UK Creditor Insurance Marketplace Examined by Timetric in In-demand Research Report Published at MarketPublishers.com16 Jun 2015 • by Natalie Aster
LONDON – In spite of economic instability and growing job insecurity, which should have fueled the demand for creditor insurance, the growth in the market during 2008-2012 was restrained by a combination of factors like regulatory interventions, adverse press coverage and clients resentment. Additionally, lengthy investigations and a costly redress programme caused banks to back out from the distribution process.
Notwithstanding the severe downside risks to the outlook for the creditor insurance market, a prevalent expansion is set to be supported by the UK economy’s revival and the growing awareness of, and demand for, novel near-term protection products. Gross written premiums (GWPs) in the country’s creditor insurance market will likely grow at a CAGR of 2.5% through to 2017, reaching more than USD 1,241 million by the end of the forecast period.
Pinnacle Insurance Plc, Axa UK Plc, Aviva Plc, Great Lakes Reinsurance (UK), Genworth Financial Inc., Legal & General Group Plc, Direct Line Insurance Group Plc, Lloyds Banking Group Plc are among the top players in the industry.
In-demand report “Creditor Insurance in the UK – Key Trends and Opportunities to 2018” elaborated by Timetric offers a detailed, unbiased look at the creditor insurance industry and market. It provides historical valuations for the market for 2009–2013 and forecasts up to 2018 alongside discussions pertaining to leading products and channels of distribution. The research publication sheds light on the key market drivers as well as analyses how those forces are set to impact the domestic creditor insurance market and its future growth, canvasses the market dynamics, covers the market size and segmentation. The study investigates the competitive landscape along with key competitors and their business operations, as well as examines latest developments and important regulations in the marketplace.
Creditor Insurance in the UK – Key Trends and Opportunities to 2018
Published: May, 2015
Price: US$ 2,795.00
More in-demand market research studies by the publisher can be found at Timetric page.