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Research and Markets: In June 2009, AXA Announces That It Had Secured A New Partnership With Low-Cost Airline Ryanair Read More Inside The UK General Insurance Competitor Tracker Q2 2009

Dépèche transmise le 13 août 2009 par Business Wire

DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/dd3ff5/uk_general_insuran) has announced the addition of the "UK General Insurance Competitor Tracker Q2 2009" report to their offering.

The UK General Insurance Competitor Tracker Q2 2009 reviews the major developments among the leading competitors in the UK general insurance market including Aviva, RBS Insurance, AXA, RSA and Zurich. It includes information on a range of issues including new product launches, new affinity partnerships and other trading relationships and merger and acquisition activity.

Scope

  • Information on new product developments, acquisition activity, new corporate partnerships and other new trading relationships.
  • Insight on the following competitors: Allianz, AXA, Aviva, Fortis, Groupama, The Lloyds Banking Group, RBS Insurance, RSA, Towergate and Zurich.

Highlights of this title

In June 2009, AXA announced that it had secured a new partnership with low-cost airline Ryanair. The airline currently has 67 million customers. Under the deal, AXA will provide travel insurance to Ryanair customers in the form of single trip, multi trip and annual cover.

Fortis Insurance and the supermarket giant Tesco have signed an agreement pursuant to which Fortis will take over as Tescos home and motor insurance underwriter. The account is one of the largest in the market and should significantly increase Fortis market share.

Groupama is using cognitive interviewing techniques to improve its detection of motor claims fraud. The insurer stated that a new team had undergone rigorous and comprehensive training to enable the use of this highly specialized technique.

Key reasons to purchase this title

  • Keep up to date with the new trading relationships that your competitors have entered into, including deals with affinity partners.
  • Understand the new products which your competitors are bringing to market, the main features of these products and the intended target market.
  • Keep abreast of the insurance company or broker acquisitions that your competitors are making.

Key Topics Covered:

SUMMARY

  • Overview
  • Allianz secured a new SME broker partnership and reported growth in its UK business
  • Allianz grew its GWP by 2.7% in the first quarter of 2009
  • Allianz secured a three-year SME partnership with broker R A Cowen & Partners
  • Aviva launched Facility 110 to allow members to access the Lloyds market
  • Aviva launched a new replacement broker website and trading platform
  • Aviva launched Facility 110 with broker Miles Smith
  • AXA sold SBJ Global Risks and secured a travel insurance deal with Ryanair
  • AXA entered into a new partnership with Ryanair
  • Swiftcover acquired specialist personal motor claims provider
  • AXA sold its global risks arm, SBJ Global Risks
  • Underwriting agency David Oliver signed a three-year travel partnership with AXA
  • Fortis agreed to a deal with Tesco and secured a five-year deal with a new MGA
  • Fortis will underwrite home and motor insurance for supermarket giant Tesco
  • Fortis secured a five-year deal with a new MGA
  • Fortis added new products to Towergate subsidiary PowerPlace
  • Groupama introduced cognitive interviewing to curb fraud
  • Groupama has deployed cognitive interviewing techniques to tackle fraud
  • Groupama restructured its personal and commercial lines divisions
  • Liverpool Victoria is to become the sole commercial and residential property underwriter for InsureIT
  • Liverpool Victoria launched products on InsureIT
  • LV launched a new commercial package trading website for brokers
  • Lloyds Banking Groups brand esure is to combat fraud through the use of cognitive interviewing
  • esure deployed cognitive interviewing techniques to combat motor insurance fraud
  • RBS announced a fall in operating profits for its insurance division
  • RBSI reported a 31% decrease in operating profits in Q1 2009
  • RSAs UK net written premium declined in Q1 2009
  • RSA reported a contraction in both its UK commercial and personal lines in Q1 2009
  • Zurich witnessed a fall in its global profits in Q1 2009 and launched a new advertisement campaign to help grow its direct business
  • Zurich launched a new advertisement campaign to help grow its direct business

APPENDIX

For more information visit http://www.researchandmarkets.com/research/dd3ff5/uk_general_insuran.

Source: Datamonitor

Business Wire

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