Home insurers in the UK face a complex mix of challenges in today's market. Better understanding and managing the risk profile of their book, and increased price competition were cited as significant challenges in a recent study by LexisNexis of the home insurance market. In terms of priorities, managing profitability was revealed as their key focus area.
This report explores the key priorities and challenges, as well as the top trends facing UK home insurers today.
Topics covered include:
• What do UK home insurers see as key challenges?
• Top ranking priorities.
• Smart home technology - can insurers drive adoption?
• Home insurer perceptions of smart home technology.
• Perceived opportunities related to mobile and digitisation.
• Sharing better information - why it matters.
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