1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends

Competition Commission Investigation into the Private Motor Insurance Market

  • February 2014
  • 18 pages
  • GlobalData
Report ID: 3375907

Summary

Summary
The private motor insurance market is a highly competitive and relatively commoditized market. However, there are still features of the market that restrict competition and inflate premium prices. The Competition Commission launched its investigation into the private motor insurance market in September 2012, and is required to publish its final report in September 2014.


Synopsis
- Examine the regulatory changes that will happen in the private motor insurance market as a result of the Competition Commission investigation.
- Gain insight into how the remedies proposed by the Competition Commission may affect the private motor insurance and aggregator markets.
- Inform yourself on how and when the remedies proposed by the Competition Commission are likely to be implemented.

Reasons To Buy
- What are the issues identified by the Competition Commission investigation?
- What are the remedies proposed by the Competition Commission to resolve the identified issues?
- How will the proposed remedies impact the private motor insurance and aggregator markets?

Key Highlights
If the proposed remedies for the separation of cost liability and cost control are implemented, non-fault claims for replacement vehicles would be incurred by the non-fault insurer, which would necessitate a change to how policies are underwritten.

One of the remedies proposed to improve the transparency of add-ons aims to list add-on information and pricing on aggregators. Listing add-ons on aggregators with full pricing information would increase competition in this space, leading to lower profit margins for insurers.

The prohibition of wide most favored nation clauses from aggregator-insurer contracts seems very likely to happen. This would increase competition between aggregators and lower barriers to entry into the aggregator market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

UK Commercial Insurance Distribution 2017

  • $ 5250
  • Industry report
  • May 2017
  • by GlobalData

UK Commercial Insurance Distribution 2017 Summary "UK Commercial Insurance Distribution 2017", report provides an in-depth study into the trends of commercial insurance distribution. The report discusses ...

US Employer-Sponsored Private Health Insurance Exchange, Forecast to 2020

  • $ 4950
  • Industry report
  • February 2017
  • by Frost & Sullivan

US Employer-Sponsored Private Health Insurance Exchange, Forecast to 2020 Private health insurance exchanges can be broadly defined as online gateways to health insurance, designed to provide single o ...

Property Insurance in Emerging Asia

  • $ 3800
  • Industry report
  • May 2017
  • by Timetric

Synopsis Timetric’s 'Insight Report: Property Insurance in Emerging Asia' analyzes the rapidly growing economies in Emerging Asia, and identifies opportunities in the midst of economic growth and low ...

Uk Insurance Aggregators 2017

April 2017 $ 3450

Uk Cyber Insurance 2017

March 2017 $ 3450

Download Unlimited Documents from Trusted Public Sources

Insurance Forecast in Indonesia

  • June 2017
    2 pages
  • Insurance  

  • Indonesia  

View report >

Insurance Industry in the US

  • June 2017
    5 pages
  • Insurance  

  • United States  

    Canada  

    North America  

View report >

Crop Insurance Industry

  • June 2017
  • Crop Insurance  

View report >

Related Market Segments :

Insurance

ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.