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Research and Markets: United Kingdom Pet Insurance Market Dynamics and Opportunities Report 2020: Underwritten by Allianz, Petplan Remains the Market Leader with 24.9% of Total GWP

Research and Markets: United Kingdom Pet Insurance Market Dynamics and Opportunities Report 2020: Underwritten by Allianz, Petplan Remains the Market Leader with 24.9% of Total GWP - ResearchAndMarkets.com
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This report analyzes the UK pet insurance market, looking at market size as well as changes in premiums, claims, medical costs, and pet ownership. It discusses competitors in the market, explores how the market is likely to change due to rising costs and emerging technology, identifies opportunities in the pet insurance space, and provides future forecasts of market size up to 2023.
Both the number of policyholders and gross written premiums (GWP) decreased in 2019, while the number and cost of claims increased. With the cost of claims increasing and GWP falling, pet insurers are facing stains on their profits. ....

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United Kingdom Employers Liability Insurance: The Market Going Forward - ResearchAndMarkets.com

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GWP in the employers liability market fell to £1,108m in 2019, although insurers managed to retain strong profits as claims costs remained low. This market is more closely aligned to developments in the UK economy compared to other insurance lines. This is problematic for the sector, as the UK is likely headed towards a recession following the severe impact of COVID-19, which brought the economy to a standstill for much of 2020 and continuing into 2021. The unemployment rate in the UK is set to soar as government support such as the furlough scheme comes to an end. The market is directly reliant on the number of businesses and employees in the UK, so this will have a negative impact on premiums. Insurers may have the ability to raise premiums given the significant cuts seen in 2020, and the curtailing of claims in recent years means they may be able to endure a tough 2021. ....

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Research and Markets: United Kingdom (UK) Commercial Motor Insurance Market Report 2020: Impact of COVID-19 and Implications Related to Claims

The "United Kingdom (UK) Commercial Motor Insurance Market Dynamics and Opportunities 2020" report has been added to ResearchAndMarkets.com's offering. This report analyzes UK commercial motor insurance ....

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