Research & Markets: Zurich Spent GBP 4.1 Million on Advertising, the Majority of which was Spent on Motor Insurance.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c48503) has announced the addition of Zurich: UK Personal General Insurance Competitor Profile 2006 to their offering. This profile provides an overview of Zurichs UK personal general insurance business, focusing on product and distribution strategy, in addition to the companys performance in its key lines of business Scope of this title: - Unique data on Zurichs 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: Zurichs management has noted that margins on partnership business have become tighter in recent years as this distribution channel has grown in importance to personal lines players. While it intends therefore to build its corporate partnership business, it will also remain committed to its highly intermediated proposition Reasons to order your copy: - Gain insight into Zurichs corporate and personal lines strategy, along with the insurers structure and focus - Understand Zurichs 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. Zurich: UK personal general insurance competitor profile 2006 Zurich Financial Services Zurich Financial Services Group is a major financial services group based in Zurich, Switzerland. Global operations North America The US consumer market is served primarily by Farmers Insurance Group the third largest personal lines property & casualty insurance is a general and life assurer with an emphasis on North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe Zurich Financial Services is one of the largest insurance groups in the world The UK is the second largest contributor to Zurichs worldwide general insurance business Zurichs personal lines business is smaller than its commercial arm, however, household and motor have grown at a steady rate Zurichs general insurance book is weighted towards commercial business Zurichs household and private motor books have grown at similar rates to the respective markets since 2001, but the company pulled back from competition in 2005 Its combined ratio increased in 2005, but Zurich UK saw net earned premiums Earned premium is the portion of an insurance written premium which is considered "earned" by the insurer, based on the part of the policy period that the insurance has been in effect, and during which the insurer has been exposed to loss. decrease as part of its commitment to 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. discipline 2006 has been a tough year for Zurich Zurichs UK personal lines strategy will see it respond to increasing market competition as well as maximizing the efficiency of its value chain Zurich is responding to market pressures with plans to move to a more customer focused approach and to leverage some of the pan-European strategies of Zurich European General Insurance Zurich is undertaking a number of initiatives to maximise the effectiveness of its UK value chain 21 Zurich spent PS4.1 million on advertising in 2005, the majority of which was spent on motor insurance Zurichs general insurance book is heavily intermediated Zurich distributes personal lines business to over 3,000 brokers and is held in high esteem by its brokers Zurich is taking a cautious approach to the direct channel but will seek to boost its corporate partners business Zurich has restructured its UK business along distribution capabilities Zurich will be maintaining its intermediary Intermediary See: Financial intermediary intermediary See financial intermediary. focus while moving towards a more customer centric approach and seeking to maximise efficiency in the UK value chain Zurich will be taking a cautious approach to direct distribution and continuing with its emphasis on intermediated business Zurich intends to take a more customer orientated o·ri·en·tate v. o·ri·en·tat·ed, o·ri·en·tat·ing, o·ri·en·tates v.tr. To orient: "He . . . approach and generate efficiencies along the value chain Chapter 3. Appendix Supplementary data Methodology Competitor data 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 versus GEP GEP gastroenteropancreatic. reporting Major changes in FSA Return categories and their impact Market size Changes in market size information 2005 definitions for lines of business Accident & health Motor Total private motor Private motor comprehensive Private motor non-comprehensive Motorcycle motorcycle, motor vehicle whose design is based on the bicycle. The German inventor Gottlieb Daimler is generally credited with building the first practical motorcycle in 1885. The motorcycle did not become dependable and popular, however, until after 1900. Property Household and domestic all risks. Financial/Pecuniary loss business Total personal financial loss business Total personal Total commercial Ratio analysis by competitor Premium income measures Earned premiums Gross Premium Net Premium Written premiums Research methodology Personal Broker Survey Current readings Future readings Do you need more information? 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/c48503 Source: Datamonitor |
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