R&M Reports on U.K. Commercial

April 19, 2006

Dublin-based Research and Markets announced the addition of UK Commercial Liability Insurance 2006 to their offering. The research firm said the new report presents “an overview of three key UK liability markets: Employers liability, professional indemnity and directors & officers.”

The report includes the following:
— Analysis of competitive issues within three key markets, supported by interviews with industry executives and data from a range of secondary sources.
— Sizes the employers liability, professional indemnity and directors and officers sectors, providing competitors GEP, market share and claims ratios data.
— Forecasts GWP growth up to and including 2010, based on our in-house expertise and interviews with senior industry executives.

R&M notes: “Most new entrants have ambitious premium income targets in order to cover their initial expense bases and will therefore write for top line growth in their first years. Having no established expertise in the market, pricing aggressively is the main competitive tool available to new entrants.

“It is believed that there are risk types within professional indemnity that are simple enough to be suited to direct selling, and it is therefore likely that some insurers will include professional indemnity insurance in their general push towards selling simpler commercial insurance policies direct.

“Given that the price hikes seen between 2001 and 2003 were deemed necessary for the profitability of the employers liability sector, and given that the sector had still not returned a positive underwriting result when the price increases came to a halt in 2004, the softening of rates in 2005 is clearly not sustainable.

For more information visit http://www.researchandmarkets.com/reports/c35693;or contact: Research and Markets – Laura Wood – Fax: +353 1 4100 980; by e-mail at:

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