market (2005 & 2006): New Business Premiums (Regular) by Distribution Channel - Single Tie, IFAs/Whole of Market, and Non- intermediated (includes corresponding Graph/Chart)
• Table 27: UK Life Insurance Market (2005 & 2006): New Business Premiums (Single) in Pound Million by Category - Individual Pension, Group Pension, Individual Protection, Pension Annuities & Income Drawdown, Investment & Savings, Collective Investment & Schemes, Other Stakeholder Products, and Offshore Business (includes corresponding Graph/Chart)
• Table 28: UK Life Insurance Market (2005 & 2006): New Business Premiums (Single) by Distribution Channel - Single Tie, IFAs/Whole of Market, and Non- intermediated (includes corresponding Graph/Chart)
• Categorization of the UK Life Insurers
• Restructuring of the Industry
• Opportunities for Life Insurers
• Life Insurance Prices to Drop in UK
• Outlook for the Life Market
• Industrial Branch Business
• About Endowment Mortgages
• Hybrid and Savings Plans - Futuristic in Nature
• The Pension Sector
• Table 29: UK Pension Market (2005): Total Funded Pensions in ? Billion by Type - Self-Administered Pensions, Insurance Individual Pensions, and Insurance Occupational Pensions (includes corresponding Graph/Chart)
• Compulsory Pension (Contributory State Pension)
• Safety Net Pension (Non-Contributory State Pension)
• Occupational Pensions (Voluntary)
• Personal Pensions and Other Retirement Savings (Voluntary)
• Stakeholder Pensions
• Pension Credit
• An Impetus to Sagging Pensions Market
• Traded Endowment Policies (TEPS)
• A Fast Growing Financial Services Segment
• The Origins
• Target Audience
• Triple Benefits
• Protection and Investor Considerations
• Supply and Demand Scenario - A Historic Review
• Table 30: Percentage of TEPS Offered by Life Companies to Market Makers (includes corresponding Graph/Chart)

4b. General Insurance

• Table 31: UK Non-Life Insurance Market (2006 & 2007): Percentage Breakdown of Net Written Premiums by Category - Motor, Property, Accident & Health, Pecuniary Loss, Liability and Others (includes corresponding Graph/Chart)
• Table 32: UK General Insurance Market (2005): Percentage Breakdown of Sales by Channel -Banks/Building Societies, Company Agents, Direct, Independent Intermediaries, Retailers/ Affinity Groups/ Utility Groups, and Others (includes corresponding Graph/Chart)
• Table 33: UK General Business Insurance Industry (2005): Domestic Risk Net Written Premium (NWP) in ? Billion and Percentage Breakdown of NWP by Sectors for Motor, Accident & Health, Property, Pecuniary Loss and General Liability (includes corresponding Graph/Chart)
• Table 34: UK General Business Insurance (Excluding UK Risks) Industry (2005): Net Written Premium (NWP) in ? Billion and Percentage Breakdown of NWP by Home Foreign, Marine Aviation & Transport, and Non-MAT Reinsurance (includes corresponding Graph/Chart)
• Table 35: UK Commercial Insurance Market (2005): Percentage Breakdown of Claims by Business Sectors - Employer' s Liability, Motor/Fleet Vehicle, Professional Indemnity, Property, and All Risks Packaged Policy (includes corresponding Graph/Chart)
• Table 36: UK General Business Insurance Industry (2000- 2004): Domestic Risk Net Written Premium (NWP) in US$ Billion and Percentage Breakdown of NWP by Sectors for Motor, Accident & Health, Property, Pecuniary Loss and General Liability (includes corresponding Graph/Chart)
• Table 37: UK General Business Insurance (Excluding UK Risks) Industry (2000-2004): Net Written Premium (NWP) in US$ Billion and Percentage Breakdown of NWP by Home Foreign, Non-MAT Reinsurance and Marine Aviation & Transport (includes corresponding Graph/Chart)
• Underwriting Profits
• Motor Insurance
• Uncertain Future
• Performance - A Perspective
• Table 38: UK Motor Revenue Account (2005): Net Written Premium (NWP) in Pound Million for Domestic and Commercial Segments (includes corresponding Graph/Chart)
• Table 39: UK Motor Revenue Account (2000-2004): Net Written Premium (NWP) in US$ Billion and Percentage Breakdown of NWP by Domestic and Commercial (includes corresponding Graph/Chart)
• Table 40: UK Motor Revenue Account (2000-2004): Claims Incurred (CI) in US$ Billion and Percentage Breakdown of CI by Domestic and Commercial (includes corresponding Graph/Chart)
• Competition Metamorphoses the UK Motor Industry
• Private and Commercial Motor Market
• Innovative Products at Low Premiums
• Motor Insurance Offer Low Returns on Capital
• Motor Cycle Claims
• Effect of Competition and Pricing

4c. Property Insurance

• Table 41: UK Property Damage Revenue Account (2005): Net Written Premium (NWP) in ? Million by Domestic and Commercial Segments by Category - Claims Incurred, Change in Provisions, Commission & Expenses, and Equalization Reserves (includes corresponding Graph/Chart)
• Table 42: UK Property Damage Revenue Account (2000-2004): Net Written Premium (NWP) in US$ Billion and Percentage Breakdown of NWP by Domestic and Commercial Segments (includes corresponding Graph/Chart)
• Table 43: UK Property Damage Revenue Account (2000-2004): Claims Incurred (CI) in US$ Billion and Percentage Breakdown of CI by Domestic and Commercial Segments (includes corresponding Graph/Chart)
• Equalization Reserves
• A Review of Past Performance
• Property Insurance Loses Ground
• Rate Hikes Indispensable
• Intermediaries Command Distribution of Home Insurance
• Price Sensitivity of Household Insurance Premiums
• Determinants
• Trend Towards Single Adult Homes
• Brighter Prospects in the Offing
• Competition Intensifies
• SMEs Becoming Key Customers for Property & Liability Insurers

4d. Accident and Health Insurance

• Table 44: Growth of Permanent Health Insurance Policies (includes corresponding Graph/Chart)
• Health Insurance Highlights
• Critical-Illness Plan to Dominate UK Market
• Corporate Sector Holds Hope for UK' s Health Insurance Market
• Rising Private Medical Insurance Claims
• Table 45: Ratio of the UK Working Age Over Pensionable Age (includes corresponding Graph/Chart)
• The Key for Retention
• Long Term Care
• Booming Long-Term Healthcare Insurance Market in the UK
• Control of Personal Investment Authority
• Outlook
• Changes in UK Healthcare System - Impacts on Healthcare Insurance

4e. General Liability Insurance

• Types of Covers
• Table 46: Liability Account Gross Premiums Written (? Million) (includes corresponding Graph/Chart)
• Accident Insurance Market Lurking with Unlimited Liability Cover

4f. Pecuniary Loss Insurance

• Key Types
• UK Creditor Insurance Market - An Overview
• Table 47: UK Recent Past, Current & Future Analysis for Credit Insurance Market in GBP Billion for the Years 2006 through 2010 (includes corresponding Graph/Chart)
• Popularity of PPI Declines in Recent Years
• PPI Affected by Negative Adulation
• Regulatory Assessment Highlights Several Failures in Creditor Insurance Industry
• Commercial Insurance For Small Business
• Commercial General Insurance Industry in the UK to Register Robust Growth
• Direct Writers Find Favor
• Searching for More Niches
• Brokers Calling the Shots
• Soft Market Leads to Policy Changes

4g. Pet Insurance Market

• ' Dogging' the Pet Insurance Segment
• Low Costs Spur Sales
• Table 48: UK Recent Past, Current & Future Analysis for Pet Insurance Market in US$ Million at Retail Price for the Years 2006 through 2010 (includes corresponding Graph/Chart)
• Competitive Scenario
• Table 49: Leading Players in UK Pet Insurance Market (2005): Percentage Market Share by Company - Allianz Cornhill, AXA Insurance, Domestic &General, Royal &SunAlliance, Thornside, UKI Partnerships, and Others (includes corresponding Graph/Chart)
• Changing Market Conditions
• Marketing and Distribution
• Outlook

4h. Personal Lines Insurance

• Home Insurance and Motor Insurance Rake in Most Subscriptions
• Table 50: UK Insurance Industry (2004): Household Expenditure by Percentage of Households Purchasing Insurance and Annual Expenditure Per Household in ? (includes corresponding Graph/Chart)
• Key Players

5. UK - Post September 11

• London Goes the Subscription Way
• Trends in Reinsurance

6. Key Market Trends/Issues - A Historic Review

• Dismal Market Conditions
• Bad Times for Insurers?
• Soft Markets for Commercial Insurance and Reinsurance
• Consolidation in the Insurance Market
• Consolidations in the IFA Sector
• IFAs Outlook Gloomy
• Few Investors Choose to Invest in IFA' s
• Flooding: A Cause of Concern for UK Insurers
• Concentration in the Non-Life Insurance Market
• Effect of Demographic Trends on Insurance Penetration
• Table 51: Population Trends: 1990-2030 (includes corresponding Graph/Chart)
• Information Technology in Insurance
• Distribution
• Entry of Banks Into Insurance
• Table 52: Leading Bancassurers in the UK by Net Reinsurance Premium: 2000 (? Million) (includes corresponding Graph/Chart)
• Work-Site Marketing Rising to New Heights

7. Marketing Strategies

• Telemarketing in the UK Insurance Market
• Advertisements
• Direct Mail
• E-commerce & M-commerce
• Customer Relationship Management (CRM)

8. Regulatory Environment

• Insurance Industry Joins Hands with CIFAS in Fraud Fighting Initiative
• Salient Features

9. Outlook

• Future Trends

10. Market Minder: ' Past' Bites

• Per Capita Insurance Expenditure
• Table 53: Household Expenditure on Insurance by Type in the UK: 2000 (includes corresponding Graph/Chart)
• Premiums & Claims
• Table 54: UK Motor Insurance Market (2002): Risks Premium Income by Category in ? Billion (includes corresponding Graph/Chart)
• Table 55: UK Private Motor Insurance Market (2001-2002): Percentage Breakdown of Premium Income by Distribution Channels (includes corresponding Graph/Chart)
• Table 56: UK Private & Commercial Motor Insurance Market (2002)
• Table 57: Long-Term Insurance Market in UK: 2000 (? Billion) (includes corresponding Graph/Chart)
• Table 58: Gross Premiums Written for UK Property/ Casualty Insurers: 2000 & 1999 (In ? Million) (includes corresponding Graph/Chart)
• Table 59: UK Motor Insurance Business: 2000 (? Billion (includes corresponding Graph/Chart))
• Market Leaders
• Table 60: Top-Five Players in the UK Life Insurance Market (2002) - Gross Written Premium in US$ Million for Barclays, Standard Life, Norwich Union, Prudential, and Halifax (includes corresponding Graph/Chart)
• Table 61: Top-Five Players in the UK Non-Life Insurance Market (2002) - Gross Written Premium in US$ Million for Norwich Union, Royal & Sun Alliance, Zurich, AXA, and Churchill (includes corresponding Graph/Chart)
• Table 62: Leading Players in the UK Private Motor Insurance Market (2002): Companies Ranked by Gross Earned Premium in ? Million and Vehicle Exposure in ' 000 Vehicle Years (includes corresponding Graph/Chart)
• Table 63: Leading Players in the UK Commercial Motor Insurance Market (2002): Companies Ranked by Gross Earned Premium in ? Million and Vehicle Exposure in ' 000 Vehicle Years (includes corresponding Graph/Chart)
• Table 64: Leading Insurance Players in the UK (2000): Company/Group Ranked by Premiums Written in US$ billion for CGU, Royal & Sun Alliance, Guardian Royal Exchange, BUPA, Corn hill, Z.F.S. Group, Direct Line, NFU, Independent Group and GE Financial (includes corresponding Graph/Chart)
• Table 65: Leading Life Insurers in the UK by Net Reinsurance Premium: 2000 (? Million) (includes corresponding Graph/Chart)
• Investment Holdings
• Table 66: Break Up of Total Long-Term and General Insurance Investment Holdings in 2000 (? Billion) (includes corresponding Graph/Chart)

11. Review of the Sectors: Mid-90s

• Table 67: Non-Life Investments Distribution in the UK Composites Market: 1994 (includes corresponding Graph/Chart)
• Motor
• Table 68: UK Private Motor Underwriting Ratios (%) (includes corresponding Graph/Chart)
• Table 69: Premium of the Composites Under Motor: Mid-90s (? Million) (includes corresponding Graph/Chart)
• Table 70: The UK Private Motor Insurance Market: 1994-96 (? Million)
• Table 71: UK Commercial Motor Underwriting Ratios (%) (includes corresponding Graph/Chart)
• Table 72: UK Commercial Motor Gross Premiums: Mid-90s (? Million) (includes corresponding Graph/Chart)
• Table 73: Commercial Motor Premium Distribution: 1989 vs. 1993 (includes corresponding Graph/Chart)
• Property
• Table 74: UK Commercial Property (Including Other) Underwriting Ratio (%) (includes corresponding Graph/Chart)
• Table 75: Net Written Property/Casualty Premium Distribution By Line: 1994 ($ Million) (includes corresponding Graph/Chart)
• Liability
• Table 76: Breakup of Liability Among the Composites in the Mid-90s
• Table 77: Written Premiums in ? Million: 1993 (includes corresponding Graph/Chart)
• Table 78: Occupational Disease Claims in Terms of Percentage (includes corresponding Graph/Chart)
• Accident & Health
• Table 79: Pecuniary Loss - Net Premiums Written and Underwriting Results by Company (? Million)
• Life
• Table 80: Life Premiums in Total Premiums of the Composites (includes corresponding Graph/Chart)
• London - An Integral Part of the UK Insurance Industry
• Composition of the Market
• Marine & Energy Insurance Market
• Reinsurance in the London Market
• The London Market Consolidation

12. Product Innovations / Service Introductions

• Buddies Launches Discount Pet-Insurance Scheme
• Post Office Introduces New Life Insurance Policy
• Direct Line to Introduce Four New Commercial Insurance Policies
• Zurich to Re-Launch its Home Solutions Product
• Markel International Introduces Medical Malpractice Product
• Tesco Launches Cheap Health Insurance
• Hiscox Rolls Out New Insurance Policies
• Halifax Rolls Out New Insurance Product
• Sterling Life Offers Life Cover for Armed Forces
• Allianz Re-Launches Motor Trade Product
• WPA Introduces Mycancerdrugs
• Lloyds Offers Free Cover
• Groupama Re-Launches Optima Bike
• UK Post Office Launches Van Insurance
• BIBA Launches PPI Products
• BIBA Rolls Out Late-Night Entertainment Cover Product
• R&SA Offers Insurance to Renewable Energy Sector
• BUPA to Launch Space Insurance
• Swiftcover to Launch a Mobile Phone Based Service
• Norwich Union Introduces Innovative Life Insurance Coverage
• Norwich Union Introduces New Online Motor Insurance Policy
• Tesco to Provide Private Health Insurance
• Norwich Union Introduces Guaranteed Whole Life Policy
• MoreThan Provides Low-Cost Insurance to Young Motorists
• Friends Provident Provides Tax Relief With New Life Cover
• Swiftcover Expands Online Insurance Operations
• Virgin Money Introduces Cancer Insurance
• Prudential Launches PMI Policy
• ADN Unveils Novel Insurance Services for UK Auto Dealership Market

13. Product Launches in the Past

• Western Provident Association Launches Flexible Health Plan
• Norwich Union Launches Group PMI Product for Corporate Customers
• Norwich Union Introduces Future Assured Plan
• Norwich Union Releases Impaired Life Annuity Scheme
• Medicash Introduces a Healthcare Cash Plan
• Berkeley Alexander Unveils Individual Private Medical Insurance Plan
• Liverpool Victoria Introduces New Product
• AIG Europe Introduces Healthnow
• SecureHealth Introduces Options
• Royal & Sun Alliance European Life & Investments Launches Balanced Yield Fund
• Norwich Union Introduces Improved Version of Long-Term Care Insurance
• Unum Launches Improved Elixia 123
• BITA Plus Consultants Launches Risk Analysis and Reporting Service
• Hiscox Launches Online Service
• Clerical Medical International Offers New Version of CMI Premier Bond
• Profin Launches Miscellaneous E&O Policy
• "Franchised Auto Dealers" from Royal & Sun Alliance
• Willis Deploys War Risk Products
• Zurich Life Launches New Whole-Of-Life Policy
• Norwich Union Launches Garden Insurance Package
• Liverpool Victoria Launches Comprehensive Mortgage Payment Protection Insurance Plan
• Skandia Offers Two New Life Insurance Programs
• MAP Underwriting Offers Insurance Coverage for Political Violence
• Legal & General Launches New Protection Plans Under Protection Choices Brand Name
• Royal & Sun Alliance Launches New Plan for Non-Resident UK Citizens
• Royal & Sun Alliance Rewards Safe Drivers with ' More Than' Plan
• Canada Life International Adds New Features to Offshore Flexible Life Plan
• BUPA International Adds Health Care Options to Insurance Policy
• BUPA International Introduces Company First
• Miller Insurance Group Offers Stand-Alone Terrorism Insurance
• 21st Century Launches Hospital Advantage Plan
• Inreon Ltd. Launches EURO CAT
• Skandia Introduces New Plans
• Bank of Scotland Offshore Introduces Second Model of Save and Invest Product
• AA Insurance Launches Online Customer Service Package
• BUPA Creates Online Service for Complete Private Medical Insurance Cover
• Standard Life Healthcare and Policy Master Together Offer Insurance Products

14. Recent Industry Activity

• Tawa Acquires Continental Management Services
• Assurant Solutions Takes Over Centrepoint Insurance
• THB to Acquire Lloyd' s Broking Business and Overseas Interests of PWS
• AIG Takes Over Direct Travel Insurance
• AXA Acquires Davis Group
• PHP Acquires Home Counties Healthcare' s Medical Insurance Business
• Pearl Assurance Acquires Resolution
• Aviva Acquires Two Hamilton Companies and Forms New Agreements with HSBC
• Assurant' s UK Affiliate Takes Over Swansure Group
• AXA & BMPS to Form a Strategic Partnership
• AXA to Acquire Ukrainian Insurance Alliance
• AXA to Divest Dutch Insurance Operations
• HSBC Enters into Joint Venture with Aviva
• AXA and UkrSibbank to Acquire Vesko
• LV= Commences Brokerage Business
• Genworth Partners with GMAC
• Allianz Cornhill Collaborates with Game
• Asda and LifeSearch Enter into Partnership
• Aegon Scottish to Deploy Thinc' s Distribution Platform
• HSBC to Form JV with Norwich Union
• Munich Re Acquires Bell & Clements
• Aegon Enters into Distribution Pact with Dunfermline
• Skandia to Consolidate UK Businesses
• Allianz Cornhill Changes its Name to Allianz Insurance
• LV= Forms Partnership with Help the Aged
• Prudential and Discovery Forms JV
• Norwich Union Outsources Administration to Swiss Re
• AXA PPP Acquires Legal & General
• AXA to Acquire Swiftcover
• L&G and Nationwide Enters Distribution Pact
• R&SA Bags New Contract
• K Drewe and BIBA Enter into Collaboration
• Prudential to Divest Egg
• Equity and Nissan Forms Partnership
• Standard Life and Summit to Offer Cover for Climbers
• Alliance and Leicester Enters Car Insurance Business
• IAG Acquires Equity
• Beazley Snaps Up Santam Corporate
• Resolution Life to Merge Life Insurance Businesses
• Friends and Resolution Negotiate for a Prospective Merger
• Bank of Georgia Merges BCI and Aldagi
• Ariel Acquires Atrium
• Enstar Group Buys Cavell Management
• American International to Acquire Ocean Finance & Mortgages
• CIGNA Acquires Vielife
• Swiss Re bids for Prudential' s Division
• Liverpool Victoria Snaps Up ABC Insurance
• Generali to Acquire Aviva
• Abbey Exits Life Business
• Axa to Takeover Thinc Destini
• Lloyds TSB Acquires Pearl' s General Insurance Business
• Citibank to Collaborate with Legal & General to Offer Insurance
• Barclays to Sell Standard Life' s Insurance Products
• CFS Forms a New Wing for General Insurance
• AIG to Commence Bulk Annuity Operations in The UK
• Asda and Scottish Widows End Alliance
• Scottish Re to Secure a New Investment of $ 600 Million
• Oxygen Holdings Completes Acquisition of Smart & Cook
• Resolution Life Confirms Talks Related to Prospective Transactions
• Royal & SunAlliance Plans Acquisition of Martello Underwriting
• Allianz Cornhill and Argos Sign Agreement for Furniture Insurance
• Towergate Snaps Up Paymentshield
• Catlin To Acquire Wellington Underwriting
• Bank of America to Divest Premium Credit
• Berkshire Hathaway to Meet Liabilities of Lloyd
• Reliance Mutual to Acquire University Life
• Zurich to Acquire Endsleigh
• Groupma to Allow Carole Nash to Function as a Distinct Entity
• Swinton to Merge With its4me.co.uk to Boost Online Business
• Swiss Re Acquires UK GE Life Business
• Capita Life & Pensions Bags Contract from Scottish Life
• Resolution Acquires Abbey National' s Life Insurance Business
• Royal Liver to Enter Guaranteed Critical-Illness Market
• Aviva PLC Acquires RAC
• Imagine Acquires Abacus
• HCC Proposes to Buy IIG
• Beazley Group Acquires OPCI
• Merrill Lynch & Co to Acquire AMVESCAP Retirement, Inc.
• CLI Acquires Axis USA
• Health Lambert Group Sells Health Insurance Brokers
• St. Paul Sells Cassidy Davis
• American Physicians Acquires Minority Interest in Physicians Insurance Co
• British Union Purchases Amedex
• Navigators Group Acquires Lloyds Syndicate 1221
• Resolution Life' s Expansion Drive Continues
• Sainsbury' s Bank to Start Auto Insurance Business
• Prestbury Holdings to Launch General Insurance
• Benchmark Causes Vibes in Investment Property Insurance
• Primary Acquires Benchmark Management
• CDC to Purchase Saga Ltd
• Willis Group Holdings Ltd. Acquires Vision Insurance Group
• Arthur J Gallagher Acquires the Kooper Group
• Marsh Acquires the Australian Operations of Heath Lambert Group
• Capital Z Financial Services Acquires SBJ Group
• Royal & Sun alliance Divests UK Life Insurance Business to Resolution Life Group
• Crawley Warren Acquires International Space Brokers

15. Strategic Developments in the Past

• UPC Buys Sun Life' s UK Operations
• HCC Holdings Acquires Illium Insurance Group
• Hilb Rogal & Hobbs Buy Alexander Brooks & Stevens Ltd
• Norwich' s Flood Risk Mapping Holds Immense Implications for the Industry
• Gerling NCM Sets Shop in the UK
• Primary Insurance Acquires UK Insurance' s Third Party Business
• Canada Life Acquires Disability and Life Insurance Operations of Royal & Sun Alliance Insurance
• Earnest R Shaw Acquires Kendall White Millar
• HSBC Group Acquires Stake in Ping An Insurance Co.
• Aegon Acquires Stake in Wentworth Rose
• Aegon Acquires Momentum
• Aegon Acquires Advisory & Brokerage Services
• Willis Group Increases Stake in Indonesian Subsidiary
• Prudential Corp. Acquires ING Life Insurance
• Amlin Purchases Renewal Rights from AIOI Insurance Co. of Europe
• Scottish Annuity & Life Holdings Acquires World-Wide Reassurance
• Heritage Underwriting Establishes Lloyd' s Syndicate
• GE Frankona Re Establishes New Aviation Unit
• XL Capital Assurance Establishes New Subsidiary in the UK
• Aviva and UniCredito Italiano Sign Partnership Agreement with BPCI
• Aviva Signs Agreement with Unicredito Italiano
• Cazenove Investment Fund Management and AIG Life in Agreement
• Countrywide Assured Signs Agreement with Friends Provident
• Royal & Sun Alliance Sells Offshore Life Operations
• Jardine Lloyd Thompson Streamlines Business Operations
• Axa Sun Life and Clerical Medical International Refocus Operations
• Marks & Spencer Offers Pet Insurance
• Standard Life' s Stakeholder Pension Sales Slump
• Royal & Sun Alliance Buys Loss Adjustment Unit of Independent Insurance
• AXA Insurance Purchases Website of Independent Insurance
• Liverpool Victoria Acquires Permanent Insurance from EquiTableLife
• Prudential Acquires Orico Life Insurance
• Eureko Purchases Foreign and Colonial Management Ltd.
• CGNU Acquires ABN Amro Magyar Elet es Nyugdijbiztosito Reszvenytarsasag
• CGNU Acquires Insurance Division of the Development Bank of Singapore
• Vesta Insurance Group Acquires Instant Insurance Holdings and Aegis Financial
• EW Blanch, Ben field Greig Group Merge to Form Ben field Blanch
• Prudential Acquires YoungPoong Life
• Royal Sun Alliance Acquires Seguros BBV
• CPP Holdings Acquires Homecare Holdings
• Ben field Group, SG Set up Celsius Insurance
• Groupama Insurances Forms New Division
• Prudential Divests General Insurance Business to Winterthur

16. Focus on Select Players

• Abbey National PLC
• Allianz Corn hill
• Amlin PLC
• Aviva Plc - Fifth Largest Life Insurer in the World
• Britannia Life
• BUPA (British Union Provident Association)
• Direct Line Plc
• Ecclesiastical Insurance Group
• Equity Insurance Group Limited
• Groupama Insurances
• Halifax Life.
• Hiscox Ltd
• Legal & General Group Plc
• Lloyd' s of London
• Lloyds TSB Group Plc
• Lloyds TSB Life Assurance Company Limited
• Markel International Ltd.
• Nat West Life
• NFU Mutual Insurance Co.
• Prudential PLC
• Royal & Sun Alliance Insurance Group
• Scottish Widows plc
• St. Paul International Insurance Co. Ltd.
• St. Paul Travelers Insurance Company Limited
• Standard Life PLC
• The EquiTableLife Assurance Society
• Leading Brokers in UK
• HBOS PLC
• Jardine Lloyd Thompson Group Plc
• Willis Group Holdings Ltd., UK

COMPETITIVE LANDSCAPE