Now Available: UK General Insurance Competitor Tracker Q3 2012

Recently published research from Datamonitor, "UK General Insurance Competitor Tracker Q3 2012", is now available at Fast Market Research

by Bill Thompson

(WireNews+Co) - Boston, MA - 25 January 2013

Top UK general insurers continued to struggle to achieve profitability during the first nine months of 2012, given the low returns on external investments, the economic downturn, flood losses, payment protection insurance complaints, and overall deteriorating combined operating ratios (CORs).

Scope

- Compare your company's strategy against those implemented by the top six UK insurers: Aviva, AXA, DLG, RSA, Allianz and Zurich
- Gain insight into their latest developments across personal and commercial lines
- Compare your financial performance with the leading players.

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Report Highlights

Allianz reported negative growth of 7% in its operating profit between Q3 2012 and Q3 2011, with its COR slightly deteriorating from 95.8% in Q3 2011 to 96.7% in Q3 2012. However the insurer was among the most resilient to the summer flood losses.

Direct Line (the new name for RBS Insurance, including Direct Line, Churchill, and Privilege as well as the Green Flag breakdown service) posted another decline in GWP, from GBP1,077m in Q3 2011 to GBP1,015m in Q3 2012. However in October it announced its successful flotation on the stock exchange.

Reasons to Get this Report

- What impact did the leading companies' strategies have on financial results over the first nine months of 2012?
- What lines had the best performance?
- Which advertising channels are my competitors using the most?
- Which insurers performed best, increasing GWP or reducing COR?

Partial Table of Contents:

OVERVIEW
- Summary

LATEST FINANCIAL RESULTS
- Introduction
- Most top UK insurers witnessed a deterioration in their COR in Q3 2012

- Q3 results for Allianz in the UK show good growth in its retail portfolio
- Aviva reported a decline between Q3 2011 and Q3 2012
- AXA's motor lines contributed about 25% to general insurance gross revenues for the first nine months of 2012
- Direct Line recorded a dangerously high 99% COR in Q3 2012
- RSA posted a small decline of 1.6% in its NWP between Q3 2011 and Q3 2012
- Zurich witnessed a slight decline of 2.3% in its GWP in Q3 2012 compared to Q3 2011

STRATEGY CHANGES AND LATEST DEVELOPMENTS
- Introduction
- Allianz delivers a good performance in Q3 2012 with strong growth in its retail portfolio

- Allianz witnesses a small deterioration in its COR to 96.7%, despite an increase in gross written premium to GBP1,434.3m in Q3 2012
- Allianz's motor portfolio is on the rise
- The provider's commercial division is still repositioning towards more profitable lines
- Allianz's retail portfolio records healthy growth during the first nine months of 2012
- Allianz enters into a partnership with Lifestyle Services Group to provide mobile device insurance to EE
- Allianz launches a partnership with Saracens Rugby Football Club

- Aviva continues its restructuring strategy despite being downgraded

- Aviva reports a COR of 97% for the first nine months of 2012
- Aviva's general insurance business reports an increase of 48% in its Q3 NWP compared to the previous quarter
- Aviva records losses of about GBP75m in the June-July period
- Aviva continues its restructuring strategy
- Standard & Poor's downgrades Aviva over fears regarding the insurer's strategy
- Aviva invests in residential rooftop solar panels

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