Dallas, TX -- (SBWIRE) -- 01/20/2011 -- Scope
Information and data on the attractiveness of the UK high value home insurance market
Data on historical and forecasted numbers of UK affluents.
An insight into affluent purchasing trends, preferences and investment strategies.
Highlights
Datamonitor has estimated that there were 661,000 high value home insurance policies in force in 2009. Around 531,000 of these policies were for mid net worth individuals and 58,000 for high net worth's.
This market is plagued by large losses which are largely weather or escape of water related (for all household claims, escape of water accounted for 35% of the total claims bill). In a non-event yearwhere there are no large losses caused by a weather eventthe market combined operating ratio (COR) should be around 90%.
A recurring theme that emerged throughout primary interviews was that less complex risks will continue to see a move towards direct distribution because it is easier to underwrite for these types of risks. However, clients with complex risks will continue to use brokers which can tailor a bespoke policy.
Reasons to Purchase
Understand how high value home insurance players view this market at present.
Get to grips with the size of the market and how it is anticipated to grow in the future.
Realize how distribution of high value home insurance policies will change based on different purchasing patterns.
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