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市場調查報告書

英國的商業用財產保險市場:主要趨勢和機會

Commercial Property Insurance in the UK - Key Trends and Opportunities to 2017

出版商 Timetric 商品編碼 294172
出版日期 內容資訊 英文 66 Pages
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英國的商業用財產保險市場:主要趨勢和機會 Commercial Property Insurance in the UK - Key Trends and Opportunities to 2017
出版日期: 2014年01月17日 內容資訊: 英文 66 Pages
簡介

商業用財產保險部門的整體保險費收入,在2008年∼2012年以CAGR6.79%成長。保險費在2012年以6.8%的年率增加,總額67億英鎊,達到了5年間最高水準。

本報告提供英國的商業用財產保險市場相關調查分析、市場分析、市場規模、推動市場要素及預測、通路相關資訊、主要交易、最新趨勢、法規趨勢,再加上主要企業簡介等,為您概述為以下內容。

第1章 摘要整理

第2章 簡介

第3章 市場分析

  • 市場規模
  • 保險申請
  • 推動市場要素
  • 市場預測
  • 通路

第4章 競爭情形

  • 投資收益
  • 檢驗:前幾名企業
  • 商品的技術創新
  • SWOT分析

第5章 波特的五力分析

  • 供應商談判力:低
  • 買主談判力:中
  • 進入障礙:中
  • 企業間競爭:中∼高
  • 替代商品的威脅:低

第6章 交易

第7章 最新趨勢

第8章 法規與合法性

  • 即將到來的法規

第9章 宏觀經濟的背景

  • 實質GDP成長率
  • 市場趨勢
  • 民間部門的融資
  • 利率
  • 產業人口統計

第10章 企業簡介

  • 調查項目:企業概要、主要產品、競爭企業、員工等
    • ACE European Group Ltd.
    • Allianz Insurance Plc
    • Aviva Plc
    • Axa UK Plc
    • FM Insurance Company Ltd.
    • Great Lakes Reinsurance (UK) Plc
    • QBE Insurance (Europe) Ltd.
    • Royal & Sun Alliance Insurance Plc
    • XL Group Plc
    • Zurich Insurance Plc

第11章 統計

  • 實際成果
  • 預測

第12章 附錄

圖表

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目錄
Product Code: FS0110MRV

The report provides market analysis, information and insights into the UK commercial property insurance business.

It provides a snapshot of market's size and segmentation.

It offers a comprehensive analysis of claims, drivers and market outlook.

It analyzes distribution channels.

It details deals, news and regulatory developments.

Summary

Gross written premiums in the commercial property insurance category recorded sustained growth throughout the review period (2008-2012), rising at a compound annual growth rate (CAGR) of 6.79%. Premiums increased at an annual rate of 6.8% in 2012, reaching a total of GBP6.72 billion; the highest level in five years.

Commercial property insurance claims paid declined by 5.5% in 2012, but this belies the rapid growth recorded since 2008. Payouts rose at a CAGR of 57.29% over the five years to 2012, while claims incurred increased at a CAGR of 28.61% during the same period. The UK has experienced frequent flooding since 2000, including two of the wettest years on record since 2008.

Despite weakness in the commercial construction market and flagging business sentiment due to poor economic conditions, the rise in premiums was driven by high claims related to severe weather and instances of civil unrest. Tentative economic recovery and improving business conditions drove growth towards the end of the review period.

A large claims burden, limited investment returns due to the UK's low interest rate environment, and rising expenses have hindered the profitability of insurers in the category. A combined operating ratio of 111.8% was registered in 2012. Although it exceeds the 100% breakeven threshold, it marks an improvement on profitability levels recorded during 2008-2010.

Following the expiry of the Statement of Principles in June 2013, Flood Re was established by the government and the insurance industry. Unlike its predecessor, Flood Re excludes small businesses from guaranteed flood insurance at affordable prices, and will result in upward pressure on costs and premiums for insurers and their commercial customers.

Despite downside forces, growth in commercial property gross written premiums will prevail over the forecast period (2013-2017) as the economic recovery gains traction, business confidence improves and commercial construction activity increases. Premiums are expected to rise to GBP8.22 billion in 2017, representative of a CAGR of 4.34% over the five years from 2013.

Scope

  • This report provides market analysis, information and insights into the UK commercial property insurance business
  • It provides a global snapshot of market size
  • It analyses drivers and the outlook for the market
  • It provides information on distribution channels
  • It covers deals, news and regulatory developments

Reasons To Buy

  • Gain an understanding of the UK commercial property insurance market size
  • Learn about the performance of market drivers and distribution channels
  • Understand the competitive landscape in terms of performance, profitability and product innovation
  • Find out more on key deals and recent developments in the market

Table of Contents

1. Executive Summary

2. Introduction

  • 2.1. What is this Report About?
  • 2.2. Definitions
  • 2.3. Methodology

3. Market Analysis

  • 3.1. Market Size
    • 3.1.1. Commercial property
    • 3.1.2. Consequential loss
    • 3.1.3. Contractors or engineering risks
    • 3.1.4. Penetration and density
  • 3.2. Claims
    • 3.2.1. Claims review
    • 3.2.2. Claims outlook
  • 3.3. Market Drivers
  • 3.4. Market Outlook
  • 3.5. Distribution Channels
    • 3.5.1. Distribution outlook
  • 3.6. Reinsurance

4. Competitive Landscape

  • 4.1. Profitability
    • 4.1.1. Investment returns
    • 4.1.2. Profitability outlook
  • 4.2. Review. The Best Performers of 2012
  • 4.3. Product Innovation
  • 4.4. Commercial Property Insurance. SWOT Analysis

5. Porter's Five Forces Analysis

  • 5.1. Bargaining Power of Suppliers: Low
  • 5.2. Bargaining Power of Buyers: Medium
  • 5.3. Barriers to Entry: Medium
  • 5.4. Intensity of Rivalry: Medium to High
  • 5.5. Threat of Substitution: Low

6. Deals

  • 6.1. Towergate Sells Commercial Property Division
  • 6.2. Aviva Joins the PowerPlace Panel for Commercial Property
  • 6.3. Covea Extends Deal with Risk Control Firm
  • 6.4. Insurers Move Into Takaful
  • 6.5. QBE Becomes Sole Capacity Provider for Wholesale Broker

7. News

  • 7.1. BIBA Flags Concerns over Flood Re
  • 7.2. FM Global Named Best Commercial Property Insurer
  • 7.3. FM Global's Risk Innovation
  • 7.4. Increase in Commercial Property Insurance Complaints
  • 7.5. Axa Survey Reveals Gaps in the Market

8. Regulation and Compliance

  • 8.1. Upcoming Regulations
    • 8.1.1. Flood Re
    • 8.1.2. Review of the Riot (Damages) Act
    • 8.1.3. Solvency II

9. Macroeconomic Backdrop

  • 9.1. Real GDP Growth
  • 9.2. Commercial Property Market Dynamics
  • 9.3. Private Sector Lending
  • 9.4. Interest Rates
  • 9.5. Business Demographics

10. Company Profiles

  • 10.1. ACE European Group Ltd. Company Overview
    • 10.1.1. ACE European Group Ltd. key facts
    • 10.1.2. ACE European Group Ltd. main products
    • 10.1.3. ACE European Group Ltd. main competitors
    • 10.1.4. ACE European Group Ltd. key employees
  • 10.2. Allianz Insurance Plc. Company Overview
    • 10.2.1. Allianz Insurance Plc. key facts
    • 10.2.2. Allianz Insurance Plc. main products
    • 10.2.3. Allianz Insurance Plc. main competitors
    • 10.2.4. Allianz Insurance Plc. key employees
  • 10.3. Aviva Plc. Company Overview
    • 10.3.1. Aviva Plc. key facts
    • 10.3.2. Aviva Plc. main products
    • 10.3.3. Aviva Plc. main competitors
    • 10.3.4. Aviva Plc. key employees
  • 10.4. Axa UK Plc. Company Overview
    • 10.4.1. Axa UK Plc. key facts
    • 10.4.2. Axa UK Plc. main products
    • 10.4.3. Axa UK Plc. main competitors
    • 10.4.4. Axa UK Plc. key employees
  • 10.5. FM Insurance Company Ltd. Company Overview
    • 10.5.1. FM Insurance Company Ltd. key facts
    • 10.5.2. FM Insurance Company Ltd. main products
    • 10.5.3. FM Insurance Company Ltd. main competitors
    • 10.5.4. FM Insurance Company Ltd. key employees
  • 10.6. Great Lakes Reinsurance (UK) Plc. Company Overview
    • 10.6.1. Great Lakes Reinsurance (UK) Plc. key facts
    • 10.6.2. Great Lakes Reinsurance (UK) Plc. main products
    • 10.6.3. Great Lakes Reinsurance (UK) Plc. main competitors
    • 10.6.4. Great Lakes Reinsurance (UK) Plc. key employees
  • 10.7. QBE Insurance (Europe) Ltd. Company Overview
    • 10.7.1. QBE Insurance (Europe) Ltd. key facts
    • 10.7.2. QBE Insurance (Europe) Ltd. main products
    • 10.7.3. QBE Insurance (Europe) Ltd. main competitors
    • 10.7.4. QBE Insurance (Europe) Ltd. key employees
  • 10.8. Royal. Sun Alliance Insurance Plc. Company Overview
    • 10.8.1. Royal. Sun Alliance Insurance Plc. key facts
    • 10.8.2. Royal. Sun Alliance Insurance Plc. main products
    • 10.8.3. Royal. Sun Alliance Insurance Plc. main competitors
    • 10.8.4. Royal. Sun Alliance Insurance Plc. key employees
  • 10.9. XL Group Plc. Company Overview
    • 10.9.1. XL Group Plc. key facts
    • 10.9.2. XL Group Plc. main products
    • 10.9.3. XL Group Plc. main competitors
    • 10.9.4. XL Group Plc. key employees
  • 10.10. Zurich Insurance Plc. Company Overview
    • 10.10.1. Zurich Insurance Plc. key facts
    • 10.10.2. Zurich Insurance Plc. main products
    • 10.10.3. Zurich Insurance Plc. main competitors
    • 10.10.4. Zurich Insurance Plc. key employees

11. Statistics

  • 11.1. Review Period: 2008-2012
  • 11.2. Forecast Period: 2013-2017

12. Appendix

  • 12.1. Methodology
  • 12.2. Contact Timetric
  • 12.3. About Timetric
  • 12.4. Timetric's Services
  • 12.5. Disclaimer

List of Tables

  • Table 1: Insurance Industry Definitions
  • Table 2: UK Commercial Property Insurance - Market Summary (GBP Thousand), 2008-2012
  • Table 3: UK Commercial Property Insurance - Market SWOT Analysis
  • Table 4: Recent and Upcoming Regulatory Changes
  • Table 5: ACE European Group Ltd, Key Facts
  • Table 6: ACE European Group Ltd, Main Products
  • Table 7: ACE European Group Ltd, Key Employees
  • Table 8: Allianz Insurance Plc, Key Facts
  • Table 9: Allianz Insurance Plc, Main Products
  • Table 10: Allianz Insurance Plc, Key Employees
  • Table 11: Aviva Plc, Key Facts
  • Table 12: Aviva Plc, Main Products
  • Table 13: Aviva Plc, Key Employees
  • Table 14: Axa UK Plc, Key Facts
  • Table 15: Axa UK Plc, Main Products
  • Table 16: Axa UK Plc, Key Employees
  • Table 17: FM Insurance Company Ltd, Key Facts
  • Table 18: FM Insurance Company Ltd, Main Products
  • Table 19: FM Insurance Company Ltd, Key Employees
  • Table 20: Great Lakes Reinsurance (UK) Plc, Key Facts
  • Table 21: Great Lakes Reinsurance (UK) Plc, Main Products
  • Table 22: Great Lakes Reinsurance (UK) Plc, Key Employees
  • Table 23: QBE Insurance (Europe) Ltd, Key Facts
  • Table 24: QBE Insurance (Europe) Ltd, Main Products
  • Table 25: QBE Insurance (Europe) Ltd, Key Employees
  • Table 26: Royal & Sun Alliance Insurance Plc, Key Facts
  • Table 27: Royal & Sun Alliance Insurance Plc, Main Products
  • Table 28: Royal & Sun Alliance Insurance Plc, Key Employees
  • Table 29: XL Group Plc, Key Facts
  • Table 30: XL Group Plc, Main Products
  • Table 31: XL Group Plc, Key Employees
  • Table 32: Zurich Insurance Plc, Key Facts
  • Table 33: Zurich Insurance Plc, Main Products
  • Table 34: Zurich Insurance Plc, Key Employees
  • Table 35: Commercial Property Insurance (GBP Thousand), 2008-2012
  • Table 36: Commercial Property Insurance (GBP Thousand), 2013-2017

List of Figures

  • Figure 1: UK Commercial Property Insurance - Gross Written Premiums (GBP), 2008-2012
  • Figure 2: Commercial Property Gross Written Premiums (GBP), 2008-2012
  • Figure 3: Consequential Loss Gross Written Premiums (GBP), 2008-2012
  • Figure 4: Contractors or Engineering Risks Gross Written Premiums (GBP), 2008-2012
  • Figure 5: UK Commercial Property Insurance - Penetration Rate (%) and Density (GBP), 2008-2012
  • Figure 6: UK Commercial Property Insurance - Net Claims Paid and Incurred (GBP), 2008-2012
  • Figure 7: Crime Against Business, 2002 and 2012
  • Figure 8: UK Business Investment Growth, 2004-2012
  • Figure 9: UK Commercial Property Insurance - Gross Written Premiums Forecast (GBP) 2013-2017
  • Figure 10: Commissions Paid by UK Commercial Property Insurers (GBP), 2008-2012
  • Figure 11: UK Commercial Property Insurance - Reinsurance Ceded (GBP Million), 2008-2012
  • Figure 12: Combined Operating Ratio for Total UK Commercial Property Insurance (%)
  • Figure 13: Loss and Expenses Ratios for UK Commercial Property Insurance Business (%), 2008-2012
  • Figure 14: UK Inflation - Construction and Repair Costs (%), 2004-2012
  • Figure 15: Market Shares of the 10-Leading UK Commercial Property Insurers (%) in 2012
  • Figure 16: UK Commercial Property Insurance - Five Forces Analysis
  • Figure 17: The UK's Insurance Regulatory Framework
  • Figure 18: Real GDP Growth (%), 2008-2017
  • Figure 19: Growth in Commercial Construction, 2004-2012
  • Figure 20: UK - Commercial Floor Space, 2004-2012
  • Figure 21: UK - Growth in Net Lending, 2005-2012
  • Figure 22: UK - Number of Private Sector Businesses, 2004-2013
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