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Research and Markets: UK Professional Indemnity Insurance: Competitor DynamicsDUBLIN --(Business Wire)-- Research and Markets (http://www.researchandmarkets.com/research/38mmrb/uk_professional) has announced the addition of the "UK Professional Indemnity Insurance 2012: Competitor Dynamics" report to their offering. The professional indemnity (PI) market is a segmented business based on professions. As such insurers within this space operate a segmented strategy, with each focusing on different professions based on size, profitability, and often where professionals are legally required to have PI cover in place. Competition continued to grow as new entrants targeted PI segments as areas of growth. This was particularly the case in the solicitors' market, where AmTrust, Latvia-based Balva, Bermuda-based Axis (News - Alert), and Gibraltar-based Elite all entered the market at October renewal. 2012 saw a number of insurers boosting their presence in the SME PI market, and according to Datamoitor's SME Insurance Survey 2012 the most successful was AXA, which boosted its share by 4.6%. Direct Line for Business and Legal & General also grew their books. According to Datamonitor's Broker Survey 2012, when asked which insurer brokers place the majority of their PI risks with, Markel came out as the overall favorite. Your key questions answered - Who are the top insurers within the PI market - Which professions have insurers targeted with new products - Who is successfully growing their SME book - Which insurer do brokers prefer to place their PI business with Reasons To Buy - Benchmark your position against the top PI insurers. - Identify the insurers national, super-regional and provincial brokers are placing their PI risks with. - Identify which new professions insurers are targeting. - Plan your SME strategy against the market leaders. Key Topics Covered OVERVIEW EXECUTIVE SUMMARY COMPETITOR DYNAMICS Introduction Few insurers grew in 2011 as GWP was sacrificed for profitability No change in competitor positions in 2012 except in SME Markel, Hiscox, and RSA (News - Alert) are the preferred insurers according to brokers The market has attracted new entrants and products Insurers and brokers are targeting new professions Conclusion APPENDIX TABLES FIGURES For more information visit http://www.researchandmarkets.com/research/38mmrb/uk_professional About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. |
