Research and Markets: Non-Life Insurance in the United Kingdom

Research and Markets has announced the addition of the "Non-Life Insurance in the United Kingdom" report to their offering.

Non-Life Insurance in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the United Kingdom non-life insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover amongst others. The value of the non-life insurance market is shown in terms of gross premium incomes. Any currency conversions used in the report have been calculated using constant 2011 annual average exchange rates. The non-life insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and the growth of base drivers, such as population numbers, GDP growth, and long-term interest rates.

- The UK non-life insurance market had total gross written premiums of $109.5 billion in 2011, representing a compound annual growth rate (CAGR) of 4.3% between 2007 and 2011.

- The other insurance segment was the market's most lucrative in 2011, with total gross written premiums of $66.5 billion, equivalent to 60.7% of the market's overall value.

- The performance of the market is forecast to decelerate, with an anticipated CAGR of 2.9% for the five-year period 2011 - 2016, which is expected to drive the market to a value of $126.6 billion by the end of 2016.