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UK Extended Warranty Insurance

  • October 2013
  • -
  • GlobalData
  • -
  • 43 pages

Summary

Table of Contents

Summary
The health of the motor and electrical goods extended warranty markets is closely linked with their respective retail sectors. Motor extended warranties have thrived during tough times, with the average car age increasing and customers seeking "peace of mind" products. Yet, trends such as the decline of high street retail have challenged the electrical goods segment and shifted the state of play.


Synopsis
- Develop strategies to anticipate trends, approach new opportunities, and prepare for challenges emerging from the retail environment.
- Compare an overview of the motor and electrical goods warranty markets, informed by provider interviews, against your own experience and expectations.
- Gain insight into the position of key players and new developments, partnerships, and products emerging in the market.

Reasons To Buy
- How has the market performed, what shape is it expected to take in the future, and how does this compare when benchmarked to your experience?
- What issues are being faced in the motor and electrical goods retail sectors, and how is this likely to impact on the extended warranty market?

Key Highlights
In 2012, the four-to-eight year old segment represented 37.3% of the motor parc, down from 39.5% in 2010. Extended warranty providers can expect books of business to increasingly be made up of vehicles towards the upper end of traditionally targeted business.

In 2012, the four-to-eight year old segment represented 37.3% of the motor parc, down from 39.5% in 2010. Extended warranty providers can expect books of business to increasingly be made up of vehicles towards the upper end of traditionally targeted business.

Brown goods account for the most significant share of retail electricals sales, according to Verdict Retail research, accounting for an estimated 46.7% of the market in 2013.

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ref:plp2013

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