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Research and Market: Increased Competition Expected in UK House Insurance Market as Existing Players Increase Focus on Growing Market Share and New Competitors Enter the Market

   Research and Markets logo. (PRNewsFoto)

LONDON XEN
    DUBLIN, Ireland, March 25 /PRNewswire/ -- Research and Markets
(http://www.researchandmarkets.com/reports/c14502) has announced the addition
of UK Household Insurance 2004/5 to their offering.
    (Logo: http://www.newscom.com/cgi-bin/prnh/20040820/RESEARCH)
    With further premium rate increases and another year of benign weather
claims, household insurance was an attractive market in 2004. However, with
new entrants and existing players increasing their focus on growing market
share, this sector will become more competitive, putting downward pressure on
rates. This report looks at these issues, as well as providing a wealth of
further information.
    Churchills market share growth was the strongest of any of the top ten
household competitors in 2003. It has been boosted by its access to the
Prudential book of business and a number of important household insurance
contracts, including deals with Nationwide Building Society and Standard Life
Bank.
    A series of significant developments have dramatically altered the face of
the household market in 2004. Corporate partnerships have changed hands and
new competitors have entered the market. Royal & SunAlliance has lost several
important contracts during the course of the year, causing it to fall down the
household insurance rankings.

    This report provides:
     -- Extensive data on the UK household market, including premium income,
        profitability and competitor market shares.
     -- In depth analysis of the top ten domestic insurers books, as well as
        details of their home insurance strategies.
     -- Analysis of the changing nature of household insurance distribution,
        including the role of the Internet.
     -- Forecasts for household insurance GWP and profitability based on in-
        house expertise and primary research.

    Reasons to Purchase
     -- Benchmark your performance against your competitors in this
        increasingly competitive market
     -- Develop your future home insurance strategy using our unique forecasts
        and insight into key trends
     -- Target your customers more effectively and increase customer
        acquisition through a better understanding of household insurance
        consumers

    For more information visit
http://www.researchandmarkets.com/reports/c14502

     Laura Wood
     Senior Manager
     Research and Markets
     press@researchandmarkets.com
     Fax: +353 1 4100 980


SOURCE Research and Markets




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Photo Notes:http://www.newscom.com/cgi-bin/prnh/20040820/RESEARCH
Related links:
  • http://www.researchandmarkets.com/reports/c14502
    CONTACT:
    Laura Wood, Senior Manager, Research and
    Markets, Fax: +353-1-4100-980, press@researchandmarkets.com