• PDF: Delivered by email usually within 4 to 8 UK business hours.
  • PRINT/CD-ROM: Despatched within 1 to 2 working days.

HBOS
UK Personal General Insurance Competitor Profile 2006

  • Publication Date:January 2007
  • Publisher:Datamonitor
  • Product Type: Report
  • Pages:44

HBOS UK Personal General Insurance Competitor Profile 2006

Introduction

This profile contains an overview of HBOS' personal general insurance business in the UK, focusing on product and distribution strategy, in addition to the company's performance in its key lines of business.

Scope

  • Unique data on HBOS's UK personal insurance business, including premium income and performance ratios
  • A combination of primary and secondary research, including FSA Returns, investor relations analysis, and advertising statistics

Highlights

HBOS has stated its intention to exploit increased churn in the motor market. HBOS management believe that a greater proportion of motor policyholders will shop around as private motor rates increase and that its Esure, Shelia's Wheels, Sainsbury's and Halifax brands will be well positioned to capitalize on this increased churn

Reasons to Purchase

  • Gain insight into HBOS's corporate and personal lines strategy, along with the insurer's structure and focus
  • Understand HBOS's personal lines business through unique data and analysis
  • Chapter 1 Introduction
    • What is this report about?
    • Who is the target reader?
    • How to use this report
  • Chapter 2 Hbos: Uk Personal General Insurance Competitor Profile
    • HBOS Insurance trades under a number of subsidiaries and is part of the HBOS Group
    • HBOS General Insurance is part of the HBOS Group
    • HBOS General Insurance trades and underwrites through a number of subsidiaries
    • HBOS pursues a multi-brand strategy
    • HBOS is a personal lines only underwriter, operating largely thorugh Esure and St. Andrew's
    • St. Andrew's home insurance growth has far exceeded that of the overall market
    • As a relatively new player, Esure has recorded very high growth levels in personal insurance
    • St. Andrew's household insurance business has grown significantly since HBOS brought underwriting in-house
    • Esure's private motor book grew rapidly between 2001-5, and household is also starting to pick up
    • First Alternative grew significantly in the private motor insurance market between 2003 and 2005
    • HBOS general insurance's underlying profits grew in 2005, reflecting an increase in business volume
    • 2006 interim results show that HBOS's household GWP grew but repayment and motor insurance GWP declined
    • HBOS's distribution strategy focuses on the use of multiple brands and high-profile advertising, to achieve direct and branch network sales
    • HBOS operates a multi-brand distribution stragety
    • HBOS's general insurance subsidiaries focused on using TV and direct mailing advertising to promote home and motor products
    • Halifax spent the vast majority of its budget on advertising household insurance via direct mail in 2005
    • Halifax largely targeted existing HBOS customers with direct mail in 2005
    • First Alternative relied on TV and direct mail when advertising in 2005
    • Going forward HBOS is hoping to expand its household and motor books
    • HBOS sees room for expansion in the household market
    • In motor insurance, HBOS is looking to expand its routes to market and exploit churn
    • HBOS is targeting growth in the home, repayment and motor markets, and hopes to increase penetration among existing Group customers
    • An estimated 15 million HBOS customers do not have an HBOS insurance or investment product
  • Chapter 3 Appendix
    • Methodology
    • Competitor data
    • Market size
    • 2005 definitions for lines of business
    • Accident & health
    • Motor
    • Property
    • Financial/Pecuniary loss business
    • Total personal
    • Total commercial
    • Ratio analysis by competitor
    • Premium income measures
    • Current readings
    • Future readings
    • Do you need more information?
    • Datamonitor Financial Services Consulting
    • SPP writing team
  • List Of Tables
    • Table 1: HBOS General Insurance GWP, 2004-5
    • Table 2: HBOS policies in force, 2004-5
    • Table 3: Split between personal and commercial business for St. Andrew's, Esure and First Alternative, 2005
    • Table 5: St. Andrew's growth rate and share of personal GWP by selected line of business compared to the market, 2005
    • Table 4: Esure's growth rate and share of personal GWP by selected line of business compared to the market, 2005
    • Table 8: St. Andrew's personal lines premium income split by line of business, 2001-5
    • Table 9: Key statistics relating to St. Andrew's, 2001-5
    • Table 6: Esure's personal lines premium income split by line of business, 2001-5
    • Table 7: Key statistics relating to Esure's personal lines book, 2001-5
    • Table 10: First Alternative's personal lines premium income split by line of business, 2001-5
    • Table 11: Key statistics relating to First Alternative, 2001-5
    • Table 12: HBOS General Insurance's underlying profits, 2004-5
    • Table 13: HBOS General Insurance GWP, H1 2005 to H1 2006
    • Table 14: Esure's advertising spend, by medium and product, 2005
    • Table 15: Halifax's advertising spend, by product and by medium, 2005
    • Table 16: First Alternative's advertising spend, by product and medium, 2005
  • List Of Figures
    • Figure 1: HBOS plc consists of four subsidiaries
    • Figure 2: HBOS sells a number of different personal lines insurance products via a variety of brands
    • Figure 4: St. Andrew's home insurance growth has far exceeded that of the overall market
    • Figure 3: Esure's motor and household accounts have grown faster than the overall respective markets between 2001-5
    • Figure 6: St. Andrew's Household business has grown vastly since HBOS brought underwriting in-house
    • Figure 5: Esure's private motor book grew rapidly between 2001 and 2005
    • Figure 7: First Alternative's private motor GEP/GWP has grown significantly since 2003
    • Figure 8: HBOS General Insurance saw an increase in both income and operating expenses in 2005, with an overall rise in profits
    • Figure 9: HBOS's 2006 interim results show that household GWP grew, while repayment insurance declined
    • Figure 10: Esure spent the majority of its advertising budget on promoting its insurance range in 2005
    • Figure 11: Esure spent 51.2 per cent of its budget on TV advertising in 2005
    • Figure 12: Halifax focused on promoting its household insurance product in 2005
    • Figure 13: Halifax spent the vast majority of its budget on direct mail advertising in 2005
    • Figure 14: First Alternative relied on TV and direct mail when advertising in 2005
+44 20 8816 8548

Ask a question about HBOS

Enter the characters you see in the picture below
Captcha