UK Boat, Yacht and Pleasure Craft Insurance: Market Dynamics, Affinities and Partnerships
is a report investigating the market for boat, yacht and pleasure craft insurance in the UK. Key features include: an outline of market drivers and the value, growth and segmentation of the market from 2014 to 2018; quantification and commentary concerning the segmentation of policies in force by distribution channels used to buy them in 2018; estimates for underwriter market shares in 2018; a comprehensive listing of over 70 affinity and partnership marketing relationships visible at the time of the research in 2019 for these types of policy; a review of the impact of insurtech and other technological innovation on this sector; and forecasts for the value of the market up to 2022.
In this report, vessels in scope are those measuring between 2.5 metres and 24 metres, owned primarily for personal use and located in UK waters. Moreover, the universe of vessels considered in scope can be segmented into five categories: sailing boats (e.g. sailing yachts, catamarans), canal boats (e.g. houseboats, narrow boats), motor boats (e.g. cruisers, motor boats), power boats (e.g. ribs, sports boats, personal watercraft), and other boats still in scope (e.g. rowing boats). Insurance for such vessels is mainly to cover hull, property and third-party liability risks with legal protection and / or personal accident cover sometimes added.
In keeping with other studies in this series, research processes and sources used to create it include the following: primary interviews with leading brokers, underwriters and affinity / corporate partners active in this field; in-house data drawn from other Finaccord reports; and comprehensive analysis of secondary information from a diverse range of data sources including UK government departments and financial regulators, relevant lifestyle organisations and trade associations, specialist publications and published disclosures by competitors active in the market.
For further information about this research, please access the table of contents and series prospectus by clicking on the corresponding links to the left-hand side of this page, or e-mail [email protected]