Thank you for contacting ReportLinker. Out of the many reports that we have access to about the car insurance industry, we have selected two that we hope will help to answer your question.
The first report, UK Classic Car Insurance: Market Dynamics, Affinities and Partnerships was published by Finaccord in June 2015. This 16 page study investigates the UK market, providing an outline of the market drivers, information on the total value of the market and also data on the market’s growth from 2010-2014. The data is quantified and includes commentary about the segmentation of policies, information on the distribution channels and estimates for the market shares of underwriters in 2014. There is also a listing of nearly 40 affinity and partnership relationships that are visible in the report. This report also includes forecasts to 2018. Some of the findings include that the UK market is continuing to grow and that the insurance market has risen to include 8 distribution channels. Two underwriters lead the market and account for as much as 40% of the total market share.
The second report was published by Ibisworld in September 2014. Classic Car Insurance in the UK – Industry Market Research Report is 27 pages long and covers insurance policies for cars over 15 years old with a market value of above £15,000. The level of risk assumed and the cost of insurance premiums vary according to the type of insurance policy that is being underwritten. This report covers the scope, size, disposition and growth of the industry. It also features information on the sensitivities and success factors involved. This report includes a five year industry forecast, information on growth rates and an analysis of the key industry players that details their market shares.
We hope this information has been helpful to you. There is a lot of useful information about the insurance industry in ReportLinker’s portal. If you have any questions or further needs, please feel free to contact us.