This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.Good for profit: Premiums are set to pick up in 2023-24 due to a rise in claims and material costs
Over the five years through 2023-24, the Home Insurance industry's revenue is anticipated to decline at a compound annual rate of 1.9% to £5.2 billion, including growth of 2.1% in 2023-24. Revenue is comprised of premium income and investment income. Insurers must maintain enough capital reserves to meet liabilities in the event of a claim; insurers invest premium income in a diverse range of asset classes to gain a return.
Companies in this industry underwrite home insurance policies. This means they assume the risk for the insurance and decide the appropriate premium. These policies protect against loss of or damage to property and contents due to theft, fire and other causes.
Table of Contents
About this Industry- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
Industry Performance
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Major Markets
- Globalisation & Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Barriers to Entry
Operating Conditions
- Capital Intensity
- Industry Data
- Annual Change
- Key Ratios
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- RSA Insurance Group Ltd
- Direct Line Insurance Group plc
- Lloyds Banking Group plc
- Aviva plc
- AXA Insurance UK plc
Methodology
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