UK Excess Protection Insurance and Waivers: Market Dynamics, Affinities and Partnerships

UK Excess Protection Insurance and Waivers: Market Dynamics, Affinities and Partnerships is a report investigating the market for excess protection insurance and waivers in the UK. Key features include: an outline of market drivers and the value, growth and segmentation of the market from 2015 to 2019; quantification and commentary concerning the segmentation of policy sales by distribution channels used to buy them in 2019; estimates for provider market shares in 2019; a comprehensive listing of close to 30 major affinity and partnership marketing relationships visible at the time of the research in 2019 for these types of cover; a review of the impact of insurtech and other technological innovation on this sector; and forecasts for the value of the market up to 2023.

In this report, excess protection insurance and waivers are defined in a broad sense as any contracts entered into by a consumer in order to avoid having to pay the excess or in order to obtain a refund for the excess paid on any given insurance policy in the event of a claim. This encompasses excess waivers that are not legally configured as insurance (most notably those available from car rental firms) plus excess protection sold as an add-on to other policies (most notably motor insurance) as well as stand-alone excess protection insurance policies.

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].