Research and Markets(http://www.researchandmarkets.com/research/51a083/uk_general_insuran) has announced the addition of the “UK General Insurance Competitor Tracker Q1 2010” report to their offering.
The UK General Insurance Competitor Tracker Q1 2010 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, acquisition activity, 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 of this title
In February, AXA launched a direct car insurance proposition under the AXA brand. However, the proposition is not a mass market one: AXA will be specifically targeting drivers who have not claimed for eight years.
In February, Groupama announced the launch of a variable commission option as a standard part of its commercial product range for small and medium enterprises (SMEs). Each of Groupama’s products will carry a default commission level, but brokers will be allowed to select an alternative amount of commission from a specified range.
Key reasons to purchase this title
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.
Keep abreast of the insurance company or broker acquisitions that your competitors are making.
Key Topics Covered:
Overview
Allianz saw a surprise increase in profits for 2009
Allianz saw a surprise increase in profits for 2009
Allianz Clear launched Insurecom software
Aviva’s profits fell, along with the majority of players
Aviva’s profits went down by around 20% in 2009
AXA got into direct car insurance and saw 2009 earnings challenged by weather events
AXA launched a direct car insurance proposition and now appears on Confused.com
Bluefin confirmed plans to acquire further brokers
AXA’s 2009 earnings were hit by weather events and the tough commercial market
Fortis saw good top-line growth but more challenging profits
Fortis announced it would hire 550 new employees to assist with its Tesco partnership
Fortis is changing its name to ‘ageas’
Fortis saw top-line growth and a more challenging operating ratio in 2009
Groupama unveiled flexible commissions and re-launched personal accident insurance
Groupama launched flexible commission on commercial SME business
Groupama announced that it would reorganize claims handling
Groupama re-launched personal accident insurance
The private motor account hit Groupama’s profits
Lloyds Banking Group sold its stake in esure
LBG sold stake in esure
LBG recorded a profit of 367m for 2009
NIG joined the home insurance panel of Castle Cover
NIG joined the home insurance panel of Castle Cover
Bodily injury claims ate into RBS profits
RSA extended its repair contracts
RSA extended contracts with Nationwide Crash Repair Centres and DWS Bodyworks
Profits were down at RSA, while premium income held up well
Zurich saw premium income of 2 billion in the UK
Zurich UK General Insurance reported premiums of 2 billion for 2009
For more information visit http://www.researchandmarkets.com/research/51a083/uk_general_insuran
Source: Datamonitor