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This report provides historical values for the UK group risk insurance market for the report’s 2009-2013 review period and forecast figures for the 2014-2018 forecast period. To get Details: http://www.reportscue.com/group-risk-insurance-in-the-uk-key-trends-and-opportunities-to-2018-market
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Main Title Market Research Report Group Risk Insurance in the UK, Key Trends and Opportunities to 2018 ©reportscue
Synopsis: • The report provides market analysis, information and insights into the UK group risk insurance business. • It also provides a snapshot of the market's size and dynamics. • Furthermore, the report offers a comprehensive analysis of claims, drivers and market outlook. • It also summarises deals, news and regulatory developments in the category.
Report Overview:New business premiums in the group risk insurance category grew by 35.8% in 2012, but fell by 2.9% in 2013. This was a result of a sharp rise in new business at Friends Life in 2012 following its consolidation of Bupa’s protection business and Axa’s UK life business, and a subsequent decline in group protection sales reported by the insurer in the 2013 PRA returns. The majority of group risk insurers achieved solid results in both 2012 and 2013, receiving a boost in new group protection sales due to the introduction of pension auto-enrolment from October 2012. The group risk insurance category recorded a compound annual growth rate (CAGR) of 1.0% during the review period (2009-2013) to reach a value of GBP293.7 million in 2013. Providers and advisers are expected to benefit from opportunities created by auto-enrolment, as more employers will be willing to consider a wider range of flexible benefits for their staff. Group risk benefits, such as group income protection (IP), group critical illness (CI) or group life schemes, are expected to become more relevant to employers as they aim to reduce sickness absence costs and improve staff retention
Scope : • This report provides a comprehensive analysis of the group risk insurance market in the UK.• It provides historical values for the UK group risk insurance market for the report’s 2009-2013 review period and forecast figures for the 2014-2018 forecast period.• It offers estimates of new business premiums collected in the market.• It provides an overview of market dynamics and market drivers.• It profiles top group risk insurers in the UK and outlines the key challenges faced in the market. Key Highlights : • Protection providers deliver strong results in the group risk insurance category.• Auto-enrolment has the potential to widen the appeal of group risk benefits.• The government is launching a new Health and Work Service (HWS) initiative.• Online technical solutions are well received by intermediaries.• The category is forecast to expand at CAGR of 4.5% during the next five years.
Table of Contents:1 Executive Summary 2 Introduction 3 Market Analysis 4 Competitive Landscape 5 Deals and News 6 Regulation and Compliance 7 Economic Backdrop 8 Company Profiles 9 Statistics 10 Appendix
List Of Figures: 1 UK Group Risk Insurance - New Business Premiums (GBP Million), 2009-2013 2 UK Group Risk Insurance - New Business Premiums by Product Type (GBP Million), 2009- 20133 UK Group Income Protection - New Business Premiums (GBP Million), 2009-20 4 UK Group Critical Illness - New Business Premiums (GBP Million), 2009-2013 5 UK Group Life Insurance - New Business Premiums (GBP Million), 2009-2013 6 UK Group Risk Insurance - New Business Premiums Forecast (GBP Million), 2014-2018 7 UK Group Risk Insurance Growth Dynamics by Product (%), 2009-20188 UK Market Shares of the Top 10 Group Risk Insurance Providers (%), 2013 9 The UK’s Insurance Regulatory Framework 10 UK Real GDP (Million) and Quarter-on-Quarter Growth (%), 2007-2014 11 UK Growing and Aging Population (Years), 1995-2013 12 UK Population Aged Over 65 Years (%), 2007-2018 13 UK Overall Life Expectancy (Years), 1995-2018 14 UK Working-Age ESA and IB Claimants (Thousands), February 2005-July 2014 15 UK Employment and Unemployment Rates (%), 2007-2014
Reason To Buy :• Gain an understanding of the UK group risk insurance market. • Learn about the performance of market drivers, claims and market dynamics. • Explore group risk products and key providers in the category. • Find out more on key deals and recent developments in the market. To Get Details: http://www.reportscue.com/group-risk-insurance-in-the-uk-key-trends-and-opportunities-to-2018-market