市場調査レポート

英国の債権者保険

Creditor Insurance in the UK

発行 Finaccord Ltd. 商品コード 310918
出版日 ページ情報 英文 25 Pages
納期: 即日から翌営業日
価格
本日の銀行送金レート: 1USD=102.95円で換算しております。
Back to Top
英国の債権者保険 Creditor Insurance in the UK
出版日: 2014年06月01日 ページ情報: 英文 25 Pages
概要

当レポートでは、英国の債権者保険に注目し、個人債務に対応する同市場を、決済保護保険やローン関連保険などにも言及しながら独自の手法で詳細に考察すべく、100社あまりの融資機関に対するアンケート調査の結果から、銀行ほか融資機関による債権者保険販売数、融資商品ごとに異なる提供率の背景、債権者保険設定に用いられる運用モデル、販売機関の規模に基く販売提携の加重評価などのデータをまとめる一方、レポートに付随するPartnerBASEでは、およそ60件の債権者保険契約事例の詳細情報を提供し、英国債権者保険市場の現況と発展性を知るためのもっとも信頼できる手引きを構成しています。

エグゼクティブサマリー

第1章 イントロダクション

  • レポートの対象市場
    • 英国におけるローン関連保険についての総合分析を提供する
  • 調査事由
    • 英国では住宅ローンプロバイダーを介して住宅ローン関連生命保険が依然利用できる一方、その他の債権者保険を販売する融資機関はもはや皆無
  • 調査方法
    • 銀行ほか金融機関へのアンケート調査
    • 市場データ
  • 定義
    • 債権者保険
    • 住宅ローン、消費者金融、クレジットカード
    • 提携関係のプロバイダー別加重シェア
    • 運用モデル
    • 略語と為替レート
  • PartnerBASEと市場データ補足資料
  • Finaccord

第2章 市場分析

  • 調査対象とした銀行ほか金融機関
  • 融資セクターについてのイントロダクション
    • 近年大きく様変わりする英国のリテール銀行
  • 消費者金融の規模と成長率
  • 住宅ローン
  • 住宅ローン以外の融資
  • クレジットカードほかの後払いカード
  • 債権者保険契約率、運用モデル、提携関係
  • 住宅ローン関連債権者保険
    • 英国大手住宅ローン融資機関の大半が債権者保険を提供
  • 消費者金融、クレジットカード関連債権者保険
  • 債権者保険の対象リスク
    • あらゆる保険が死亡および永久障害の可能性に対応
  • 代替販売経路
    • 大手保険会社3社が住宅ローン関連債権者保険を消費者に直接販売
    • 「旧来型」決済保護規定を求める債務者は専門仲介業者からの購入が必須
    • 消費者調査から判明した「大半の住宅ローン生命保険購入先は貸し手以外」
  • 債権者保険市場の規模、成長率、予測

図表一覧

目次

Finaccord's report titled Creditor Insurance in the UK offers uniquely detailed insights into the market for creditor insurance, sometimes also referred to as payment protection insurance or loan-related insurance, as acquired by individual borrowers in the UK. Drawing on the results of a survey of over 100 lending institutions, the study analyses the distribution of creditor insurance by banks and other lending institutions, how provision rates vary for different lending products, operating models used for arranging creditor insurance, and distribution partnerships weighted by the size of distributors. The PartnerBASE™ dataset that accompanies the report details each of close to 60 creditor insurance distribution deals traced by Finaccord. In short, this study will provide you with the definitive guide to current and future opportunities in creditor insurance in the UK.

Key features of this study and the PartnerBASE™ dataset and market data annexe that accompany it include:

  • quantification of creditor insurance market size and growth with a timeline from 2009 to 2013 and onwards to 2017: how much is this market really worth in the UK and what is its future development potential?
  • segmentation of this market both by underlying loan type (differentiating between mortgages, point-of-sale automotive finance, other consumer finance and credit card loans) and by type of cover (differentiating between cover for death / permanent disability and temporary incapacity / unemployment);
  • consideration of operating models used for creditor insurance: how advanced is the use of captive and joint venture underwriters by lending institutions in the UK?
  • calculation of weighted provider share of partnerships: Finaccord's unique quantitative analysis helps to identify which underwriters of creditor insurance hold the relationships that offer the most potential;
  • investigation into alternative distribution channels for selling creditor insurance: a number of factors could increase the potential for entities other than the lending institutions themselves to sell creditor insurance in the UK.

Table of Contents

0.0 EXECUTIVE SUMMARY

1.0 INTRODUCTION

  • What is this report about?
  • This report provides a comprehensive analysis of loan-related insurance policies in the UK
  • Rationale
  • Mortgage-related life insurance is still available via providers of home loans in the UK...
  • ... although other types of creditor insurance are no longer sold by lending institutions
  • Methodology
  • Survey of banks and other lending institutions
  • Market data
  • Definitions
  • Creditor insurance
  • Mortgages, consumer finance and credit cards
  • Weighted provider share of partnerships
  • Operating models
  • Abbreviations and exchange rates
  • PartnerBASE™ and market data annexe
  • Finaccord

2.0 MARKET ANALYSIS

  • Banks and other lending institutions covered
  • Introduction to the banking sector
  • The UK retail banking sector has seen significant changes in recent years...
  • ...affecting major players such as RBS and Lloyds Banking Group...
  • ...plus the Co-operative Bank...
  • ... and a number of small and medium-sized building societies
  • Consumer lending market size and growth
  • Mortgage lending
  • Mortgage balances outstanding edged up in nominal terms between 2009 and 2013...
  • Non-mortgage lending
  • ...but the value of total non-mortgage consumer lending has fallen back quite substantially
  • Credit and other pay later cards
  • Following a contraction, the number of credit cards in circulation has started to rise again since 2011
  • Creditor insurance provision rates, operating models and partnerships
  • Creditor insurance linked to mortgages
  • The majority of significant mortgage lenders in the UK offer related creditor insurance
  • Legal & General is ranked first by weighted share of partnerships...
  • ...followed by Aviva, which benefits from three key distribution partnerships
  • Scottish Widows and HSBC Life are the only two captive underwriters in this arena
  • CUNA Mutual, Friends Life, LV=, and Standard Life are also visible as insurers in this field
  • Seven mortgage lenders employ captive or external financial advisers for mortgage term life insurance...
  • ... but 25 have no arrangement at all for mortgage-related creditor insurance
  • Creditor insurance linked to consumer finance and credit cards
  • Creditor insurance risk coverage
  • All policies offer the potential for covering death and permanent disability...
  • ...with temporary incapacity and unemployment increasingly covered via separate policies
  • Alternative distribution channels
  • Three major life insurers offer mortgage-related creditor insurance directly to consumers...
  • ...and mortgage brokers and financial advisers are major distributors of mortgage term life insurance...
  • ... while online aggregators and brokers sell ‘accident, sickness and unemployment' cover
  • Any borrowers looking for 'traditional' payment protection cover must buy from specialised intermediaries
  • Consumer research shows that most mortgage life insurance is not bought from the lenders themselves
  • Creditor insurance market size, growth and forecast
  • The market is now almost entirely composed of mortgage-related life insurance...
  • ... a sector whose value is predicted to expand between 2013 and 2017
  • Citizens Advice filed its original ‘super-complaint' as long ago as September 2005...
  • ... on the basis of at least five concerns
  • Lending institutions began to withdraw from the payment protection market from 2007 onwards...
  • ... and have already paid refunds and compensation to customers in the region of GBP 14 billion

LIST OF GRAPHICS / TABLES

TABLE OF CONTENTS

0.0 EXECUTIVE SUMMARY

  • Creditor insurance gross written premiums in the UK, segmented by policy and cover type, 2009, 2013 and 2017

1.0 INTRODUCTION

  • Banks and other lending institutions in the UK contacted by Finaccord, segmented by type

2.0 MARKET ANALYSIS

  • Residential mortgage lending balances outstanding in the UK (absolute and per capita), 2009 to 2013
  • Consumer non-mortgage lending balances outstanding in the UK (absolute and per capita), 2009 to 2013
  • Credit and other pay later cards issued and per capita in the UK, 2009 to 2013
  • Key data points for the consumer lending market in the UK, 2009 to 2013
  • Provision of creditor insurance linked to mortgages in the UK, 2014: provision rate, operating models and weighted provider share of partnerships
  • Provision of creditor insurance linked to consumer finance in the UK, 2014: provision rate, operating models and weighted provider share of partnerships
  • Provision of creditor insurance linked to credit cards in the UK, 2014: provision rate, operating models and weighted provider share of partnerships
  • Risk coverage of creditor insurance policies in the UK, segmented by type of underlying product, 2014
  • Creditor insurance gross written premiums in the UK, segmented by policy type, 2009, 2013 and 2017
  • Creditor insurance gross written premiums in the UK, segmented by cover type, 2009, 2013 and 2017
  • Creditor insurance gross written premiums in the UK, segmented by policy and cover type, 2009, 2013 and 2017
Back to Top