Tag: Motor Insurance


Jun 2022

Medico-Legal Market falls by 5%

Medico-Legal and Insurance Services Market down because of COVID-19 The market for Medico-Legal and Insurance Services (MLIS) – defined as medical and medical-related services offered to legal services companies, insurers and possibly to employers – declined in 2021 by around 5%, on the back of a near 20% decline in 2020.  The premium end of the market has recovered well from the pandemic but the...

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Jul 2021

18% of insurance consumers make COVID-related adjustments

COVID-19 changes consumer insurance behaviour 18% of consumers who currently own any type of insurance either cancelled a policy or switched to cheaper alternatives because of the COVID-19 pandemic. These findings come from the IRN Research report, The Insurance Consumer 2021. As a result of these changes, the amount consumers in total spend on general insurance produces declined by around 6% in 2020, compared with...

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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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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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