UK General Insurance Competitor Tracker Q3 2009

Date: October 1, 2009
Pages: 12
Price:
US$ 1,695.00
Publisher: Datamonitor
Report type: Brief Review
Delivery: E-mail Delivery (PDF)
ID: U313270EE6CEN
Leaflet:

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UK General Insurance Competitor Tracker Q3 2009
Introduction

The UK General Insurance Competitor Tracker Q3 2009 reviews the major developments among the leading competitors in the UK general insurance market including AXA, Aviva, LV=, RBS Insurance, RSA and Zurich. It includes information on a range of issues including new product launches, new affinity partnerships and other trading relationships.

Scope

*Information on business performance, new product developments, new corporate partnerships and other new trading relationships.

*Insight on the following competitors: Allianz, AXA, Aviva, Fortis, Groupama, LV=, RBS Insurance, RSA, and Zurich.

Highlights

Aviva launched a new commercial property owner's insurance product which is traded exclusively online via its online trading platform, Fast Trade.

AXA announced that it has secured a 10 year partnership with HSBC, to provide insurance solutions to HSBC's small to medium sized business customers. HSBC will offer AXA's business insurance policies to new customers from January 1st, 2010 and to existing customers at renewal.

In September 2009, Zurich announced that it would be exiting the new-home warranty and building control markets following an internal review, due to the sustained decline in the UK house-building market and economic downturn.

Reasons to Purchase

*Keep up to date with the new trading relationships that your competitors have entered into including deals with affinity partners.

*Understand the new products which your competitors are bringing to market, the main features of these products and the intended target market.
DATAMONITOR VIEW


SUMMARY

Analysis
Overview
Allianz saw its commercial book grow by 7.5% in the first half of 2009
Allianz witnessed growth in its UK GWP which increased by 2.9% in H1 2009
Aviva began promoting the benefits of using brokers to business insurance customers and maintained a focus on profitability
Aviva witnessed NWP decrease by 20.9% while focusing on improving profitability
Aviva launched its first TV advertisement, promoting the professionalism of its brokers
Aviva launched a commercial property owners package
AXA secured a partnership with HSBC to sell SME commercial insurance and recorded a decline in GWP for H1 2009
AXA saw its GWP in UK general insurance decrease by 4% year-on-year in H1 2009
AXA partnered with Ryanair to sell travel insurance products
AXA secured a partnership with HSBC to sell SME commercial insurance
Fortis entered a new partnership with Toyota
Fortis gained a ?20m deal with Toyota
Groupama launched low cost legal cover for SMEs and witnessed 6.3% growth in its UK property and casualty business
Groupama UK witnessed strong growth in its property and casualty business
Groupama launched low cost legal cover for SMEs-Optima Liability
LV= announced growth in its H1 2009 results
LV= recorded growth across all distribution channels and recorded a 92% increase in GWP in H1 2009
RBS recorded 2% growth in its GWP in H1 2009
RBS witnessed significant growth in its own brand business in H1 2009
RSA launched a new MNW policy and solar energy insurance product and achieved rate increases in H1 2009
RSA launched a new MNW insurance product
RSA launched a solar energy insurance product
RSA recorded a 3% decline in NWP, despite achieving rate increases in H1 2009
Zurich announced its exit from the new-home warranty and building control markets and appointed a new CEO
Zurich announced its departure from the new-home warranty and building control markets
Zurich targeted brokers with charity offerings
Stephen Lewis became the new CEO of Zurich in the UK
Willis secured a contract with Selfridges, while Gocompare.com launched a price comparison service for pet insurance
Aon won the Boparan Holdings account from Willis
Willis secured a contract with Selfridges
Giles secured a partnership to provide commercial insurance to customers at Clydesdale Bank and Yorkshire Bank
Admiral reported a 10% increase in Confused.com's revenue
Gocompare.com launched a new pet insurance comparison service

APPENDIX

Ask the analyst
Datamonitor consulting
Disclaimer
UK General Insurance Competitor Tracker Q1 2010 US$ 1,695.00 Apr, 2010 · 8 pages
UK General Insurance Competitor Tracker Q2 2010 US$ 1,695.00 Aug, 2010 · 8 pages
UK General Insurance Competitor Tracker Q1 US$ 1,995.00 Jun, 2011 · 20 pages
UK General Insurance Competitor Tracker Q4 2009 US$ 1,695.00 Jan, 2010 · 9 pages

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