UK SME Insurance Market Segmentation and key Players Analysis 2017

Pune, India, 15th December 2017: WiseGuyReports announced addition of new report, titled “UK SME Insurance: Competitor Dynamics 2017”.

Pune, India - December 15, 2017 /MarketersMedia/ —

Summary
"UK SME Insurance: Competitor Dynamics 2017", looks at which insurers lead the way in the SME segment and how they are developing their propositions, as well as highlighting how competitor positions vary between micro, small, and medium enterprises. It examines which insurers are winning over brokers and which companies SMEs are placing their business with.

AXA and Aviva dominate the SME insurance space across the vast majority of the 16 commercial products listed in our 2017 UK SME Insurance Survey. Other insurers present in the market play to their strengths when servicing SMEs. Hiscox and Zurich are popular providers for liability products, while Allianz and Direct Line are strong in commercial motor. The main story from the 2017 results is of AXA’s lead narrowing. While Aviva’s share also fell, the margin in market shares between the two has reduced in the vast majority of the nine lines that AXA and Aviva place first and second respectively.

GET SAMPLE REPORT @ https://www.wiseguyreports.com/sample-request/2456959-uk-sme-insurance-competitor-dynamics-2017

Scope
- AXA and Aviva lead the SME insurance space, with 13.9% and 11.3% of SMEs respectively holding a commercial insurance policy with these providers.
- AXA remains dominant across the 16 product lines, but Aviva is closing the gap.
- Brokers place the most SME business with Allianz, Aviva, and AXA.

Companies mentioned
AXA
Aviva
Allianz
Direct Line
Zurich
Hiscox
RSA
NFU Mutual
Lloyds
Travelers
LV=
AA

Reasons to buy
- Benchmark yourself against the rest of the market.
- Ensure you remain competitive as new innovations and insurance models begin to enter the market.
- Adapt your distribution strategy to ensure it is efficient and still meets customer purchasing behavior.

Table of Content: Key Points
1. EXECUTIVE SUMMARY 2
1.1. AXA and Aviva continue to lead the market 2
1.2. Key findings 2
1.3. Critical success factors 2
2. THE SME MARKET AND ITS LEADING COMPETITORS 7
2.1. Introduction 7
2.2. Allianz and Aviva continue to lead the way for brokers 7
2.3. Aviva’s dominance in non-packaged insurance has been challenged 9
2.4. The increasing focus on cybercrime is an opportunity for insurers 11
2.4.1. Some insurers are looking to innovate to gain an edge in a tough market 11
2.5. The key players 12
2.5.1. AXA is looking into its commercial motor offering 12
2.5.2. Aviva revamps cyber cover 13
2.5.3. Allianz focuses on Brexit 13
2.5.4. Hiscox embraces technology 13
2.5.5. Zurich targets education 13
2.6. Technology is emerging in the market 14
2.6.1. New entrants are rare, but the Financial Conduct Authority sandbox is showing promise 15
3. PRODUCT POSITIONING 16
3.1. AXA is the dominant insurer, but Aviva is closing the gap 16
3.1.1. Aviva performs well in commercial motor lines, while Allianz is popular with larger SMEs 17
3.1.2. Hiscox is popular in non-motor lines 18
3.1.3. Direct Line remains strong in motor lines 19
3.1.4. NFU Mutual is strong in niche commercial motor lines 19
4. NPS 37
4.1. Hiscox has the edge in customer satisfaction 37
…Continued

ACCESS REPORT @ https://www.wiseguyreports.com/reports/2456959-uk-sme-insurance-competitor-dynamics-2017

Get in touch:
LinkedIn: www.linkedin.com/company/4828928
Twitter: https://twitter.com/WiseGuyReports
Facebook: https://www.facebook.com/Wiseguyreports-1009007869213183/?fref=ts

Contact Info:
Name: NORAH TRENT
Email: Send Email
Organization: WISEGUY RESEARCH CONSULTANTS PVT LTD
Address: Office No. 528, Amanora Chambers
Phone: +91 841 198 5042

Source URL: https://marketersmedia.com/uk-sme-insurance-market-segmentation-and-key-players-analysis-2017/278715

For more information, please visit http://www.wiseguyreports.com

Source: MarketersMedia

Release ID: 278715

More News From Fortune Week

Charles Wang, former New York Islanders owner, dies at 74

Oct 21, 2018

OYSTER BAY, N.Y. — Charles Wang, a technology company founder and former owner of the New York Islanders hockey team, died Sunday. He was 74. Wang died in Oyster Bay, New York, said his attorney John McEntee in an emailed statement. A cause of death was not disclosed. Wang "was an entrepreneur, visionary, author, and philanthropist but will be remembered most affectionately by those who knew him for his love of life, family, and friends," McEntee said in his statement. He bought the Islanders in 2000 along with Sanjay Kumar, then the president of Computer Associates International, which Wang founded...

Cybersecurity 'Paul Revere' touts adversarial model

Oct 21, 2018

BURLINGTON, Mass. — Chris Wysopal and his Boston hacker collective pals from the L0pht sounded the alarm on the sad state of software vulnerability in a now-legendary 1998 appearance before Congress. Then-Sen. Joe Lieberman hailed the group as "modern-day Paul Reveres." Wysopal remains active in cybersecurity today as chief technology officer of Veracode, now part of CA Technologies. He spoke with The Associated Press recently on the state of security. Questions and responses have been edited for clarity and length. Q: How did Microsoft in 2002 come to embrace the mindset of allowing friendly, "white-hat" hackers to pick apart software...

AP Analysis: Saudi prince likely to survive worst crisis yet

Oct 21, 2018

DUBAI, United Arab Emirates — The killing of Saudi journalist Jamal Khashoggi at the kingdom's consulate in Istanbul is unlikely to halt Crown Prince Mohammed bin Salman's rise to power, but could cause irreparable harm to relations with Western governments and businesses, potentially endangering his ambitious reform plans. International outrage over Khashoggi's Oct. 2 slaying at the hands of Saudi officials, under still-disputed circumstances, has marked the greatest crisis in the 33-year-old's rapid rise, already tarnished by a catastrophic war in Yemen and a sweeping roundup of Saudi businessmen and activists. The prince had hoped to galvanize world support for...

The Latest: Mixed reaction in Congress to Trump treaty move

Oct 21, 2018

WASHINGTON — The Latest on President Donald Trump's decision to pull the U.S. from an arms control agreement with Russia (all times local): 10:45 a.m. There doesn't seem to be a consensus in Congress about whether President Donald Trump is making the right move when he says he will withdraw the United States from an arms control agreement with Russia. Sen. Rand Paul says he thinks it's "a big, big mistake to flippantly get out of this historic agreement." He tells "Fox News Sunday" that both sides accuse the other of violations, and he wants to have "a rational discussion"...

Largest ship ever built for British Navy visits New York

Oct 21, 2018

NEW YORK — The largest ship ever built for Great Britain's Royal Navy is visiting New York for a week. The aircraft carrier HMS Queen Elizabeth sailed into New York Harbor on Friday carrying about 1,500 sailors. Commanding officer Capt. Jerry Kyd called the visit "very symbolic of the intimate relationship the Royal Navy has with the U.S. Navy and Marine Corps." The ship is anchored in view of the Statue of Liberty and can be seen by Staten Island Ferry commuters. The 932-foot (284-meter) warship carries up to 60 aircraft. British Defense Minister Gavin Williamson welcomed the Queen Elizabeth...