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Landlord Insurance in the UK - Key Trends and Opportunities to 2017 Research Report
M2 - Thu Feb 13, 3:05AM CST
Research and Markets (http://www.researchandmarkets.com/research/jjkwsc/landlord) has announced the addition of the "Landlord Insurance in the UK - Key Trends and Opportunities to 2017" report to their offering. The UK landlord insurance category is estimated to have generated GBP2.51 billion in gross written premiums in 2012, and accounted for 7.3% of the country's non-life insurance segment. Landlord policies cover the financial risks related to renting out a residential or commercial property, including damage to buildings or contents, loss of rent and public liability. Growth in the category was maintained during the recession and economic weakness during 2008-2011, as a sluggish housing market triggered an increase in properties occupied on a rental basis. This signaled the reversal of a post-war trend towards property ownership, with close to 35% of properties rented through private or social housing landlords in 2012. This marked a five percentage-point increase from 2000 alone. In addition to the subdued economic backdrop fueling a shift towards rented accommodation, it is also likely to have increased demand for landlord insurance due to greater risk aversion, a larger number of homeowners choosing to rent out property rather than sell at reduced prices, unemployment stoking a rise in the number of tenants in rent arrears, pessimistic businesses reducing their commitment to long commercial leases, and a rise in adverse weather-related incidents. Opportunities exist to develop the category during the forecast period. Insurer-led market surveys have found that customers are under-informed about the insurance cover required for landlords, with up to a quarter of residential landlords opting to purchase a standard home insurance policy. Switching policyholders to appropriate landlord insurance policies presents a large growth potential for premiums in the category. Looser credit conditions and an increase in buy-to-let lending suggest additional favorable forces. The outlook for the availability of flood insurance is clouded by uncertainty. Following the shift from the Statement of Principles to the industry and government Flood Re proposal, it has been confirmed that affordable flooding insurance will only be guaranteed for resident homeowners. Consequently, insurance premiums for landlords of both residential and commercial property are expected to face significant upside pressure over the forecast period. Industry associations estimate that the number of properties affected could be as high as 1 million. Scope - This report provides market analysis, information and insights into the UK landlord insurance business - It provides a snapshot of the market size - It analyzes drivers and the outlook for the market - It provides information on distribution channels - It covers deals, news and regulatory developments Key Topics Covered: Executive Summary Introduction Market Analysis Competitive Landscape Porter's Five Forces Analysis Deals News Regulation and Compliance Macroeconomic Backdrop Company Profiles Appendix List of Tables List of Figures Companies Mentioned - Allianz Insurance Plc - Aviva Plc - Axa UK Plc - Catlin Insurance Company (UK) Ltd - Direct Line Insurance Group Plc - Ecclesiastical Insurance Office Plc - FM Insurance Company Ltd - QBE Insurance (Europe) Ltd - Royal & Sun Alliance Insurance Plc - Zurich Insurance Plc For more information visit http://www.researchandmarkets.com/research/jjkwsc/landlord About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
UK Pet Insurance Market to Post 11.3% CAGR Through 2017, States Timetric in Its New Report Available at MarketPublishers.com
PRWeb - Wed Oct 23, 12:35PM CDT
Between 2008 and 2012, gross written premiums in the pet insurance sector in the UK increased by over 35%, making it the most rapidly growing category within the insurance market. The growth in the sector is spurred by ongoing advances in veterinary care and increasing veterinary fees. In 2012, around half of all households in the UK owned at least one pet. In spite of the country's economic recession along with the squeeze on household incomes, the demand for pet insurance remained high in 2008-2012. During the same period, veterinary expenditures per household in the country grew by just over 22%. With market penetration remaining low, the national pet insurance market has a huge potential for the providers of new products. The national pet insurance market is likely to grow at a CAGR of 11.3% through 2017.
UK - Top 10 Non-Life Insurers - Company Intelligence Report
M2 - Tue Oct 22, 3:27AM CDT
Research and Markets (http://www.researchandmarkets.com/research/zfj3pk/uk_top_10) has announced the addition of the "UK - Top 10 Non-Life Insurers - Company Intelligence Report" report to their offering. The 10 largest non-life insurers in the UK recorded gross written premiums totaling GBP26.58 billion in 2012. This accounted for 70.9% of the GBP37.48 billion total segment, a share which rose marginally from 70.1% in 2011. Scope - The report provides market analysis, information and insights into the UK's largest non-life insurers - It profiles company size, market shares, products and brands - Comprehensive analysis of market drivers and market outlook - Analysis of company strategy - Deals, news, acquisitions and regulatory developments Reasons To Buy - Gain an understanding of UK non-life insurance market size and market shares - Learn about the performance of market drivers and distribution channels - Understand and benchmark the competitive landscape in terms of performance, profitability, strategy and product innovation - Find out more on key deals and recent developments in the non-life insurance industry in the UK Key Highlights - The 10 largest non-life insurers in the UK recorded gross written premiums totaling GBP26.58 billion in 2012. - This accounted for 70.9% of the GBP37.48 billion total segment, a share which rose marginally from 70.1% in 2011. Key Topics Covered: 1 UK Rankings 2 Aviva Plc 3 RSA Insurance Group Plc 4 Direct Line Insurance Group Plc 5 Axa Insurance UKPlc 6 AIG Europe Ltd 7 ACE European Group Ltd 8 Allianz Insurance Plc 9 Zurich Insurance Plc 10 QBE European Operations Plc 11 National Farmers Union Mutual Insurance Society 12 Appendix Companies Mentioned - Aviva Plc - RSA Insurance Group Plc - Direct Line Insurance Group Plc - Axa Insurance UK Plc - AIG Europe Ltd - ACE European Group Ltd - Allianz Insurance Plc - Zurich Insurance Plc - QBE European Operations Plc - National Farmers Union Mutual Insurance Society For more information visit http://www.researchandmarkets.com/research/zfj3pk/uk_top_10
Pet Insurance in the UK to 2017
M2 - Mon Oct 14, 10:23AM CDT
Research and Markets (http://www.researchandmarkets.com/research/bj7754/pet_insurance_in) has announced the addition of the "Pet Insurance in the UK, Key Trends and Opportunities to 2017" report to their offering. Gross written premiums in the pet insurance category grew by 35.5% in absolute terms during the review period (2008-2012), making it the fastest-growing category of insurance sales. The category's expansion was promoted by rising veterinary fees and advances in veterinary treatment. Despite the recessionary environment and the squeeze on household incomes, demand for pet insurance remained strong during the review period. Lifestyle changes and an increase in the number of smaller households have made it more difficult to own a pet, but almost half of all UK households owned at least one pet in 2012. Household expenditure on veterinary care rose by 22.2% during the review period. Despite fast growth, pet insurance market penetration remained low, with approximately 46% of dogs and 66% of cats left uninsured in 2012, resulting in huge potential for new product providers. Key Highlights - Aviva Now Underwrites Pet Insurance Policies Itself - RSA Renews Pet Insurance Partnership with Tesco Bank - L&G Extends its Range of Personal insurance Cover with Launch of Pet Insurance - Capita Insurance Distribution Selects Zenith Insurance to Underwrite Pet Policies - Sainsbury's Bank Partners with Allianz Insurance for Pet Insurance - M&S Reappoints RSA for Pet Insurance - Axa Pulls Out of Pet Insurance Market Key Topics Covered: 1 Executive Summary 2 Introduction 3 Market Analysis 4 Competitive Landscape 5 Porter's Five Forces Analysis 6 Deals and News 7 Regulation and Compliance 8 Economic Backdrop 9 Company Profiles - Agria International Forsakring AB - Allianz Insurance Plc - Axa Insurance UK Plc - Direct Line Insurance Group Plc - Pinnacle Insurance Plc - QBE Insurance (Europe) Ltd - Red Sands Insurance Company (Europe) Ltd - Royal & Sun Alliance Insurance Group Plc - Ultimate Insurance Company Ltd - Zenith Insurance Plc For more information visit http://www.researchandmarkets.com/research/bj...surance_in
Household Insurance in the UK Report: Key Trends and Opportunities to 2017
M2 - Wed Jul 10, 6:33AM CDT
Research and Markets (http://www.researchandmarkets.com/research/3bhgr6/household) has announced the addition of the "Household Insurance in the UK, Key Trends and Opportunities to 2017" report to their offering. Gross written premiums in the household insurance category rose by 0.6% annually in 2012, slowing from the expansion recorded in 2011. Premium income totaled GBP5.26 billion in 2012 and grew at a CAGR of 3.24% between 2008 and 2012. The strength of the housing market is a primary driver of demand for household insurance. 2012 saw slower growth in mortgage lending and house prices, and a slump in private housing construction. The soft recovery in the UK housing market, coupled with the fragility in the wider economy, will remain a challenge for the household insurance category. A strong rebound in economic growth is not expected to materialize until 2014, but as this recovery gains traction, growth rates in premiums will also pick up. Claims paid by household insurers jumped by 11.3% in 2012, in li
Direct Line Group to make 2,000 staff redundant in cost cutting measures
M2 - Wed Jun 26, 5:10AM CDT
UK retail general insurer Direct Line Insurance Group plc announced today that it intends to continue its business transformation plan and improve its operational efficiency, with further initiatives that include cutting staff numbers by 2,000.
Private Motor Insurance in the UK, Key Trends and Opportunities to 2016
M2 - Thu Jun 20, 9:52AM CDT
Research and Markets (http://www.researchandmarkets.com/research/c4srnf/private_motor) has announced the addition of the "Private Motor Insurance in the UK, Key Trends and Opportunities to 2016" report to their offering. Gross written premiums in the UK's private motor insurance category rose by 6.7% in 2011, slowing from the expansion recorded in 2010. The market is dominated by comprehensive policies, with some insurers having axed third-party, non-comprehensive policies in the past few years. Private motor insurance gross written premiums represent 0.9% of the country's GDP, in line with the European average. Motor insurance density in the UK is higher than in its European counterparts, and has followed a clear upward trend. Factors driving growth in the category include mandatory motor third-party liability insurance, rising disposable incomes and a steady increase in private car registrations. The difficult macroeconomic environment is a challenge. A strong return to growth is not expected until 2014