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Motor Insurance in the United Kingdom

  • December 2016
  • -
  • MarketLine
  • -
  • 39 pages

Summary
Motor Insurance in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Findings
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the motor insurance market in the United Kingdom

- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the motor insurance market in the United Kingdom

- Leading company profiles reveal details of key motor insurance market players' global operations and financial performance

- Add weight to presentations and pitches by understanding the future growth prospects of the United Kingdom motor insurance market with five year forecasts

Synopsis
Essential resource for top-line data and analysis covering the United Kingdom motor insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Reasons To Buy
- What was the size of the United Kingdom motor insurance market by value in 2016?

- What will be the size of the United Kingdom motor insurance market in 2021?

- What factors are affecting the strength of competition in the United Kingdom motor insurance market?

- How has the market performed over the last five years?

- What are the main segments that make up the United Kingdom's motor insurance market?

Key Findings
The motor insurance market consists of motor insurance for personal and commercial vehicles, including cars, light and heavy trucks, vans, motorcycles and mopeds. The value of the motor insurance market reflects gross premium incomes. Gross premium income is defined as the insurer's premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the creation of this profile have been calculated using constant 2016 annual average exchange rates. The motor insurance market depends on a variety of economic and non-economic factors, and future performance is difficult to predict. The forecast given in this report is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and the growth of base drivers, such as population numbers, GDP growth, and long-term interest rates.

The UK motor insurance market is expected to generate total gross premium income of $36.9bn in 2016, representing a compound annual growth rate (CAGR) of 2% between 2012 and 2016.

The personal segment is expected to be the market's most lucrative in 2016, with total gross premium income of $29.1bn, equivalent to 78.9% of the market's overall value.

With recent drops in the price of oil and an increased employment rate, the UK has seen an increase in the number of cars on the road, with use for commuting and business up.

Table Of Contents

Motor Insurance in the United Kingdom
Table of Contents
Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
Aviva plc
AXA
RSA Insurance Group plc
Zurich Insurance Group Ltd
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine


List of Tables
Table 1: United Kingdom motor insurance market value: $ billion, 2012-16(e)
Table 2: United Kingdom motor insurance market category segmentation: $ billion, 2016(e)
Table 3: United Kingdom motor insurance market geography segmentation: $ billion, 2016(e)
Table 4: United Kingdom motor insurance market value forecast: $ billion, 2016-21
Table 5: Aviva plc: key facts
Table 6: Aviva plc: key financials ($)
Table 7: Aviva plc: key financials (£)
Table 8: Aviva plc: key financial ratios
Table 9: AXA : key facts
Table 10: AXA : key financials ($)
Table 11: AXA : key financials (€)
Table 12: AXA : key financial ratios
Table 13: RSA Insurance Group plc: key facts
Table 14: RSA Insurance Group plc: key financials ($)
Table 15: RSA Insurance Group plc: key financials (£)
Table 16: RSA Insurance Group plc: key financial ratios
Table 17: Zurich Insurance Group Ltd: key facts
Table 18: Zurich Insurance Group Ltd: key financials ($)
Table 19: Zurich Insurance Group Ltd: key financial ratios
Table 20: United Kingdom size of population (million), 2012-16
Table 21: United Kingdom gdp (constant 2005 prices, $ billion), 2012-16
Table 22: United Kingdom gdp (current prices, $ billion), 2012-16
Table 23: United Kingdom inflation, 2012-16
Table 24: United Kingdom consumer price index (absolute), 2012-16
Table 25: United Kingdom exchange rate, 2012-16


List of Figures
Figure 1: United Kingdom motor insurance market value: $ billion, 2012-16(e)
Figure 2: United Kingdom motor insurance market category segmentation: % share, by value, 2016(e)
Figure 3: United Kingdom motor insurance market geography segmentation: % share, by value, 2016(e)
Figure 4: United Kingdom motor insurance market value forecast: $ billion, 2016-21
Figure 5: Forces driving competition in the motor insurance market in the United Kingdom, 2016
Figure 6: Drivers of buyer power in the motor insurance market in the United Kingdom, 2016
Figure 7: Drivers of supplier power in the motor insurance market in the United Kingdom, 2016
Figure 8: Factors influencing the likelihood of new entrants in the motor insurance market in the United Kingdom, 2016
Figure 9: Factors influencing the threat of substitutes in the motor insurance market in the United Kingdom, 2016
Figure 10: Drivers of degree of rivalry in the motor insurance market in the United Kingdom, 2016
Figure 11: Aviva plc: revenues and profitability
Figure 12: Aviva plc: assets and liabilities
Figure 13: AXA : revenues and profitability
Figure 14: AXA : assets and liabilities
Figure 15: RSA Insurance Group plc: revenues and profitability
Figure 16: RSA Insurance Group plc: assets and liabilities
Figure 17: Zurich Insurance Group Ltd: revenues and profitability
Figure 18: Zurich Insurance Group Ltd: assets and liabilities

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