London, UK (PRWEB) June 20, 2013
In 2011, gross written premiums of the private motor insurance industry in the UK grew by over 6.65% y-o-y. Increasing disposable incomes, mandatory motor third-party liability insurance and constant rise in private car registrations are the key factors driving the growth of the UK private motor insurance industry. Meanwhile, macroeconomic pressures represent the possible challenge to the market development.
The country’s private motor insurance industry is poised for further growth by an average 3.39% annually through 2016. This growth is likely to be supported by the economic strengthening in the UK, renewed consumer confidence and lower prices offered insurance companies.
Research report “Private Motor Insurance in the UK, Key Trends and Opportunities to 2016” elaborated by Timetric has been recently published by Market Publishers Ltd.
Title: Private Motor Insurance in the UK, Key Trends and Opportunities to 2016
Published: May, 2013
Price: US$ 2,795.00
The report provides a detailed analysis of the UK private motor insurance market. It covers actual market state, describes the historic background of the market, discloses vital data on the market size and segmentation and contains Porter’s five forces analysis. The study identifies key factors driving and restraining the market; outlines top market opportunities and challenges; and also discusses important industry issues such as distribution channels, regulatory framework and consumer preferences. The research report sheds light on the recent news and latest deals related to the industry; delves into the competitive environment and profiles leading companies. Moreover, future market outlook is on hand in the report.
More insightful market research studies by the publisher can be found at Timetric page.