Uk Commercial Insurance Distribution 2010
UK Commercial Insurance Distribution 2010
This report gives a comprehensive analysis of distribution in the UK commercial insurance market. It explores issues including the growth of direct insurers in commercial insurance and the acquisitions occurring between commercial insurance brokers. The report also includes data and insight on SMEs' purchasing behavior, broker consolidation and the latest activity of the managing general agents. ( http://www.bharatbook.com/detail.asp?id=9542&rt=UK-Commercial-Insurance-Distribution-2010.html )
Scope
* Insight into the latest issues affecting the commercial insurance market and the impact these are having on distribution.
* The latest data on SMEs' purchasing behavior, managing general agents and broker consolidation in the UK commercial insurance market.
* The latest data on the size of the commercial insurance market and GWP splits by distribution channel.
* Forecasts up to 2014 of the market share of different channels in the UK commercial insurance space.
Highlights
SMEs have been generally loyal to their commercial insurance providers, most commonly maintaining the relationship for two to five years. However, SMEs were perhaps expectedly motivated to stay or leave their provider according to price, implying a high level of potential churn in that sector.
For the past year, broker networks have continued to acquire regional brokers in a bid to increase their market share and improve their regional coverage. According to commercial insurance broker survey, 45.7% of commercial brokers are part of a broker network or club.
A number of insurers withdrew capacity from managing general agents (MGAs) in H1 2009 but the total number of MGAs is set to increase. The cost efficiency and penetration into niche markets are benefits many insurers are keen to exploit and as such major players such as Giles have been forming new MGAs.
Reasons to Purchase
* Understand issues affecting the commercial insurance market such as the promiscuity of SMEs, potential growth of MGAs and channel preferences.
* Understand the future level of consolidation in the sector and the companies which are most likely to drive this consolidation.
* Gain insight into the prevalent broker network model, factors driving the model and why the direct and affinity channels are of increasing importance.
For more information kindly visit : http://www.bharatbook.com/detail.asp?id=9542&rt=UK-Commercial-Insurance-Distribution-2010.html
Related Reports
UK Commercial Insurance Broker Survey - March 2009
http://www.bharatbook.com/detail.asp?id=129640&rt=UK-Commercial-Insurance-Broker-Survey-March-2009.html
UK Commercial General Insurance 2008
http://www.bharatbook.com/detail.asp?id=98553&rt=UK-Commercial-General-Insurance-2008.html
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