Market Developments in Uk Personal General Insurance 2007

Publication Date	December 2007
Publisher	Datamonitor
Product Type	Report
Pages	44
ISBN Number	not applicable
Product Code	DAT09119

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Summary

Introduction

The report analyzes the performance of the personal general insurance sector, providing data on market sizes and profitability for individual accident and health, private motor, personal pecuniary loss and household.

Scope

Information on premium income and underwriting profitability for the main personal insurance lines
Individual accident and health, household, private motor and personal pecuniary loss insurance

Highlights

Looking specifically at personal lines, the individual accident and health and household markets grew in 2006, while the private motor and pecuniary loss insurance markets contracted. The former markets grew by 3.4% in GWP terms, with the latter two markets declining by 0.9% and 3.2%, respectively.

Reasons to Purchase

Access information on the performance of the market in terms of GWP and profitability
Develop your future business plans using this market sizing information

Content

Catalyst
Summary
- 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 Individual Accident And Health And Household Insurance Markets Grew 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
- The Uk Motor Insurance Market Continued To Contract In 2006 With Underwriting Losses In The Private Motor Market Deteriorating
- Both Private And Commercial Motor Markets Contributed To The Decline In Motor Premium Income In 2006
- Comprehensive Private Motor Premium Led The Deterioration In Private Motor Insurance Premium Income
- Underwriting Losses Grew In The Motor Market In 2006 As Private Motor Losses Exceeded Profits In The Commercial Motor Market
- Total Underwriting Loss In The Private Motor Market Reached 448m 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
- Household Gwp Increase In 2006 Yet Underwriting Profits Fell As Claims Costs Increased
- Household Insurance Gwp Increased In 2006, While Commercial Property Gwp Fell
- Property Underwriting Profits Continued To Decline During 2006 But The Market Remains Profitable
- Household Underwriting Profits Decreased Significantly In 2006 As Total Outgoings Rose
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: Personal Gwp Split By Line Of Business, 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: Total Motor Market Gwp By Private And Commercial Segment, 2002-6
- Table 8: Private Motor Insurance Premium Income By Line Of Business 2002-6
- Table 9: Total Motor Underwriting Account, 1996-2006
- Table 10: Total Private Motor Underwriting Account, 1996-2006
- Table 11: Pecuniary Loss Market Gwp By Line Of Business, 2002-6
- Table 12: Total Pecuniary Loss Underwriting Account, 1996-2006
- Table 13: Property Insurance Gwp Split Between Household And Commercial Business, 2002-6
- Table 14: Total Property Underwriting Account, 1996-2006
- Table 15: Total Household Underwriting Account, 1996-2006
List Of Figures
- Figure 1: General Insurance Gwp Declined In 2006
- Figure 2: Private Motor Continued To Decline, While Household And Individual Accident And Health Achieved Growth 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: Both The Private And Commercial Motor Markets Declined In 2006
- Figure 8: Both Of The Main Private Motor Lines Declined In 2006
- Figure 9: The Motor Insurance Market Continued To Make An Underwriting Loss In 2006
- Figure 10: The Private Motor Market Made An Underwriting Loss Of 448m In 2006
- Figure 11: The Pecuniary Loss Market Saw Its Underwriting Profit Increase In 2006
- Figure 12: Household Insurance Gwp Increased In 2006, While Commercial Property Gwp Fell
- Figure 13: Property Insurance Underwriting Profits Fell In 2006 To 517m
- Figure 14: Household Underwriting Profits Fell Dramatically During 2006