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  4. > Public and Product Liability Insurance in the UK, Key Trends and Opportunities to 2017

Synopsis
- The report provides market analysis, information and insights into the UK public and product liability insurance business.
- It provides a snapshot of market size and market dynamics.
- It offers a comprehensive analysis of claims, drivers and market outlook.
- It provides an analysis of distribution channels.
- It summarises deals, news and regulatory developments.

Summary
The public and product liability category grew at a compound annual growth rate (CAGR) of 8.8% during the 2009–2013 review period, reaching GBP2.9 billion in 2013. This growth was triggered by an increase in the number of personal injury compensation claims and the rising costs of medical care and civil litigation. Public and product liability insurance premiums increased by 8.6% in 2012, further rising by 19.5% in 2013. The strengthening economy, an increase in the number of private-sector businesses and a pick-up in retail and manufacturers’ product sales have all contributed to premium growth in the category.

Scope
- This report provides a comprehensive analysis of the public and product liability insurance market in the UK.
- It provides historical values for the UK public and products liability insurance market for the report’s 2009–2013 review period and forecast figures for the 2014–2018 forecast period.
- It offers estimates of gross written premiums generated in the market.
- It provides an overview of claims, market dynamics and market drivers.
- It profiles top public and product liability insurers in the UK and outlines the key challenges faced in the market.

Reasons To Buy
- Gain an understanding of the UK public and product liability insurance market.
- 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 prompted by the rise in personal injury claims.
- Improving business confidence is expected to support SME demand for liability insurance.
- The Jackson reforms have changed the landscape for compensation claims.
- Commercial brokers are threatened by the growing online distribution channel.
- The category is expected to record a CAGR of 8.6% during the forecast 2014-2018 period.

Table Of Contents

Public and Product Liability Insurance in the UK, Key Trends and Opportunities to 2017
Table of Contents
1 Executive Summary
Table of Contents
List of Figures

List of Tables
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 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
4 Competitive Landscape
4.1 Review - The Best Performers of 2013
4.2 Product Innovation
4.3 Public and Product Liability Insurance - SWOT Analysis
5 Porter's Five Forces Analysis
5.1 Bargaining Power of Suppliers: Medium to High
5.2 Bargaining Power of Buyers: Low to Medium
5.3 Barriers to Entry: Medium to High
5.4 Intensity of Rivalry: Medium
5.5 Threat of Substitutes: Low to Medium
6 Deals and News
6.1 Zurich Launches New SME Trading Platform
6.2 MoJ Plans to Strike Out Legislation for Fraudulent Claims
6.3 BIBA Launches New Voluntary Sector Insurance Guide
6.4 Hip Replacement Ruling has a Major Impact on Product Liability Insurers
6.5 Allianz and Marsh Networks Extend SME Products Deal
7 Regulation and Compliance
7.1 Regulatory Changes
7.1.1 The Legal Aid, Sentencing and Punishment of Offenders Act (LASPO)
7.1.2 The MoJ online portal extension
7.1.3 New forthcoming EU food labeling regulation
7.1.4 Solvency II
8 Economic Backdrop
8.1 Real GDP Growth
8.2 Number of Businesses
8.3 UK Manufacturers' Product Sales
8.4 Retail Sales
8.5 Labor Market Conditions
8.6 Inflation and Average Earnings
9 Company Profiles
9.1 ACE European Group Ltd - Company Overview
9.1.1 ACE European Group Ltd - key facts
9.1.2 ACE European Group Ltd - main products
9.1.3 ACE European Group Ltd - main competitors
9.1.4 ACE European Group Ltd - key employees
9.2 AIG Europe Ltd - Company Overview
9.2.1 AIG Europe Ltd - key facts
9.2.2 AIG Europe Ltd - main products
9.2.3 AIG Europe Ltd - main competitors
9.2.4 AIG Europe Ltd - key employees
9.3 Aviva Plc - Company Overview
9.3.1 Aviva Plc - key facts
9.3.2 Aviva Plc - main products
9.3.3 Aviva Plc - main competitors
9.3.4 Aviva Plc - key employees
9.4 Axa UK Plc - Company Overview
9.4.1 Axa UK Plc - key facts
9.4.2 Axa UK Plc - main products
9.4.3 Axa UK Plc - main competitors
9.4.4 Axa UK Plc - key employees
9.5 Direct Line Insurance Group Plc - Company Overview
9.5.1 Direct Line Insurance Group Plc - key facts
9.5.2 Direct Line Insurance Group Plc - main products
9.5.3 Direct Line Insurance Group Plc - main competitors
9.5.4 Direct Line Insurance Group Plc - key employees
9.6 Great Lakes Reinsurance (UK) Plc - Company Overview
9.6.1 Great Lakes Reinsurance (UK) Plc - key facts
9.6.2 Great Lakes Reinsurance (UK) Plc - main products
9.6.3 Great Lakes Reinsurance (UK) Plc - main competitors
9.6.4 Great Lakes Reinsurance (UK) Plc - key employees
9.7 QBE Insurance (Europe) Ltd - Company Overview
9.7.1 QBE Insurance (Europe) Ltd - key facts
9.7.2 QBE Insurance (Europe) Ltd - main products
9.7.3 QBE Insurance (Europe) Ltd - main competitors
9.7.4 QBE Insurance (Europe) Ltd - key employees
9.8 Royal and Sun Alliance Insurance Plc - Company Overview
9.8.1 Royal and Sun Alliance Insurance Plc - key facts
9.8.2 Royal and Sun Alliance Insurance Plc - main products
9.8.3 Royal and Sun Alliance Insurance Plc - main competitors
9.8.4 Royal and Sun Alliance Insurance Plc - key employees
9.9 XL Group Plc - Company Overview
9.9.1 XL Group Plc - key facts
9.9.2 XL Group Plc - main products
9.9.3 XL Group Plc - main competitors
9.9.4 XL Group Plc - key employees
9.10 Zurich Insurance Plc - Company Overview
9.10.1 Zurich Insurance Plc - key facts
9.10.2 Zurich Insurance Plc - main products
9.10.3 Zurich Insurance Plc - main competitors
9.10.4 Zurich Insurance Plc - key employees
10 Statistics
10.1 Review Period
10.2 Forecast Period
11 Appendix
11.1 Methodology
11.2 Contact Timetric
11.3 About Timetric
11.4 Timetric's Services
11.5 Disclaimer


List of Tables
Table 1: Insurance Industry Definitions
Table 2: UK Public and Product Liability Insurance - Market Summary, 2009-2013
Table 3: Public and Product Liability Insurance - SWOT Analysis
Table 4: ACE European Group Ltd - Key Facts
Table 5: ACE European Group Ltd - Main Products
Table 6: ACE European Group Ltd - Key Employees
Table 7: AIG Europe Ltd - Key Facts
Table 8: AIG Europe Ltd - Main Products
Table 9: AIG Europe Ltd - Key Employees
Table 10: Aviva Plc - Key Facts
Table 11: Aviva Plc - Main Products
Table 12: Aviva Plc - Key Employees
Table 13: Axa UK Plc - Key Facts
Table 14: Axa UK Plc - Main Products
Table 15: Axa UK Plc - Key Employees
Table 16: Direct Line Insurance Group Plc - Key Facts
Table 17: Direct Line Insurance Group Plc - Main Products
Table 18: Direct Line Insurance Group Plc - Key Employees
Table 19: Great Lakes Reinsurance (UK) Plc - Key Facts
Table 20: Great Lakes Reinsurance (UK) Plc - Main Products
Table 21: Great Lakes Reinsurance (UK) Plc - Key Employees
Table 22: QBE Insurance (Europe) Ltd - Key Facts
Table 23: QBE Insurance (Europe) Ltd - Main Products
Table 24: QBE Insurance (Europe) Ltd - Key Employees
Table 25: Royal and Sun Alliance Insurance Plc - Key Facts
Table 26: Royal and Sun Alliance Insurance Plc - Main Products
Table 27: Royal and Sun Alliance Insurance Plc - Key Employees
Table 28: XL Group Plc - Key Facts
Table 29: XL Group Plc - Main Products
Table 30: XL Group Plc - Key Employees
Table 31: Zurich Insurance Plc - Key Facts
Table 32: Zurich Insurance Plc - Main Products
Table 33: Zurich Insurance Plc - Key Employees
Table 34: UK Public and Product Liability Insurance - Historical Statistics, 2009-2013
Table 35: UK Public and Product Liability Insurance - Forecast Statistics, 2014-2018



List of Figures

Figure 1: UK Public and Product Liability Insurance - Gross Written Premiums (GBP Million), 2009-2013
Figure 2: UK Public and Product Liability Insurance - Share of Commercial Liability Market (%), 2009-2013
Figure 3: UK Public and Product Liability Insurance - Penetration Rate (%) and Density (GBP), 2009-2013
Figure 4: Number of Personal Injury Claims Registered to Compensation Recovery Unit by Type, 2006/2007-2012/2013
Figure 5: Trend of UK Business Confidence, Q2 2007-Q2 2014
Figure 6: UK Public and Product Liability Insurance - Gross Written Premiums Forecast (GBP Million), 2014-2018
Figure 7: UK Commissions Paid by Commercial Liability Insurers (GBP Million), 2009-2013
Figure 8: UK Market Shares of the Top 10 Public and Product Liability Insurers (%), 2013
Figure 9: UK Public and Product Liability Insurance - Five Forces Analysis, 2012
Figure 10: The UK's Insurance Regulatory Framework
Figure 11: UK Real GDP (Million) and Quarter-on-Quarter Growth (%), 2007-2013
Figure 12: Number of Businesses in the UK Private Sector (Millions), 2000-2013
Figure 13: Total Value of UK Manufacturers' Product Sales (GBP Billion), 2008-2013
Figure 14: Retail Sales Value and Volume (Index, 2010=100), April 2005-April 2014
Figure 15: Employment and Unemployment Rates (%), 2007-2013
Figure 16: UK Average Earnings and Consumer Prices Annual Growth Rates (%), 2007?2014

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