R&M on UK Commercial Property

Dublin-based Research and Markets has added Datamonitor’s new report: “UK Commercial Property Insurance 2007” to their offering.

The report “provides an in-depth analysis of the commercial property insurance market in the UK, analyzing the key trends in premium income, claims and profitability, giving the reader a unique insight into this market,” said the announcement.

The study takes an “an in depth look at changes in the market share and ratios of its top ten insurers.” It also discusses the major issues affecting the commercial property insurance sector.

R&M’s bulletin notes that while Royal and SunAlliance (R&SA) remains in “second place” behind Norwich Union (Aviva’s UK operating unit), it has “dramatically closed the gap.” Under this scenario (one of three the report examines) “the market is forecast to move into an underwriting loss in 2007 as players continue to cut premiums rates, while claims costs increase. Insurers are forecast to start increasing rates again in 2008 and as such GWP increases thereafter and the underwriting loss improves slowly to a ¤50 million [$98 million] loss in 2011.”

For more information go to: http://www.researchandmarkets.com/reports/c59505, or contact Research and Markets Laura Wood Senior Manager Fax: +353 1 4100 980 press@researchandmarkets.com.