New Market Research Report Added in MarketResearchReports.Biz Reports Database:Creditor Insurance In The UK - Key Trends And Opportunities To 2017Synopsis
• The report provides market analysis, information and insights into the UK creditor insurance business
• Provides a snapshot of market size and market segmentation
• Comprehensive analysis of claims, drivers and market outlook
• Analysis of distribution channels
• Deals, news and regulatory developments
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http://www.marketresearchreports.biz/analysis-details/creditor-insurance-in-the-uk-key-trends-and-opportunities-to-2017
Executive summary
Creditor insurance protects policyholders against the risk of debt non-payment in the event of sickness or unemployment. The category has been thrust into an unfavorable spotlight following widespread controversy over the selling practices of payment protection policies by retail banks, the primary distributor of the product. The bank-led distribution model means that insurers constitute only a small proportion of the estimated GBP5 billion market. Gross written premiums reported in annual regulatory returns totaled GBP711 billion in 2012, and fell by 7.9% from a year earlier. Underscoring the process of consolidation in the category, premiums have fallen at a compound annual growth rate (CAGR) of -7.4% since 2008. The review period was characterized by recession and high unemployment. Despite economic uncertainty and rising job insecurity, which should have supported demand for creditor insurance, growth in the category was impaired by a combination of regulatory intervention, negative press coverage and customer resentment. In addition, lengthy investigations and a costly redress program triggered banks to withdraw from the distribution process.
Scope
• This report provides market analysis, information and insights into the UK creditor insurance business
• It provides a global snapshot of market size
• It analyses drivers and the outlook for the market
• It provides information on distribution channels
• It covers deals, news and regulatory developments
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http://www.marketresearchreports.biz/sample/sample/180434
Reasons to buy
• Gain an understanding of UK creditor insurance market size
• Learn about the performance of market drivers and distribution channels
• Understand the competitive landscape in terms of performance, profitability and product innovation
• Find out more on key deals and recent developments in the market
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