New Market Report Now Available: UK Commercial Motor Insurance: Competitor Dynamics

From: Fast Market Research, Inc.
Published: Thu Sep 05 2013


The commercial motor insurance market remains unprofitable and under pressure to see through sufficient rate increases. Reported year COR for the line presented a better picture in 2012, reflected in improving operating ratios for eight of the top 10 insurers. However, reserve releases played a significant role in this, with underlying market performance found to be slightly weaker than in 2011.

Scope of this Report

* Gauge the performance of the top commercial motor insurers by GWP growth and market share across fleet and non-fleet segments.
* Gain insight into which market players have achieved sustainable growth, with analysis of combined, loss, commission, and management cost ratios.
* See which insurers were the most selected provider for commercial motor insurance by surveyed brokers and SME businesses.

Report Highlights

A majority of the commercial motor insurance market's top 10 competitors by GWP were unable to achieve CORs below 100% in 2012. Only Direct Line Group (with a COR of 61.9%) and Allianz (80.6%) succeeded in this task.

Full Report Details at
- http://www.fastmr.com/prod/671076_uk_commercial_motor_insurance_competitor_dynamics.aspx?afid=303

Direct Line Group continues to lag in comparison to the top 10 on expense ratio, which in 2012 remained the highest among this group at 36.7%.

Allianz continued to improve COR figures with reserve releases in 2012, but this bolstered a fundamentally profitable book, with underwriting profit increasing.

Reasons to Get this Report

Which companies were the top players in the commercial motor insurance market in 2012?
* How profitable were the top commercial property insurers in 2012?
* In which areas of performance have the top 10 insurers improved and where is further action needed in 2013?

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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