News


10

May 2021

50% of pet owners have pet insurance

COVID-19 increases pet ownership Half of consumers own a pet, with ownership rising slightly in the past two years. In 2021, 50% of pet owners owned pet insurance, which is higher than the percentage owning in 2019. These findings come from the new IRN Research report Pet Insurance Consumer Research report 2021. The rise in pet ownership and insurance is likely to have been aided...

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05

May 2021

UK Family Law Market Report 2021 published

Healthy market value growth expected from 2021 after struggles in 2020 The UK Family Law Market Trends Report 2021 is the seventh edition of an annual report from IRN Research and provides an overview of the UK family law market. After steady growth in 2019, the sector struggled in the first half of 2020 as the pandemic took hold but recovered a little in the...

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28

Apr 2021

50% of consumers own breakdown cover

Motor Breakdown Market Worth £1.8 billion In 2021, 50% of consumers said they owned motor breakdown cover, which is up on the 46% that owned in 2019. This finding comes from the IRN Research Motor Breakdown Consumer Research Report 2021,The total market (B2C and B2B) was worth almost £1.8 billion. The percentage of consumers who own motor breakdown cover tends to rise with age, social...

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24

Mar 2021

Almost 37 million people with motor insurance

In 2021, 71% of consumers said they owned car insurance, which is the same percentage as in 2019. This means around 37 million consumers own motor insurance. The penetration of consumers who own motor insurance tends to rise with age, social grade and household income. These findings come from the IRN Research report Motor Insurance Consumer Research report 2021. A new customer journey begins each...

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12

Mar 2021

COVID-19 causes ferry pax numbers to fall by 28.2 million.

Ferry Passenger, car and Coach Volumes Slump In 2020, 28.2 million fewer trips by ferry were made on UK ferries, covering trips between the UK and Continent, UK-Ireland and domestic locations (including the London River Service). Numbers were down across the broad for all routes and all destinations. Along with the decline in passenger trips, the number of cars transported fell by 4.8 million and...

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Freight Volumes Down Post Brexit

12

Mar 2021

Freight Volumes Down Post Brexit

UK Overseas Freight Down 18% in February 2021 In February 2021, the volume of accompanied and unaccompanied freight units travelling between the UK and Europe (including the Republic of Ireland) declined by 18% compared with the same month of 2020. While the decline was less than the 34% decline seen in January 2021, the decline in February means that in the first two month of...

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10

Mar 2021

BTE Legal Expense Insurance Report

19 million BTE LEI policyholders In 2021, around four-in-ten consumers owned a before the event (BTE) legal expense insurance (LEI) policy, compared with only around one-quarter in 2019. The rise in ownership has been driven by older consumers aged 55+.  This means in 2021, just over 19 million adults had a LEI policy, with almost 28 million policies outstanding. Almost four-in-ten LEI policyholders own more...

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08

Mar 2021

2021 UK Legal Services Market Report Published

UK legal services market revenue on hold in 2020 but most legal professionals are optimistic about the next 12 months The UK legal services market (including private practice firms, barristers, patent agents, and other legal services providers) was valued at almost £37bn in 2020, unchanged from 2019. In the first three-quarters of 2020 revenue decreased by 1.5% compared to the previous year mainly due to...

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03

Feb 2021

New Motor Insurance Report

Motor Insurance Market Declines by 8% because of COVID-19 In 2019, IRN Research estimate the motor insurance market generated gross written premiums (GWP) of just over £14 billion, a rise of around 2% over 2018.  Given the impact of COVID-19 on the market, IRN expect GWP to decline by 8% in 2020.  Key factors behind this decline were premium rebates given to customers by some...

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15

Dec 2020

Estate and End of Life Planning

25% of consumers take estate planning actions Only 25% of consumers have undertaken any of the actions normally associated with estate planning, like making gifts to loved one, gifting a home to children etc. This is less than the 35% which have made a will: for almost half of consumers estate planning is associated only with making a will. Consumers who have taken any estate...

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