|[July 23, 2014]
Research and Markets: Personal Accident and Health Insurance in the UK 2014-2018
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/6h3s7d/personal_accident)
has announced the addition of the "Personal
Accident and Health Insurance in the UK, Key Trends and Opportunities to
2018" report to their offering.
The UK personal accident and health insurance segment registered as the
fastest growing in the industry, with a review-period (2009-2013)
compound annual growth rate (CAGR) of 3.8%, despite low individual
investments and consumer confidence levels as a result of the financial
and debt crisis. The segment accounted for 3.4% of the total gross
written premiums in 2013.
Growth was partly attributed to an increase in outbound travel, rising
healthcare expenditure, economic improvements and perceived inadequacies
in the government-funded universal healthcare scheme, and growing
awareness of the benefits of personal accident and health insurance.
These factors, coupled with the rise in per capita annual disposable
income and the aging population, are expected to support the segment
over the forecast eriod (2013-2018). As such, the segment's gross
written premium is projected to increase at a forecast-period CAGR of
The UK's personal accident and health insurance segment registered as
the fastest growing in the industry, with a review-period (2009-2013)
compound annual growth rate (CAGR) of 3.8%.
The country has both a public health service - the NHS - as well as
private health system.
As of 2012, the NHS provided services to 85% of the population, while
private health providers accounted for the remaining 15%.
The increasing trend towards private health insurance was due to long
waiting times and limited availability of specialists who accept NHS
In terms of gross written premium, the personal accident category
accounted for the second-largest share of the personal accident and
health segment in 2013, with 24.7%.
The UK travel insurance category is slowly recovering after a bad
phase during the global economic slowdown.
Key Topics Covered:
1 Executive Summary
3 Regional Market Dynamics
4 Personal Accident and Health Insurance Segment - Regional Benchmarking
5 UK Insurance Industry Attractiveness
6 Personal Accident and Health Insurance Outlook
7 Analysis by Distribution Channels
8 Porter's Five Forces Analysis - UK Personal Accident and Health
9 Reinsurance Growth Dynamics and Challenges
10 Governance, Risk and Compliance
11 Competitive Landscape and Strategic Insights
12 Business Environment and Country Risk
AIG Europe Ltd
Axa UK Plc
Bupa (British United Provident Association) Ltd
Cigna Life Insurance Company of Europe
Direct Line Insurance Group Plc
Great Lakes Reinsurance (UK) Plc
Simplyhealth Group Ltd
Western Provident Association Ltd
For more information visit http://www.researchandmarkets.com/research/6h3s7d/personal_accident
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