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UK Commercial Property Insurance: Competitor Dynamics

  • October 2016
  • 18 pages
  • GlobalData
Report ID: 3375794

Summary

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Summary
The UK commercial property insurance market is highly competitive and the market has been stuck in a soft period of the cycle for a prolonged period. The market witnessed a decline in 2015 and the profitability of the top players also remained subdued. High operating costs and continued competition via market overcapacity are cutting into insurers' profitability.

Key Findings
- The top 10 insurers account for 65.3% of the market.

- Aviva remains the largest commercial insurer in the UK.

- Aviva was the provider of choice for commercial brokers.

Synopsis
Verdict Financial's “UK Commercial Property Insurance: Competitor Dynamics” report is one of a series providing a high-level look into insurer activity during the last year within a product area and benchmarks the leading insurers against each other. Each report looks at the top 10-20 players to see how they have performed but also to see how they have changed their overall propositions.

Reasons To Buy
- Benchmark yourself against other players in the market.

- Adapt your proposition to gain competitor advantage.

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