UK Directors & Officers Insurance Market Dynamics, Executive Summary, Major Players and Scope

The market for UK Directors & Officers Insurance Market is growing with the expansion of this Industry Sector Worldwide. Market Research Hub (MRH) has added a new report titled “UK Directors & Officers Insurance”: Market Dynamics and Opportunities 2018 which offer details about the current trends and analysis, as well as scope for the near future. This research study also covers information about the production, consumption and market share based on different active regions. Furthermore, an anticipated growth at a double-digit CAGR for the UK Directors & Officers Insurance Market sector is highlighted in the report which indicates a prosperous future.

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UK Directors & Officers Insurance: Market Dynamics and Opportunities 2018

Summary
"UK Directors & Officers Insurance: Market Dynamics and Opportunities 2018", report provides an in-depth analysis of the UK D&O insurance market. It looks at market size and profitability as well as changes in premiums, claims, distribution, regulations, and opportunities. It provides a thorough overview of the market along with future forecasts.

The UK D&O insurance market finally started to turn in 2018. Premium rate rises are particularly in evidence in the large corporate sector, as claims frequency and severity have both increased. While pockets of highly competitive and profitable business remain, several major insurers have been burnt, and a more prudent pricing approach is emerging in the face of an ever-changing risk landscape.

Scope
- Penetration of D&O among SMEs continues to gradually increase. GlobalData's 2018 UK SME Insurance Survey estimates that 18.7% of SMEs now have D&O, a figure that rises along with company size; around 50% of small and medium-sized companies now have this cover.
- As pressures have ratcheted up, the health of the UKs D&O book has significantly deteriorated over the last couple of years. In Q4 2018, insurers almost unanimously reported to GlobalData an increase in claims over the last couple of years, particularly for larger public company risks. Many insurers stated that profitability on their D&O books has been marginal at best, with several major players losing money.

Reasons to buy
- Benchmark yourself against the rest of the market.
- Ensure you remain competitive as the market faces new challenges.
- Adapt your distribution strategy to ensure it is efficient and still meets customer purchasing behavior.

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Table of Contents
1. EXECUTIVE SUMMARY
1.1. D&O market conditions are changing, as rising claims and a dynamic risk landscape impact the sector
1.2. Key findings
1.3. Critical success factors
2. MARKET DYNAMICS
2.1. Introduction
2.2. The number of companies with D&O cover continues to increase
2.2.1. Large corporates are the main holders of D&O insurance, while penetration among small and medium companies sits at around 50%
2.2.2. Penetration of D&O among SMEs is slowly growing
2.3. Premium rates started to rise in 2018, following a decade of soft market conditions
2.3.1. Market GWP has remained largely static in recent years due to high levels of price-based competition
2.3.2. The cycle turned at the start of 2018 and significant rate increases are being achieved, particularly on large corporate business
2.3.3. The D&O market is estimated to be worth 218m in 2018
2.4. D&O profitability has deteriorated, as the risk landscape continues to shift
2.4.1. Regulatory enforcement action has ratcheted up the pressure on D&O underwriting results

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