Research and Markets: Competitor Profiles of the Top UK Commercial General Insurers

Dublin - Research and Markets (http://www.researchandmarkets.com/reports/c22565) has announced the addition of Competitor Profiles of the Top UK Commercial General Insurers to their offering

This report will profile in depth the top UK commercial insurers. Key market data on each player and their position within the principal lines of commercial business will be examined. The report will also analyse the strategies of these players in order to build an overall picture of the competitive direction of the commercial insurance market.

This report provides key statistical data on each of the players profiled including GEP, market share and profitability ratios. It provides unique insight into their business and distribution strategies and intention for the future based on primary research. Benchmarking of the players along a number of key metrics is included enabling the reader to see which players are performing well and which are underperforming.

NIGs commercial property book has expanded very quickly between 1999 and 2003. It grew from £26.7 million in 1999 to £163.4 million in 2003, which represents a compound annual growth rate of 57.2 per cent.

AXA has reduced its exposure to large fleet business in favor of smaller commercial vehicle accounts in recent years. Large fleet business was thought to be less profitable than smaller accounts. As a result, its share of the commercial motor market has decreased from 6.6 per cent in 1999 to 4.2 per cent in 2003.

Norwich Union has acquired motoring services group, RAC for £1.1 billion. This will boost its general insurance business. Norwich Union will aim to sell additional products to RACs membership base and change the current product holding of RAC customers from a rate of 13 per cent currently owning more than one product to over 50 per cent.

Reasons to Purchase
- Understand your competitor's strategies so you can better plan your own corporate strategy
- Benchmark your performance against your competitors in terms of GEP growth, market share and profitability
- Understand the lines of business that your competitors are focusing on in order to form a strategic response

Companies Profiled:

- Norwich Union
- Royal & Sun Alliance
- Zurich FS
- AXA
- Allianz Cornhill
- NIG

For more information visit http://www.researchandmarkets.com/reports/c22565

Laura Wood
Senior Manager
Research and Markets
press@researchandmarkets.com
Fax: +353 1 4100 980