Extended Warranty Insurance in the UK - Key Trends and Opportunities to 2018

Published: Feb, 2015 | Pages: 58 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis
This report is the result of extensive research on the extended warranty insurance category in the UK, covering the market dynamics, the competitive landscape and the consumer perspectives through insights and forecasts. It also discusses key products and distribution channels and gives an overview of the leading companies in the category, along with details of their business performances.

Summary
The report provides market analysis and insights into the UK extended warranty insurance business.
It also provides a snapshot of market size and market dynamics.
Furthermore, the report discusses key drivers, distribution channels and the outlook for the market.
It also summarises deals, news and regulatory developments in the category.

Scope
This report provides a comprehensive analysis of the extended warranty insurance market in the UK.
It provides historical values for the UK extended warranty insurance market for the report’s 2009–2013 review period and forecast figures for the 2014–2018 forecast period.
It offers analysis and outlooks of distribution channels.
It provides an overview of market dynamics and market drivers.
It profiles top extended warranty insurers in the UK and outlines their performances.

Reasons To Buy
Gain an understanding of the UK extended warranty insurance market.
Learn about the performance of market drivers, distribution channels and market dynamics.
Explore key competitors in the category and their performances.
Find out more on key regulations and recent developments in the market.

Key HighLights
Extended warranty insurance premiums recovered in 2013 after consecutive falls.
The segment contracted as traditional market drivers slumped.
Insurers tend to stay in the background, or out of the market altogether.
Domestic & General cemented its market-leading.
Premiums are expected to grow until 2018.

 Table of Contents
1 Executive Summary

2 Introduction
2.1 What is this Report About? 
2.2 Definitions
2.3 Methodology

3 Market Analysis
3.1 Introduction and Market Background
3.2 Market Size
3.2.1 Penetration and density
3.3 Market Drivers
3.3.1 Consumer sentiment
3.3.2 Retail
3.3.3 Motor market
3.4 Distribution Channels
3.5 Market Outlook

4 Competitive Landscape
4.1 Participants
4.2 Performance at Company Level
4.3 Extended Warranty Insurance – SWOT Analysis

5 Porter’s Five Forces Analysis
5.1 Bargaining Power of Suppliers: Medium
5.2 Bargaining Power of Buyers: Low to Medium
5.3 Barriers to Entry: Low to Medium
5.4 Intensity of Rivalry: Medium
5.5 Threat of Substitution: Medium

6 News and Deals
6.1 Co-op Electrical Cuts the Cost of Extended Warranties
6.2 FCA Investigates Add-On Practice in Non-Life Insurance
6.3 British Insurers Criticize EU Insurance Solvency II Regulation

7 Regulation and Compliance
7.1 Regulatory framework
7.2 Regulatory Changes
7.2.1 Consumer Insurance (Disclosure and Representations) Act
7.2.2 Consumer Contracts (Information, Cancellation And Additional Charges) Regulations
7.3 Upcoming Regulation
7.3.1 Solvency II
7.3.2 Senior Insurance Managers Regime
7.3.3 Insurance Bill

8 Economic Backdrop
8.1 Real GDP growth
8.2 Demographics
8.3 Labor Market and Household Spending Power
8.4 Inflation and Interest Rates

9 Company Profiles
9.1 Ace European Group Ltd – Company Overview
9.1.1 Ace European Group Ltd – key facts
9.1.2 Ace European Group Ltd – main products
9.1.3 Ace European Group Ltd – main competitors
9.1.4 Ace European Group Ltd – key employees
9.2 Ageas (UK) Ltd – Company Overview
9.2.1 Ageas (UK) Ltd – key facts
9.2.2 Ageas (UK) Ltd – main products
9.2.3 Ageas (UK) Ltd – main competitors
9.2.4 Ageas (UK) Ltd – key employees
9.3 AIG Europe Ltd – Company Overview
9.3.1 AIG Europe Ltd – key facts
9.3.2 AIG Europe Ltd – main products
9.3.3 AIG Europe Ltd – main competitors
9.3.4 AIG Europe Ltd – key employees
9.4 Allianz Plc – Company Overview
9.4.1 Allianz Plc – key facts
9.4.2 Allianz Plc – main products
9.4.3 Allianz Plc – main competitors
9.4.4 Allianz Plc – key employees
9.5 AmTrust Europe Ltd – Company Overview
9.5.1 AmTrust Europe Ltd – key facts
9.5.2 AmTrust Europe Ltd – main products
9.5.3 AmTrust Europe Ltd – main competitors
9.5.4 AmTrust Europe Ltd – key employees
9.6 Axa UK Plc – Company Overview
9.6.1 Axa UK Plc – key facts
9.6.2 Axa UK Plc – main products
9.6.3 Axa UK Plc – main competitors
9.6.4 Axa UK Plc – key employees
9.7 Domestic & General Plc – Company Overview
9.7.1 Domestic & General Plc – key facts
9.7.2 Domestic & General Plc – main products
9.7.3 Domestic & General Plc – main competitors
9.7.4 Domestic & General Plc – key employees
9.8 Pinnacle Plc – Company Overview
9.8.1 Pinnacle Plc – key facts
9.8.2 Pinnacle Plc – main products
9.8.3 Pinnacle Plc – main competitors
9.8.4 Pinnacle Plc – key employees
9.9 QBE Insurance (Europe) Ltd – Company Overview
9.9.1 QBE Insurance (Europe) Ltd – key facts
9.9.2 QBE Insurance (Europe) Ltd – main products
9.9.3 QBE Insurance (Europe) Ltd – main competitors
9.9.4 QBE Insurance (Europe) Ltd – key employees
9.10 Red Sands (Europe) Ltd – Company Overview
9.10.1 Red Sands (Europe) Ltd – key facts
9.10.2 Red Sands (Europe) Ltd – main products
9.10.3 Red Sands (Europe) Ltd – main competitors
9.10.4 Red Sands (Europe) Ltd – key employees

10 Statistics
10.1 Review Period 2009–2013
10.2 Forecast Period 2014–2018

11 Appendix
11.1 Methodology
11.2 Contact Timetric
11.3 About Timetric
11.4 Timetric’s Services
11.5 Disclaimer"

List of Tables
Table 1: Insurance Industry Definition
Table 2: The UK – Extended Warranty Insurance Companies, 2014
Table 3: The UK – GEP of the Extended Warranty Market Leader (GBP Thousand), 2009–2013
Table 4: The UK – Extended Warranty Insurance – SWOT Analysis
Table 5: Ace European Group Ltd – Key Facts
Table 6: Ace European Group Ltd – Main Products
Table 7: Ace European Group Ltd – Key Employees
Table 8: Ageas (UK) Ltd – Key Facts
Table 9: Ageas (UK) Ltd – Main Products
Table 10: Ageas (UK) Ltd – Key Employees
Table 11: AIG Europe Ltd – Key Facts
Table 12: AIG Europe Ltd – Main Products
Table 13: AIG Europe Ltd – Key Employees
Table 14: Allianz Plc – Key Facts
Table 15: Allianz Plc – Main Products
Table 16: Allianz Plc – Key Employees
Table 17: AmTrust Europe Ltd – Key Facts
Table 18: AmTrust Europe Ltd – Main Products
Table 19: AmTrust Europe Ltd – Key Employees
Table 20: Axa UK Plc – Key Facts
Table 21: Axa UK Plc, Main Products
Table 22: Axa UK Plc – Key Employees
Table 23: Domestic & General Plc – Key Facts
Table 24: Domestic & General Plc – Main Products
Table 25: Domestic & General Plc – Key Employees
Table 26: Pinnacle Plc – Key Facts
Table 27: Pinnacle Plc – Main Products
Table 28: Pinnacle Plc – Key Employees
Table 29: QBE Insurance (Europe) Ltd – Key Facts
Table 30: QBE Insurance (Europe) Ltd – Main Products
Table 31: QBE Insurance (Europe) Ltd – Key Employees
Table 32: Red Sands (Europe) Ltd – Key Facts
Table 33: Red Sands (Europe) Ltd – Main Products
Table 34: Red Sands (Europe) Ltd – Key Employees
Table 35: The UK – Extended Warranty Insurance (GBP Thousand), 2009–2013
Table 36: The UK – Extended Warranty Insurance (GBP Thousand), 2014–2018

List of Figures
Figure 1: The UK – GWP of Extended Warranty Insurance, 2009–2013
Figure 2: The UK – Extended Warranty Insurance, Penetration Rate and Density, 2009–2013
Figure 3: The UK – Disposable Household Income per Capita, 2002–2012
Figure 4: The UK – Household Expenditure on Durable Goods, 2005–2014
Figure 5: The UK – Retail Stores Sales Value, Selected Lines, 2005–2014
Figure 6: The UK – Vehicles Registered for the First Time, 2001–2014
Figure 7: The UK – Licensed Cars and Average Car Age, 2005–2015
Figure 8: The UK – Internet Retail Sales, 2010–2014
Figure 9: The UK – GWP Extended Warranty Insurance, 2014–2018
Figure 10: The UK – Extended Warranty GWP, Selected Companies, 2011–2013
Figure 11: The UK – Ext. Warranty to Total Non-Life GWP, Selected Companies, 2011–2013
Figure 12: The UK – Extended Warranty Insurance, Five Forces Analysis
Figure 13: The UK – Insurance Regulatory Framework
Figure 14: The UK – Real GDP Growth, 2009–2018
Figure 15: The UK – Demographics, 1995–2013
Figure 16: The UK – Labor Market, 2004–2014
Figure 17: The UK – Average Weekly Earnings, 2004–2013
Figure 18: The UK – CPI Headline and Extended Warranty-Related Inflation, 2004–2014
Figure 19: The UK – Bank of England Interest Rate, 2003–2014