UK General Insurance Competitor Tracker Q2 2010
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Introduction
The UK General Insurance Competitor Tracker Q2 2010 reviews major developments among the leading competitors in the UK general insurance market including AXA, Aviva, Fortis, LV=, RSA and Zurich. It includes information on a range of issues including new product launches, new affinity partnerships and summaries of H1 financial reports.
Scope
- Information on business performance, new product developments, acquisition activity, new corporate partnerships and other new trading relationships.
- Insight on the following competitors: Allianz, AXA, Aviva, Fortis, LV=, RSA and Zurich.
UK General Insurance Competitor Tracker Q2 2010
Highlights
Aviva generated an operating profit of £229m from its UK General Insurance division, which was down 7.0% on H1 2009. This largely comprised investment returns of £212m.
In 2009 it was reported that the combined reported revenue of Kwik-Fit Insurance Services Group was £89m. It is expected that the transaction will be finalized in Q4 2010 and will make Fortis the fourth largest personal lines intermediary distributor in the UK.
Groupama has adapted its tradesman’s policies, the Optima Trade Plus range, to incorporate more part-time staff who work fewer than 16 hours during the week and which cover public and employer’s liability, tools, trade contents, contract works, business interruption and personal accident.
Reasons to Purchase
- Keep up to date with the new trading relationships that your competitors have entered into including deals with affinity partners.
- Understand the new products which your competitors are bringing to market, the main features of these products and the intended target market.
- Keep abreast of the insurance company or broker acquisitions that your competitors are making.
