Research & Markets: HBOS Has Stated Its Intention to Exploit Increased Churn in the UK's Motor Market.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c50492) has announced the addition of HBOS HBOS Halifax Bank of Scotland : UK Personal General Insurance Competitor Profile 2006 to their offering. This profile contains an overview of HBOS personal general insurance business in the UK, focusing on product and distribution strategy, in addition to the company's performance in its key lines of business. Scope of this title: - Unique data on HBOSs UK personal insurance business, including premium income and performance ratios - A combination of primary and secondary research, including FSA FSA Financial Services Authority FSA Food Standards Agency (UK) FSA Farm Service Agency (USDA) FSA Financial Services Agency (Japan) Returns, investor relations Investor relations The process by which the corporation communicates with its investors. analysis, and advertising statistics Highlights of this title: HBOS has stated its intention to exploit increased churn churn: see butter. in the motor market. HBOS management believe that a greater proportion of motor policyholders will shop around as private motor rates increase and that its Esure, Shelias Wheels, Sainsburys and Halifax brands will be well positioned to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. this increased churn. Reasons to order your copy: - Gain insight into HBOSs corporate and personal lines strategy, along with the insurers structure and focus - Understand HBOSs personal lines business through unique data and analysis Topics Covered Chapter 1. Introduction What is this report about? Who is the target reader? How to use this report Chapter 2. HBOS UK personal general insurance competitor profile HBOS Insurance trades under a number of subsidiaries and is part of the HBOS Group HBOS General Insurance is part of the HBOS Group HBOS General Insurance trades and underwrites through a number of subsidiaries HBOS pursues a multi-brand strategy HBOS is a personal lines only underwriter underwriter n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite) UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer. , operating largely through Esure and St. Andrew's St. Andrew's home insurance growth has far exceeded that of the overall market As a relatively new player, Esure has recorded very high growth levels in personal insurance St. Andrew's household insurance business has grown significantly since HBOS brought underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. in-house In-house In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction with the firm. Esure's private motor book grew rapidly between 2001-5, and household is also starting to pick up First Alternative grew significantly in the private motor insurance market between 2003 and 2005 HBOS general insurance's underlying profits grew in 2005, reflecting an increase in business volume 2006 interim results show that HBOS's household GWP GWP Global Warming Potential GWP Global Water Partnership GWP Gift With Purchase GWP Guinea-Bissau Peso (currency code: now GNF) GWP German Wirehaired Pointer (dog breed) GWP Gross World Product grew but repayment and motor insurance GWP declined HBOS's distribution strategy focuses on the use of multiple brands and high-profile advertising, to achieve direct and branch network sales HBOS operates a multi-brand distribution strategy HBOS's general insurance subsidiaries focused on using TV and direct mailing advertising to promote home and motor products Halifax spent the vast majority of its budget on advertising household insurance via direct mail in 2005 Halifax largely targeted existing HBOS customers with direct mail in 2005 First Alternative relied on TV and direct mail when advertising in 2005 Going forward HBOS is hoping to expand its household and motor books HBOS sees room for expansion in the household market In motor insurance, HBOS is looking to expand its routes to market and exploit churn HBOS is targeting growth in the home, repayment and motor markets, and hopes to increase penetration among existing Group customers An estimated 15 million HBOS customers do not have an HBOS insurance or investment product Chapter 3. Appendix Methodology Competitor data Market size 2005 definitions for lines of business Accident & health Motor Property Financial/Pecuniary loss business Total personal Total commercial Ratio analysis by competitor Premium income measures Current readings Future readings Do you need more information? Our Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Consulting SPP (1) (Scalable Parallel Processor) A multiprocessing computer that can be upgraded by adding more CPUs. (2) (Standard Parallel Port) The Centronics parallel port that was used on the first PCs. writing team List of Tables List of Figures For more information visit http://www.researchandmarkets.com/reports/c50492 Source: Datamonitor |
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