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UK Protection Insurance Market 2017-2022 Business Report and Forecasts

Press Release   •   Aug 14, 2017 07:31 EDT

UK Protection Insurance Market 2017-2022

UK Protection Insurance 2017: Term and Whole of Life", covers the market for individual regular premiums, concentrating on the main market for all types of consumers seeking their own cover. Taking protection as a whole, it focuses on the major and closely related product lines of term and whole of life insurance that broadly provide financial compensation in the risk-measured event of death or severe health issues. The report examines the size of the protection market over time, and how the distribution landscape is changing and being impacted by technology and direct propositions. It discusses the top market players and their propositions. The report forecasts how the size of the market will change over the next five years, discusses consumer engagement with protection products, and highlights how providers’ propositions are likely to change in the future.

Download sample pages of this report: https://goo.gl/HnGRQC

The UK life protection market for regular, individual premiums has entered a quiet period, with a new normal level of business of reduced contracts and premiums since 2013. With the protection market fairly stable in terms of premiums, the real story lies in changes in distribution. The non-advised channel is starting to gain momentum for term products that can be easily commoditized. Term distribution is expected to move away from independent financial advisors (IFAs) and begin to mirror the general insurance market, where policies are sold directly and through aggregators. Providers’ propositions are also changing. Policies are becoming more personalized to individual risk, with insurers developing policies for specific risk groups. Providers are also trying to actively help their customers manage their health.

Geographically, the segmentation is done into several key regions like North America, Middle East & Africa, Asia Pacific, Europe and Latin America. The production, consumption, revenue, shares in mill UDS, growth rate of Protection Insurance market during the forecast period of 2017 to 2022 is well explained.

The ongoing market trends of Protection Insurance market and the key factors impacting the growth prospects are elucidated. With increase in the trend, the factors affecting the trend are mentioned with perfect reasons. Top manufactures, price, revenue, market share are explained to give a depth of idea on the competitive side.

Download sample pages of this report: https://goo.gl/HnGRQC

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