CATALYST 1
SUMMARY 1
UK ACCIDENT AND HEALTH INSURANCE PERFORMANCE RATIO ANALYSIS 2
The total market loss ratio was higher in 2008, although commission expenses fell 2
The total market COR remained almost unchanged at 97.4% in 2008 2
The accident and health market has been experiencing a greater incidence of fraud throughout the downturn 2
The top 10 UK accident and health insurance groups demonstrated mixed performances in 2008 3
APPENDIX 8
Supplementary data 8
Definitions 9
Acquisition cost 9
Administrative expenses 9
Combined ratio 9
Commission expenses 9
Further reading 9
Ask the analyst 9
Datamonitor consulting 9
Disclaimer 10
List of Tables
Table 1: Top 10 UK accident and health insurance groups' performance ratios, 2008 (%) 7
Table 2: Top 20 UK accident and health insurers and total market size by GWP, 2005-08 (£000s) 8
List of Figures
Figure 1: Over recent years, the UK A&H market has consistently made a reported-year underwriting profit 3
Figure 2: BUPA once again had a successful year as the number one UK A&H insurer in 2008 5
Figure 3: Standard Life, Western Provident Association and RBS all achieved reported-year profits in 2008 6