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Research and Markets: UK Home Insurance Market Report 2014: Implementation of Flood Re, Legislated for in the Water Act 2014
[September 25, 2014]

Research and Markets: UK Home Insurance Market Report 2014: Implementation of Flood Re, Legislated for in the Water Act 2014


DUBLIN --(Business Wire)--

Research and Markets (http://www.researchandmarkets.com/research/vjkhmd/home_insurance) has announced the addition of the "Home Insurance Market Report 2014" report to their offering.

This report focuses particularly on the severe weather which battered the UK over the 2013/2014 winter and the effects this is likely to have on the market going forward, especially given the impacts of climate change, which many scientists believe will lead to more frequent severe weather events in the future. The Association of British Insurers (ABI), which provides much of the data found in this report, revealed that the first quarter of 2014 saw a 293.9% increase in the number of claims for weather damage compared with the first quarter of 2013, while the value of claims was 581.3% higher in that quartr than it was in 2013. This Report discusses the implementation of Flood Re, legislated for in the Water Act 2014, which will ensure those at the highest risk of flooding will be able to still insure their homes from 2015, when Flood Re comes into force. It also discusses other Government measures taken to help those affected by flooding, including residents of the inundated Somerset Levels.



This report forecasts that in the future the market in terms of net written premiums will grow by 7.6% between 2014 and 2018. Growth between 2015 and 2018 is likely to be only moderate, as a result of the impact of Flood Re and the protection this affords policyholders whose premiums would otherwise have to rise considerably.

Key Topics Covered:


1. Foreword

2. Executive Summary

3. Market Definition

4. Market Size

5. Industry Background

6. Competitor Analysis

7. Strengths, Weaknesses, Opportunities and Threats

8. Buying Behavior

9. Current Issues

10. The Global Market

11. Forecasts

12. Company Profiles

  • AXA Insurance
  • Ageas
  • Allianz
  • Aviva
  • CIS
  • CompareTheMarket.com
  • Confused.com
  • Direct Line
  • GoCompare.com Ltd
  • Hiscox
  • Legal and General Insurance
  • Liverpool Victoria
  • Lloyds Bank
  • MoneySupermarket.com
  • RSA (News - Alert)
  • The National Farmers Union Mutual Insurance Society Ltd

For more information visit http://www.researchandmarkets.com/research/vjkhmd/home_insurance


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