New Home Insurance Market Data Report Launched
02 Dec 2020
Home Insurance Market
2019/20 have been turbulent years for home insurance in terms of claims, significant mergers and divestments and changed underwriting capacity. IRN Research estimates that home insurance gross written premiums (GWP) will reach around £7 billion in 2020, a rise of 2% compared with 2019.
Predicting future premiums growth is very difficult at the moment given the uncertainties about when the effects of the COVID-19 pandemic will come to an end, and the pandemics final economic impact. Overall, IRN expect to see no growth in GWP in 2021, however, growth will return after 2021.
These findings come from the IRN Research report Home Insurance Market Data Report 2021
Home Insurance Report
This report looks at the domestic home/property insurance market, where home insurance is defined as insurance which covers individuals against the cost of repairing or rebuilding their home or replacing its contents. This report considers the size of the market, recent trends, the major players, forecast for the future and sets out the environmental framework in which insurance is sold today.
Related IRN Reports
IRN Produce a range of insurance reports on various markets, a full list of which can be found here.
In January to March 2021 our current insurance Consumer Research reports will be updated.