UK Commercial Property Insurance Industry @

1. Commercial Property Insurance in the UK - Key Trends and Opportunities to 2017
Synopsis
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
Key Highlights
Premium growth was maintained in 2012 Commercial property insurance payouts have surged High claims led insurers to raise rates Profitability has been
elusive Insurers will face headwinds following legislative changes Moderate growth in gross written premiums is expected
table Of Content
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
Commercial Property Insurance in the UK - Key Trends and Opportunities to 2017

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

3. 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
ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your
research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and
across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an
informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.
Contact:
M/s Sheela,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-997-4948
Email: sales@researchmoz.us
Website: http://www.researchmoz.us/
Commercial Property Insurance in the UK - Key Trends and Opportunities to 2017