Monday, 5 January 2015

Term Life Insurance In The UK Research Report, Key Trends And Opportunities

Synopsis

The report provides market analysis and insights into the UK term life insurance business.
It also provides a snapshot of market size and market dynamics.
Furthermore, the report discusses key drivers, distribution channels and the outlook for the market.
It also summarises deals, news and regulatory developments in the category.

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Executive summary

This report is the result of extensive research into the term life insurance market in the UK, covering the market dynamics, outlook and competitive landscape. It provides estimates of the market size and forecasts for the term life insurance market, and discusses key products and distribution channels. The report also provides an overview of leading companies in the category, along with details of strategic initiatives undertaken.

Scope

This report provides a comprehensive analysis of the term life insurance market in the UK.
It provides historical values for the UK term life insurance market for the report’s 2009–2013 review period and forecast figures for the 2014–2018 forecast period.
It offers estimates of new business premiums collected in the market.
It provides an overview of market dynamics and drivers.
It profiles top term life insurers in the UK and outlines key challenges facing them.
It provides an overview of market dynamics and drivers.
It profiles top whole life insurers in the UK and outlines key challenges facing them.

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Reasons to buy

Gain an understanding of the UK term life insurance market.
Learn about the performance of market drivers, distribution channels and market dynamics.
Explore types of products and key competitors in the category.
Find out more on key deals and recent developments in the market.

Key highlights

Term life cover remains the most popular protection product.
Softening house-purchase lending activity may restrict new business sales growth;.
The MMR led to a shake-up in the protection advice market.
Providers are expected to simplify products and underwriting.
Budget changes expected to bring more attention to financial planning.

Table of Contents

1 Executive Summary

2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 Market Analysis
3.1 Market Size
3.1.1 Level- and decreasing-term life insurance new business premiums
3.1.2 UK long-term protection market, new regular business premiums by category
3.2 Market Drivers
3.3 Claims
3.4 Market Outlook
3.5 Distribution Channels

4 Competitive Landscape
4.1 Review – The Best Performers of 2013
4.2 Term Life Insurance – SWOT Analysis
4.3 Product Innovation

5 Deals and News
5.1 Aviva and Friends Life finalize GBP5.6 billion merger terms
5.2 Lloyds Cuts Protection Advice Ahead of Intermediary Launch
5.3 Prudential Sells 25% Stake in PruProtect and PruHealth
5.4 Protection Surge Mitigates Aviva Annuity Attrition
5.5 Legal and General Offers Free Life Cover to New Parents

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