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UK Motorcycle Insurance 2007 (Datamonitor)
- Market: Finance and Banking
- Published Date: 27/02/2008
- Report Title: UK Motorcycle Insurance 2007
- Table of Contents: View Table of Contents
- Report Type: Market Report
- Country: UK
- Number of Pages: 40
Introduction
The UK motorcycle insurance market experienced significant competitive pressures in both 2006 and 2007. This report examines the reasons behind this competition, as well as providing information on GWP, premium rates, and bike numbers. It also provides a GWP forecast up to and including 2011, making it essential reading for those with an interest in motorcycle insurance.
Scope
Analysis of market size and the drivers behind recent developments Detailed competitor analysis, comparing the relative performance of all major and emerging motorcycle insurers Detailed market forecast based on in-house model and expertise
Highlights
Competitive conditions in the market kept premium rates soft in 2006. Insurers, particularly the largest players in the market, were reported to have targeted growth in what remained a profitable market. According to industry executives interviewed, motorcyclists typically prefer to purchase through specialist brokers, and it is mainly brokers that have high brand awareness in the market, achieved through advertising and high profile sponsorships.
Reasons to Purchase
Benchmark your company against your competitors based on current and past performance in the market Target your motorcycle insurance proposition through a better knowledge of the trends in bike ownership Develop your future business plans from an informed viewpoint with market forecast.
The UK motorcycle insurance market experienced significant competitive pressures in both 2006 and 2007. This report examines the reasons behind this competition, as well as providing information on GWP, premium rates, and bike numbers. It also provides a GWP forecast up to and including 2011, making it essential reading for those with an interest in motorcycle insurance.
Scope
Analysis of market size and the drivers behind recent developments Detailed competitor analysis, comparing the relative performance of all major and emerging motorcycle insurers Detailed market forecast based on in-house model and expertise
Highlights
Competitive conditions in the market kept premium rates soft in 2006. Insurers, particularly the largest players in the market, were reported to have targeted growth in what remained a profitable market. According to industry executives interviewed, motorcyclists typically prefer to purchase through specialist brokers, and it is mainly brokers that have high brand awareness in the market, achieved through advertising and high profile sponsorships.
Reasons to Purchase
Benchmark your company against your competitors based on current and past performance in the market Target your motorcycle insurance proposition through a better knowledge of the trends in bike ownership Develop your future business plans from an informed viewpoint with market forecast.
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