Research and Markets: Total New Business Premiums in the UK Life Based Assurance Market are Forecast to grow at a Compound Annual Rate of 3.7% between 2004 and 2009

Dublin - Research and Markets (http://www.researchandmarkets.com/reports/c22990) has announced the addition of UK Life Assurance Overview 2005 to their offering

The UK life assurance market has been badly hit by poor stock market returns, weakened consumer confidence, high-profile scandals and ever-changing regulatory reform. This summary report provides data on the total, annual and single premium markets, distribution trends, in-depth competitor analysis and gives forecasts of market size and distribution channel premiums up to 2009.

The report uses ABI statistics, SynThesys Life database, extensive secondary sources and primary interviews with leading players and distributors. It gives total, single & annual new business premiums from 2000-2004, split by product and distribution channel. The report uses a life and pensions forecasting model to forecast total, annual and regular premium new business between 2004-2009

Total new business premiums for both single and regular premium life-related products have declined at a compound annual rate of 4.4% between 2000 and 2004. This leaves new business levels totalling just under £3.2bn in 2004, down from just over £3.8bn in 2004.

HBOS has nearly doubled its life-related new business levels between 1999 and 2003. This has been the result of the groups successful exploitation of the bancassurance business model, which has resulted in its new business growing at a compound rate of over 19% between 1999 and 2003 and totalling £408m in 2003.

Total new business premiums in the life based market are forecast to grow at a compound annual rate of 3.7% between 2004 and 2009.

Reasons to Purchase

- Market forecasts: Identify the future of the market, its potential and opportunities for developing winning products;
- Competitor intelligence: Identify the key market competitors and assess the success of their operations;
- Market data: Understand market and distribution trends and drivers in the total life market and its individual product areas.

For more information visit http://www.researchandmarkets.com/reports/c22990

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