Summary
The UK household insurance market remains highly competitive as overcapacity shows no sign of abating. Movement has in fact been in the opposite direction, with new players such as Admiral entering the market drawn by the relatively eventless and hence profitable few years experienced since 2007.
Synopsis
- Gage the performance of the top household insurance underwriters in terms of their gross written premiums and combined operating ratios.
- Ensure your strategy differentiates from your competitors in this market.
- Gain insight into the major developments in the competitive landscape and how players are shifting their strategies.
Reasons To Buy
- Which companies were the top players in the household insurance market in 2012?
- How profitable were the top household insurers in 2012?
- What were the major developments in 2012 and early 2013?
Key Highlights
The top 10 household insurers saw only marginal growth of GWP in 2012, and their ranking remained constant.
The top 20 household insurers accounted for 78.1% of the total market in 2012, reflecting a slight decrease in market share.
Despite the floods in 2012, the household market loss ratio worsened only marginally from 51.7% in 2011 to 53.6% in 2012.