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UK Commercial Property Insurance Market Size, Share, Competitor Dynamics, Key Trends and Opportunities 2016
Summary The UK commercial property insurance market is highly competitive and the market has been stuck in a soft period of the cycle for a prolonged period. The market witnessed a decline in 2015 and the profitability of the top players also remained subdued. High operating costs and continued competition via market overcapacity are cutting into insurers ' profitability.
Synopsis Verdict Financial ' s“ UK Commercial Property Insurance: Competitor Dynamics” report is one of a series providing a high-level look into insurer activity during the last year within a product area and benchmarks the leading insurers against each other. Each report looks at the top 10-20 players to see how they have performed but also to see how they have changed their overall propositions.
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Key Findings- The top 10 insurers account for 65.3 % of the market.
- Aviva remains the largest commercial insurer in the UK.- Aviva was the provider of choice for commercial brokers.
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Reasons To Buy- Benchmark yourself against other players in the market.
- Adapt your proposition to gain competitor advantage.
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