Market Developments in Uk Commercial General Insurance 2007

Content

• Catalyst
• Summary
• Analysis
  • Introduction
  • Total General Insurance Gwp Declined In 2006
  • The Motor Insurance Market Recorded Its Fourth Consecutive Year Of Decline
  • Property Insurance Gwp Rose Very Slightly In 2006
  • General Liability Recorded A Significant Fall In Gwp
  • Accident And Health Was The Only Business Line To Record Strong Growth
  • Pecuniary Loss Gwp Fell By 3.2%
  • The General Liability, Commercial Property, Commercial Motor And Pecuniary Loss Markets Recorded A Fall In Gwp In 2006
  • The Total General Insurance Market Moved Further Into Profit In 2006
  • The Accident And Health Market Performed Well In 2006, With Growth In Gwp And Strong Growth In Underwriting Profit
  • Individual And Group Accident And Health Gwp Grew In 2006
  • During 2006, Individual Health Gwp Growth Slowed And Premium Income Fell In The Individual Accident Sector
  • The Group Health Sector Recorded Gwp Growth Of 3.2% In 2006
  • The Accident And Health Market Witnessed Underwriting Profits Grow Substantially In 2006
  • Lloyd's And Other Non-Company Market Players Increased Their Share Of The Accident And Health Insurance Market In 2006
  • The Total General Liability Market Contracted In 2006, But It Moved Into An Underwriting Profit
  • Competitive Conditions In The Liability Market Resulted In Lower Premium Income
  • The Liability Underwriting Result Improved For A Fifth Consecutive Year In 2006, And The Market Finally Achieved Profitability
  • The Company Market Increased Its Exposure To The Liability Insurance Market In 2006 Compared To Lloyd's
  • The Motor Insurance Market Softened In 2006 However Underwriting Profits In The Commercial Sector Improved
  • Both Private And Commercial Motor Markets Contributed To The Decline In Motor Premium Income In 2006
  • Commercial Motor Insurance Premium Income Declined In 2006, Due To The Soft Market
  • Underwriting Losses Grew In The Motor Market In 2006 As Private Motor Losses Exceeded Profits In The Commercial Motor Market
  • The Commercial Motor Underwriting Result Increased In 2006
  • Lloyd's Insurers Saw Their Exposure To Motor Insurance Decrease In 2006
  • Total Pecuniary Loss Gwp Fell In 2006 With Decreases In The Personal And Commercial Sector, However Underwriting Profits Increased
  • The Pecuniary Loss Market Declined By An Estimated 3.2% In 2006
  • Pecuniary Loss Continues To Be A Profitable Line Of Business, With Profits Increasing To 691m In 2006
  • Lloyd's And Other Non-Company Market Players Increased Their Exposure To Pecuniary Loss Insurance In 2006
  • Property Gwp Fell In 2006, Led By The Soft Commercial Property Sector Where Underwriting Profits Dropped
  • Household Insurance Gwp Increased In 2006, While Commercial Property Gwp Fell
  • Property Underwriting Profits Continued To Decline During 2006 But The Market Remains Profitable
  • The Commercial Property Underwriting Result Decreased In 2006 For A Second Consecutive Year
  • Abi Members Underwrote The Vast Majority Of Property Insurance In 2006
• Appendix
  • 2005-6 Definitions For Lines Of Business
  • Accident & Health
  • Medical Expenses
  • Healthcare Cash Plan
  • Travel
  • Personal Accident Or Sickness
  • Motor
  • Total Private Motor
  • Total Commercial Motor
  • Private Motor Comprehensive
  • Private Motor Non-Comprehensive
  • Motorcycle
  • Fleets
  • Commercial Vehicles (Non-Fleet)
  • Property
  • Total Commercial Property
  • Household And Domestic All Risks.
  • Consequential Loss (I.E. Business Interruption)
  • Financial/Pecuniary Loss Business
  • Total Personal Financial Loss Business
  • Total Commercial Financial Loss Business
  • Legal Expenses
  • Fidelity And Contract Guarantee
  • Liability Business
  • Employers Liability (Including The Employers Liability Part Of Mixed Liability Packages But Excluding Mixed Commercial Packages)
  • Professional Indemnity (Including Directors' And Officers' Liability And Errors And Omissions Liability)
  • Public And Products Liability
  • Mixed Commercial Package
  • Total Personal
  • Total Commercial
  • Pre-2005 Definitions For Lines Of Business
  • Accident And Health
  • Individual Accident And Health
  • Group Accident And Health
  • General Liability
  • Motor
  • Pecuniary Loss
  • Total Pecuniary Loss Figures
  • Property
  • Premium Income Measures
  • Earned Premiums
  • Gross Premium
  • Net Premium
  • Written Premiums
  • 2005 Fsa Return Changes
  • Major Changes In Fsa Return Categories And Their Impact
  • Market Size
  • Changes In Market Size Information
  • Market Size Methodology
  • Lloyd's Players And Underwriting Result Figures
  • Competitor Data
  • Gwp Versus Gep Reporting
  • Total Personal And Total Commercial Business
  • Home-Foreign, Overseas And Facultative Reinsurance Business
  • Further Reading
  • Ask The Analyst
  • Datamonitor Consulting
  • Disclaimer
• List Of Tables
  • Table 1: Total General Insurance Gwp By Line Of Business, 2002-6
  • Table 2: Commercial General Insurance Market Gwp And Year-On-Year Growth, Split By Sector 2002-6
  • Table 3: Total General Insurance Underwriting Result, By Line Of Business, 1996-2006
  • Table 4: Accident & Health Gwp Split Between Individual And Group, 2002-6
  • Table 5: Accident And Health Gwp By Sector, 2002-6
  • Table 6: Total Accident & Health Underwriting Result, 1996-2006
  • Table 7: Accident And Health Gwp Split Between Abi Members And Lloyd's/Other, 1996-2006
  • Table 8: Uk Commercial Liability Market, 2002-06 (m)
  • Table 9: Total General Liability Underwriting Result, 1996-2006
  • Table 10: Liability Gwp Split Between Abi Members And Lloyd's/Other, 1996-2006
  • Table 11: Total Motor Market Gwp By Private And Commercial Segment, 2002-6
  • Table 12: Commercial Motor Gwp, By Line Of Business, 2002-6
  • Table 13: Total Motor Underwriting Account, 1996-2006
  • Table 14: Commercial Motor Underwriting Result, 1996-2006
  • Table 15: Motor Gwp Split Between Abi Members And Lloyd's/Other, 1996-2006
  • Table 16: Pecuniary Loss Market Gwp By Line Of Business, 2002-6
  • Table 17: Total Pecuniary Loss Underwriting Account, 1996-2006
  • Table 18: Pecuniary Loss Gwp Split Between Abi Members And Lloyd's/Other, 1996-2006
  • Table 19: Property Insurance Gwp Split Between Household And Commercial Business, 2002-6
  • Table 20: Total Property Underwriting Account, 1996-2006
  • Table 21: Commercial Property Underwriting Result, 1996-2006
  • Table 22: Property Gwp Split Between Abi Members And Lloyd's/Other, 1996-2006
• List Of Figures
  • Figure 1: General Insurance Gwp Declined In 2006
  • Figure 2: The General Liability, Commercial Property And Commercial Motor Markets Recorded A Fall In Gwp In 2006
  • Figure 3: The Total General Insurance Market Moved Further Into Profit In 2006
  • Figure 4: Growth In The Individual Accident And Health Sector Slowed In 2005 And 2006
  • Figure 5: During 2006, Individual Health Gwp Growth Slowed And Premium Income Fell In The Individual Accident Sector
  • Figure 6: Growth In Profitability Returned To The Accident And Health Market In 2006
  • Figure 7: Lloyd's And Other Non-Company Market Players Increased Their Share Of The Uk Accident And Health Insurance Market In 2006
  • Figure 8: Falling Premium Rates In Most Liability Lines Meant Lower Gwp Across The Liability Market
  • Figure 9: The Total General Liability Underwriting Result Increased In 2006
  • Figure 10: The Company Market, Lloyd's And Other Non-Company Market Players All Saw Liability Insurance Gwp Decline In 2006
  • Figure 11: Both The Private And Commercial Motor Markets Declined In 2006
  • Figure 12: The Decline In Commercial Motor Income Was The Result Of Reductions In Both Fleet And Commercial Vehicle Insurance
  • Figure 13: The Motor Insurance Market Continued To Make An Underwriting Loss In 2006
  • Figure 14: The Commercial Motor Underwriting Result Increased In 2006
  • Figure 15: Lloyd's Insurers Saw Their Exposure To Motor Insurance Decrease In 2006
  • Figure 16: The Pecuniary Loss Market Saw Its Underwriting Profit Increase In 2006
  • Figure 17: Lloyd's And Other Non-Company Market Players Increased Their Exposure To Pecuniary Loss Insurance In 2006
  • Figure 18: Household Insurance Gwp Increased In 2006, While Commercial Property Gwp Fell
  • Figure 19: Property Insurance Underwriting Profits Fell In 2006 To 517m
  • Figure 20: The Commercial Property Underwriting Result Decreased In 2006
  • Figure 21: The Company Market Underwrote The Vast Majority Of Property Insurance In 2006