|
(MoneyNewsWire.Net, October 26, 2016 ) Bringing this to life, the context of the UK's economic growth, business landscape, and the impact of a post-Brexit environment are all taken into consideration to build a full picture of this space. Key announcements, shifts in the market, and likely future changes are analyzed for impact across all relevant stakeholders.
Request For Sample: http://www.reportsweb.com/inquiry&RW00020640/sample
Report Summary
The UK Employer’s liability insurance market continues to be characterized by overcapacity and unprofitability. While underlying demand for Employer’s liability has steadily increased in recent years, premium rates continue to lag behind claims inflation. In the wake of the uncertainties created by the Brexit vote and the government's personal injury reforms, the market could be in for a turbulent few years.
Inquire Before Buying: http://www.reportsweb.com/inquiry&RW00020640/buying
Key Findings
- UK Employer’s liability market gross written premium grew by 1% in 2015, hampered by tough underwriting conditions in a competitive market. Premium rates are currently reported to be largely flat to slightly negative across the UK as a whole.
- Employer’s liability remains unprofitable; the sector has not made an underwriting profit since 2005. The market continues to be propped up by reserve releases, which are showing no signs of slowing down.
Inquire For Discount: http://www.reportsweb.com/inquiry&RW00020640/discount
- The level of claims inflation has reduced due to the success of LASPO and fixed recoverable costs. However, this is likely to be temporary, and inflation for catastrophic losses remains above 10%.
- The number of accident and disease Employer’s liability claims recorded fell significantly in 2015-16 (-16.3%) due to a reduction in the impact of the LASPO spike, the start of a decline in noise-induced hearing loss (NIHL) claims, and continued improvements in workplace health and safety.
- However, disease claims settled are yet to show any signs of falling (+29.1% in 2015-16), reflecting the greater length of time it takes to settle disease claims and the time lag before insurers will feel the impact of any reduction in NIHL claims recorded.
Reason to Buy
- Review your strategy against both existing and new challenges regarding the Employer’s liability market.
- Benchmark against the market's experience of market size, growth, performance, and claims environment.
Contact us @ +16464919876
Contact Email: sales@reportsweb.com
ReportsWeb.com
Priya Sisodia
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com 
|
