R&M Report on U.K. Employer’s Liability Market Sees Slower Growth

Dublin-based Research and Markets has announced the addition of UK Commercial Liability Insurance 2005 to their offering, which it describes as “a market based report looking in-depth at the three key liability sectors about which little objective information is available: employer’s liability, professional indemnity and directors and officers.”

R&M said: “This report provides extensive coverage of the employer’s liability, professional indemnity and directors and officers markets. It contains the results of two exclusive surveys of SMEs and brokers and draws on data from the Association of British Insurers, the SynThesys Non-Life database and a wide range of other key resources.”

The report indicates that the “employer’s liability market is expected to grow at a significantly slower rate over the course of the next five years and is forecast to be worth approximately £3 billion [$5.48 billion] by 2009. Steady growth is predicted in 2005 for both merger and acquisition activity and the number of new listings, which could open the door for directors and officers insurers to offer innovative new products to a potentially wider audience. In the eyes of commercial liability brokers, insurers appear to be doing a very good job. Satisfaction levels are high, as is apparent from the 41.3 per cent of brokers we interviewed who described themselves as very satisfied with their insurance partners.”

The report aims to give a “comprehensive understanding of the current liability environment including current market size data accompanied by market forecasts,” the bulletin continued. “It will help you to benchmark your ratio performance against other key players, gaining an unrivalled perspective on competitive dynamics. The report will enable you to improve your offering using insight from two exclusive B2B surveys and establish better relationships with brokers and SMEs by understanding their needs.”

For more information consult the R&P Website at: http://www.researchandmarkets.com/reports/c17923, or contact Laura Wood, Senior Manager of Research and Markets, press@researchandmarkets.com , or fax, +353-1-4100-980