Fleet Insurance and Assistance in Europe

NEW YORK, Oct. 26, 2011 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Fleet Insurance and Assistance in Europe

http://www.reportlinker.com/p0662410/Fleet-Insurance-and-Assistance-in-Europe.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Road_Passenger_Transport

Fleet Insurance and Assistance in Europe is about the market for and distribution of policies covering motor insurance, road assistance and GAP insurance for fleet vehicles in ten countries in Europe: Belgium, France, Germany, Italy, Netherlands, Poland, Spain, Sweden, Switzerland and the UK. For 2007 to 2011 and with a forecast for 2015, the study breaks down the fleet vehicle parc and its motor insurance market not only by country but also by a unique segmentation of fleet vehicles, as follows: Passenger cars: car hire firms; driving schools; motor trade; operating lease fleets; taxi and private hire firms; other fleets. Commercial vehicles: couriers and postal services; motor trade; operating lease fleets; own account haulage; removal firms; road haulage; van and lorry hire firms; other fleets. The report also identifies affinity schemes and commercial partnerships for motor insurance, road assistance and GAP insurance set up between trade associations, leasing companies, leasing brokers, fleet management companies, and vehicle hire companies with providers of these policies, for each country. In addition, it highlights other key underwriters and brokers in this market and discusses key issues such as the use of telematics for insurance and assistance. All these features make this report the most comprehensive analysis of fleet insurance and assistance in Europe ever produced. You may be able to use this report and the accompanying PartnerBASE™ dataset in one or more of the following ways: - to compare the size, growth rates and future prospects of fleet motor insurance markets across ten major countries in Europe; - to evaluate the potential for your organisation to target fleet motor insurance, road assistance and GAP insurance propositions at specific segments of the fleet market; - to understand the competitive environment for broking, underwriting and assistance provision by both country and fleet segment; - to gain access to a single comprehensive source of information providing broker, underwriter and assistance provider details for 1,061 affinity schemes and commercial partnerships set up for motor insurance, road assistance and GAP insurance; - to appreciate which countries and fleet segments offer the best long-term potential, which are already saturated with competitors, and where product innovation through the use of telematics is occurring.

TABLE OF CONTENTS

0.0 EXECUTIVE SUMMARY 1

The fleet sector accounts for nearly 15% of all motor insurance premiums, from just over 10% of vehicles 1

High average policy prices in Italy and Switzerland inflate their insurance markets . 2

Specialist road transport segments, including operational leasing, account for nearly 45% of fleet cars . 2

Motor insurance premiums for fleet passenger cars amounted to EUR 8.49 billion in 2011 . 2

Haulage vehicles made up more than one in six fleet commercial vehicles. 3

. and account for over a quarter of fleet commercial vehicle motor insurance premiums . 4

Poland is forecast to have the fastest growth in fleet motor insurance, 2011 to 2015 . 4

Germany's road assistance market is smaller than France and the UK because policies pay a limited sum . 5

710 actual or potential distributors of motor and GAP insurance and road assistance were researched. 5

1.0 INTRODUCTION 7

What is this report about? 7

Motor insurance and assistance for fleets is studied by vehicle type, industry segment and distribution . 7

Rationale 7

A market worth EUR 15.81 billion is analysed to a unique level of detail. 7

.with the associated PartnerBASE™ dataset providing key information about competitors . 8

Methodology . 8

Survey of associations and fleet operating companies 8

Market data 8

Definitions . 12

Fleet 12

Commercial vehicles 12

Insurance buyer 13

Operating lease . 13

Taxis and private hire vehicles 13

Motor insurance 13

GAP insurance 14

Operating models 14

Abbreviations and exchange rates 15

Finaccord 15

2.0 EUROPEAN OVERVIEW 17

Introduction . 17

Key issues in the fleet market and in fleet insurance 17

Operational leasing is becoming more popular as a means of finance. . 17

.and proposed changes to accountancy rules may make its 'service' element more important . 18

Telematics has the potential to transform fleet insurance and assistance. . 18

. but pay-as-you-drive insurance for fleet customers is only available in the UK at present 19

The financial crisis forced the sale of Masterlease and ING Car Lease . 20

Size and segmentation of the fleet car and commercial vehicle parc 20

There were nearly 25 million fleet vehicles in Europe in 2011 . 20

Germany, France and the UK have an above-average percentage of vehicles in fleets. . 22

. because large firms predominate and cars are often provided to employees 23

Poland and Spain marked the best and worst performances during the recession 23

Sweden has the highest proportion of vehicles in fleets – especially passenger cars . 25

Segmentation of the fleet passenger car market . 27

One in five fleet cars are insured by operating lease companies . 27

The motor trade itself holds a substantial stock of passenger cars. 28

. followed by car hire firms 28

The importance of driving school and taxi fleets varies nationally 29

The economic crisis affected the size of car hire fleets most of all. . 29

. while a long-term trend in favour of operating leases counterbalanced the recession . 29

Segmentation of the fleet commercial vehicle market 31

Operating lease firms have a smaller share of the fleet commercial vehicle market than for fleet cars 31

Haulage vehicles are the largest single use of fleet commercial vehicles 31

Long-term trends are working for operating lease vehicles. 32

. but against couriers and postal services . 32

Size and segmentation of the fleet car and commercial vehicle insurance market . 34

Nearly EUR 16 billion is paid in motor insurance premiums for fleet vehicles . 34

Premiums for heavy commercial vehicles exceeded premiums for light commercial vehicles 35

Higher average policy prices in Italy mean that it nearly equals the UK for fleet motor insurance GWP. 37

. while high prices in Switzerland and low ones in Poland mean their insurance markets are similarly-sized 37

The fleet sector's share of motor insurance is much higher than its share of the vehicle parc in Poland . 38

GWP for fleet motor insurance was lower than the level recorded for 2007 in three countries 39

Segmentation of the fleet passenger car motor insurance market 41

Nearly all categories of fleet passenger cars are higher risks than the average private car. 41

. with car rental firms estimated to pay more in gross written premiums than the motor trade. . 41

. and only driving school cars are not seen as high-risk vehicles . 42

Growth in premiums has been fastest for taxis and for operating lease fleets . 43

Segmentation of the fleet commercial vehicle market 44

Road haulage accounts for a fifth of fleet commercial vehicle motor insurance 44

Couriers are the highest risk among commercial vehicle road transport segments 44

Fleet commercial vehicle price rises narrowly compensated for a decline in the vehicle parc . 45

Road assistance 47

Fleet road assistance is bought by nearly all operating lease and rental companies 47

France and the UK have the largest fleet road assistance markets 47

Forecasts for motor insurance and road assistance . 49

Forecasts have been made by segment and by country, based on trends in vehicle parc and policy prices 49

Passenger car policy prices are rising in most countries, starting with the UK in 2010 and 2011 . 49

Short-term rental and operational leasing are the most promising fleet car segments up to 2015 . 50

Poland, Germany and Italy are forecast to see premiums for fleet commercial vehicles rise most strongly . 51

Road haulage follows the rental sector as the third-fastest growing segment for fleet premiums 52

Road assistance revenues are expected to grow steadily 53

Distribution partnerships for fleet insurance and assistance 55

710 actual or potential distributors are covered by this research 55

Motor insurance 55

Over a third of trade associations have an affinity partnership for motor insurance 55

Finance lease companies and leasing brokers / fleet management firms often do not offer motor insurance . 55

Trade associations use external providers except for CETM, SFV and BOVAG. 57

. most commercial organisations work with a single external underwriter. 59

. except in Italy and Poland, where multiple partners are preferred . 59

Broker relationships are not concentrated. . 61

. and fleet insurance specialists often have more partners than the 'big three' global brokers. 62

The leading underwriter has more than a third of partnerships in Belgium, Poland, Sweden and Switzerland . 63

Five international insurers hold a third of underwriter partnerships 65

Road assistance 65

Fewer trade associations have a scheme for road assistance than for motor insurance. . 65

. though this tendency is reversed for commercial partners in the UK . 66

Bargningstjansten has its own assistance scheme for removals firms in Sweden . 68

Internal assistance provision is common where specialist companies are not dominant . 70

Just two brokers were found to have more than one commercial partner for road assistance 71

The leading assistance provider has over half of all the partnerships in Belgium, the Netherlands and the UK 73

Europ Assistance has the most partnerships of the international assistance providers . 74

GAP insurance 75

GAP policies were available in eight out of ten countries . 75

All leasing brokers and fleet management companies researched in the UK offered GAP insurance 76

Nearly one GAP partnership in five operates through an external broker 76

Gras Savoye, Nord Partner and Premia Solutions have the most partnerships for GAP insurance . 78

Germany is the least concentrated market for GAP underwriter partnerships . 80

AXA has the largest number of partnerships identified for GAP insurance, ahead of Genworth and Zurich. 81

Segmentation of fleet vehicles and insurance by type of insurance buyer . 82

Introduction 82

Passenger cars . 82

Car hire firms: Germany has the largest growth opportunity for motor insurance in monetary terms 82

Driving schools: almost no growth in premiums is expected for this sector by 2015 . 85

Motor trade for passenger cars: Spain has seen the most dramatic decline in motor trade insurance 87

Operational leasing for cars: premium growth in Germany is forecast to be 40% of the European total 89

Taxi firms: the UK is forecast to have the largest growth in premiums, thanks to soaring prices 91

'Other' fleet cars: GWP is forecast to rise by over EUR 700 million in France, Germany and Italy combined . 93

Commercial vehicles 95

Couriers and postal services: rising insurance prices are expected to turn decline into growth. 95

Motor trade for commercial vehicles: new registrations are expected to recover in most countries 97

Operational leasing for commercial vehicles: Poland is the star market by past and forecast growth rates . 99

Own account haulage: just over half of the growth in premiums will come from Germany . 101

Removal firms: France is expected to see the best growth in both percentage and monetary terms 103

Road haulage firms: premiums are forecast to rise by nearly EUR 50 million in Germany and France . 105

Van and lorry hire firms: the UK is the largest market for this segment in Europe 107

'Other' fleet commercial vehicles: GWP is forecast to rise by value most in Italy, and to fall only in Sweden 109

3.0 BELGIUM . 111

Introduction 111

Size of the car and commercial vehicle fleet market 112

Belgium's fleet vehicle sector continues to grow, in spite of the macroeconomic climate. 112

.and growth in the number of light commercial vehicles has been particularly strong 112

Segmentation of the fleet market by type of insurance buyer 114

Passenger cars 114

Operating lease firms usually arrange insurance cover for their vehicles. 114

.but the majority of policies for fleet passenger cars are held by other types of user 114

The motor trade's stock of vehicles has remained largely unchanged in recent years… 114

…and the structure of Belgium's taxi industry means that many vehicles are not part of fleets 115

Commercial vehicles 117

The majority of fleet commercial vehicles are owned by diverse businesses and the public sector… . 117

…with operating lease firms accounting for just 4.7% of the fleet commercial vehicle parc 117

Many areas of Belgium's road transport industry show a decline in vehicle numbers… 117

…and the stock of vehicles held by the motor trade is yet to recover to its pre-recession level 117

Fleet insurance and assistance market size 120

The overall motor insurance market has grown in recent years, in line with rising vehicle numbers… 120

…although the technical profitability of this line varies enormously between vehicle types 120

Passenger car fleet insurance . 122

Gross written premiums generated by fleets of passenger cars continue to rise 122

…with operating lease companies and taxi firms demonstrating the strongest growth rates . 122

Commercial vehicle fleet insurance 125

The insurance market for fleet commercial vehicles has barely grown in recent years… . 125

…and many key segments are still in decline following the recession . 125

Road assistance 127

Belgium's road assistance market for fleet vehicles is rising steadily… . 127

…with contracts linked to passenger cars representing the largest segment 127

Distribution partnerships for fleet insurance and assistance 128

The research documents 62 actual or potential distributors of fleet insurance and assistance 128

Motor insurance . 128

Relatively few Belgian trade associations have affinity deals for motor insurance 128

External underwriters and brokers account for around two thirds of commercial partnerships 129

For motor insurance, Vanbreda Risk & Benefits is the most commonly identified broker. 130

…and prominent underwriters include AXA, Chartis and Ethias 130

Road assistance 132

Distribution of road assistance contracts by trade associations is fairly weak in Belgium . 132

Commercial partnerships are dominated by specialist assistance providers . 133

Two national providers account for more than three quarters of all partnerships… 134

.but multi-nationals such as Europ Assistance and Mondial Assistance are also present 134

GAP insurance 136

Commercial availability of GAP cover is far less common than that of standard motor policies . 136

Other key insurance and assistance providers 138

Belgium's top ten motor underwriters all offer fleet insurance policies… 138

…and member organisation ITS promotes new initiatives in telematics and fleet management 138

Forecasts for fleet motor insurance and road assistance . 139

Motor insurance . 139

Finaccord expects a continuous and steady expansion in the years ahead… 139

…with premiums generated by car hire firms being likely to display the fastest growth rates 139

…and revenue from commercial vehicles will grow more quickly than that from passenger vehicles 140

Road assistance 142

Premiums from commercial vehicle fleets are expected to generate the fastest growth 142

4.0 FRANCE 143

Introduction 143

Size of the car and commercial vehicle fleet market 144

Growth in France's fleet vehicle sector remains slow but steady. . 144

.with the number of buses and coaches being particularly buoyant 144

Segmentation of the fleet market by type of insurance buyer 146

Passenger cars 146

Operating lease firms usually arrange insurance cover for their vehicles. 146

.but most policies for fleet passenger cars are held by diverse businesses and the public sector . 146

The number of vehicles held by the motor trade has fluctuated in recent years… 146

…although the number of taxis is on the increase, in spite of some contentious licensing issues 147

Commercial vehicles 149

The number of fleet commercial vehicles held by operating lease firms has yet to fully recover… . 149

…with road haulage firms also feeling the effects of recession 149

Rising sales help to increase the stock of commercial vehicles insured by the motor trade… 149

…and La Poste operates one of the largest commercial vehicle fleets in Europe 149

Fleet insurance and assistance market size 152

Both the overall and fleet-only motor insurance markets have increased in recent years… 152

…although the profitability of this line of business is less consistent . 152

Passenger car fleet insurance . 154

Non-specialist fleets generate around three quarters of passenger car fleet premiums. 154

…with premiums from taxi fleets being the fastest rising specialist segment . 154

Commercial vehicle fleet insurance 157

Growth in premiums from commercial vehicle fleets is far lower than that of passenger car fleets… 157

…with both road haulage and operating lease segments declining recently . 157

Road assistance 159

France's road assistance market has continued to develop steadily… 159

…and virtually all car hire firms and operating lease companies include this service for their clients 159

Distribution partnerships for fleet insurance and assistance 160

The research documents 73 actual or potential distributors of fleet insurance and assistance 160

Motor insurance . 160

More than 60% of French trade associations operate affinity schemes for motor insurance . 160

Insurance offered by leasing firms is typically optional, but the majority of customers accept this cover 161

Gras Savoye, Aon and Verspieren are the most commonly identified brokers in this area. 162

…and one prominent insurer accounts for around 30% of all underwriting partnerships 162

Road assistance 165

French trade associations do not typically offer road assistance to their members . 165

Many commercial organisations co-ordinate their own road assistance schemes 165

Leading providers are a mixture of multi-national specialists and manufacturer-branded services . 166

GAP insurance 169

GAP cover is a widely available and popular option in France 169

14 brokers are identified as providing GAP cover schemes to affinity and commercial partners… . 170

…and AXA accounts for more than a third of all underwriting partnerships in this area . 170

Other key insurance and assistance providers 172

Motor fleet insurance is available from all major non-life underwriters . 172

Advanced telematics solutions are available, but these are not linked to insurance premiums 172

There are several dedicated assistance networks for large commercial vehicles 172

Forecasts for fleet motor insurance and road assistance . 173

Motor insurance . 173

Steady increases in the fleet vehicle parc will lead to a growing motor insurance market… . 173

…with all segments of the passenger car market expected to develop, albeit at very different rates 173

Premiums from commercial vehicles will also rise, but less quickly than those from passenger cars 174

Road assistance 176

The expansion of passenger car fleets will generate the bulk of the revenue gains forecast here 176

5.0 GERMANY . 177

Introduction 177

Size of the car and commercial vehicle fleet market 178

The fleet passenger car parc in 2011 was the same size as in 2007 178

Bus fleets are often covered through voluntary funding pools . 178

Segmentation of the fleet market by type of insurance buyer 180

Passenger cars 180

Captive leasing companies tend to make their own insurance policies compulsory . 180

Cars insured by operating lease companies make up a quarter of the total fleet passenger car parc . 180

Passenger car sales have been very volatile since 2007, affecting the stock held by the motor trade. 180

.car rental fleets fell with the recession and rose again with the recovery. . 181

. while the size of taxi and driving school fleets has shrunk due to long-term trends 181

Commercial vehicles 184

The recession and a shift towards operational leasing are the main forces affecting this sector. 184

. though couriers and postal services are in a long-term decline as electronic communications rise . 184

Fleet insurance and assistance market size 187

The overall motor insurance market has remained broadly stagnant since 2007. 187

.while the market for fleet insurance bounced back in 2011 187

Passenger car fleet insurance . 189

GWP for fleet cars is on the increase, driven by the economic recovery and rising prices. . 189

. with premiums paid by operating lease companies and the motor trade rising most . 189

Commercial vehicle fleet insurance 192

The insurance market for fleet commercial vehicles was nearly 80% of the value of the fleet car market 192

The two haulage segments account for a third of fleet commercial vehicle premiums. 192

Road assistance 195

The fleet road assistance market is smaller than in France or the UK because policies pay out much less 195

Distribution partnerships for fleet insurance and assistance 196

95 actual or potential distributors are covered by this research 196

Motor insurance . 196

Several major associations have partnerships for fleet motor insurance 196

A clear majority of commercial organisations offer fleet motor insurance to their customers . 197

No broker emerges as leader in terms of partnerships with trade associations or commercial organisations . 198

KRAVAG greatly benefits from its deal with SVG Bundes-Zentralgenossenschaft . 198

Germany's driving schools have a specialist insurance provider . 199

QBE focuses on large fleets and bus insurance 199

Signal Iduna's VdK is the largest underwriter for taxi insurance in Germany . 200

Road assistance 202

Road assistance provision for trade associations always comes from the same source as motor insurance . 202

. while the preferred operating model among commercial partnerships is with single external providers . 203

Broker partnerships for road assistance are fragmented 204

Several commercial organisations have their fleet road assistance organised through their motor insurance 204

GAP insurance 206

It is very common for leasing companies to offer GAP insurance in Germany 206

Zurich has the highest number of partnerships for the provision of fleet GAP insurance in Germany 207

Four other insurers have partnerships with more than one leasing company . 207

Other key insurance and assistance providers 210

Aon Jauch & Hübener intermediates fleet motor insurance for 180,000 vehicles. 210

.while smaller brokers specialise in particular segments . 210

Some small companies take out comprehensive business cover where fleet insurance is just one element. 210

. while some very large corporate clients try to take on as much risk as possible themselves . 210

Germany is only slowly adopting telematics technology for insurance and assistance purposes 211

A number of specialist assistance providers have emerged over the last few years . 211

Forecasts for fleet motor insurance and road assistance . 212

Motor insurance . 212

Economic recovery and rising prices will drive up gross written premiums in the fleet motor sector. . 212

. and price rises will outweigh any decline in the underlying fleet parc . 212

Long-term and short-term rental fleets are expected to grow fastest between 2011 and 2015 213

Road assistance 215

Premiums are expected to rise more for passenger car fleets than for commercial vehicle fleets 215

6.0 ITALY 216

Introduction 216

Size of the car and commercial vehicle fleet market 217

Italy has the most passenger cars and heavy commercial vehicles per person out of these ten countries 217

Bus services remain under municipal control, though Genoa has set an example for part-privatisation 217

Segmentation of the fleet market by type of insurance buyer 219

Passenger cars 219

In Italy, operating lease vehicles are insured by the lease company in the great majority of cases 219

.though they account for only one fleet passenger car in five 219

New car sales declined by more than a third between 2007 and 2011 219

ACI runs a network of driving schools instead of having its own company to train drivers 220

Taxis remain one-man businesses, despite attempts at reform . 220

Commercial vehicles 223

The motor trade saw the largest fall in fleet commercial vehicles, 2007 to 2011 223

The number of road haulage vehicles has fallen thanks to the recession. 223

. while there are few fleet removal vehicles since Italians move home rarely 223

Fleet insurance and assistance market size 226

The number of uninsured vehicles has risen since 2007 226

The fleet motor insurance market recovered well in 2011, with rising prices . 226

Passenger car fleet insurance . 228

Premiums paid by operational leasing firms and car hire were higher in 2011 than in 2007. 228

Commercial vehicle fleet insurance 231

The insurance market for fleet commercial vehicles was little more than half that of passenger cars in 2007 . 231

Premiums paid by road haulage fleets are comparatively small in Italy. . 231

. while removals firms and van and lorry hire firms contributed just 1.5% of fleet GWP between them 231

Road assistance 234

The road assistance market reached a new high in 2011 234

Distribution partnerships for fleet insurance and assistance 235

65 actual or potential distributors are covered by this research 235

Motor insurance . 235

Over 40% of trade associations have a partnership for motor insurance. . 235

. rising to 58% when adding in associations that belong to Confindustria . 235

No commercial organisation used a broker for motor insurance 236

Only four insurers had more than one partner . 237

Road assistance 240

Few trade associations have a partnership for road assistance . 240

Commercial organisations are split evenly between internal and external assistance . 240

While ACI is one of the leading assistance providers, it is not as dominant as the AA, ANWB, RACE or VAB 241

GAP insurance 243

Two specialist insurers and two non-specialists offer GAP insurance through leasing companies . 243

Other key insurance and assistance providers 244

Alleanza Toro and AXA underwrite specialist motor insurance risks 244

Telematics is used by leading insurers primarily in case of accident or theft for private passenger cars 245

Forecasts for fleet motor insurance and road assistance . 246

Motor insurance . 246

The fleet passenger car insurance market is forecast to grow faster than the commercial vehicle market . 246

Premiums paid by operating lease and car hire firms are expected to grow fastest in the fleet car sector 246

. along with road haulage firms in the commercial vehicle sector 247

Road assistance 249

The value of the assistance market is expected to rise with more fleet vehicles plus inflation . 249

7.0 NETHERLANDS 250

Introduction 250

Size of the car and commercial vehicle fleet market 251

The fleet vehicle parc has grown since 2007, with only a slight pause in 2009 and 2010. 251

. and the sector of fleet heavy goods vehicles was the only one to decline over 2007 to 2011 251

The majority of bus services are privatised, with the notable exception of the Amsterdam transport system 251

Segmentation of the fleet market by type of insurance buyer 253

Passenger cars 253

Three forms of operating lease are available in the Netherlands. . 253

.and they make up the largest single element of the fleet passenger car parc . 253

The motor trade insures many cars because the used car market is unusually large in the Netherlands . 254

The majority of taxis are run by companies rather than self-employed drivers 254

Commercial vehicles 257

Finance leases and fleet management are more important for commercial vehicles than for cars . 257

The number of fleet vehicles fell most for the motor trade and rose most for hire firms, 2007 to 2011 257

Own account haulage accounts for an above-average share of the overall haulage fleet 257

Fleet insurance and assistance market size 260

Falling average premiums and rising claims have driven the claims ratio up 260

Fleet motor insurance GWP fell faster than non-fleet GWP because of the decline in liability premiums . 260

Passenger car fleet insurance . 262

Operational lease firms pay more than a third of all fleet passenger car premiums 262

Premiums paid by all the specialist transport segments fell between 2007 and 2011 262

Commercial vehicle fleet insurance 265

Premiums for fleet commercial vehicles are worth 75% of those for fleet passenger cars. . 265

.with premium growth coming from operational lease firms and hire firms 265

Road assistance 268

ANWB offers a menu of options for road assistance, enabling companies to tailor it to their needs . 268

Distribution partnerships for fleet insurance and assistance 269

60 actual or potential distributors are covered by this research 269

Motor insurance . 269

Although just over a third of trade associations offer motor insurance. 269

. these include most of the largest ones . 269

Leasing brokers select lease companies, and do not handle financial services . 270

Aon has the largest number of partnerships for motor insurance . 271

Road assistance 274

The main taxi and driving school associations do not offer road assistance to go with motor insurance 274

Most commercial organisations have a direct partnership with an assistance provider . 274

ANWB holds over 60% of all assistance partnerships . 275

Other key insurance and assistance providers 277

Specialist companies offer policies for taxi and courier insurance 277

Pay-as-you-drive insurance now exists for personal customers 277

Forecasts for fleet motor insurance and road assistance . 278

Motor insurance . 278

The fleet passenger car insurance market is forecast to grow well up to 2015 278

Premiums paid by operating lease and car hire firms are expected to grow fastest in the fleet car sector 279

Road assistance 281

Revenues for fleet passenger car assistance are expected to rise fastest . 281

8.0 POLAND 282

Introduction 282

Size of the car and commercial vehicle fleet market 283

All segments of the Polish fleet have grown overall since 2007… 283

. with the bus and coach fleet representing the slowest growth overall 283

Segmentation of the fleet market by type of insurance buyer 285

Passenger cars 285

Operational leasing numbers see overall gains despite extreme volatility. 285

…while the motor trade remains the largest single section of the fleet passenger car market… 285

…and only driving schools post an overall decline since 2007 285

Commercial vehicles 288

Road haulage companies make up the largest individual fleet commercial vehicle segment. 288

…while commercial vehicle operating lease firms showed the biggest increases by far… . 288

…and the remaining sectors all show significant volatility in market size 288

Fleet insurance and assistance market size 291

Fleet motor insurance as a percentage of the market has varied only slightly since 2007 . 291

Passenger car fleet insurance . 292

Car hire companies represent the largest segment of the fleet insurance market… . 292

…while operating leases again show the largest individual compound annual increase 293

The motor trade emerges from an unsteady period marginally higher. 293

Commercial vehicle fleet insurance 296

The insurance market for fleet commercial vehicles is twice that for passenger cars… 296

…while operational leasing for commercial vehicles enjoys continuous strong growth… . 296

…and courier and postal firms and removals firms see an extended gradual decline in premiums 296

Road assistance 299

The road assistance market has continued growth in virtually all areas 299

Distribution partnerships for fleet insurance and assistance 300

85 actual or potential distributors are covered by this research 300

Motor insurance . 300

The vast majority of commercial organisations have an external partnership for motor insurance 300

There are 12 partnerships using a combination of seven different brokers. 301

…while commercial partnerships tend to involve fewer arrangements made via brokers… 302

…preferring to deal with insurers directly, with PZU by far the most frequently named partner… 302

. while three other firms record double-digit partnerships . 303

Seven insurers feature four partnerships or fewer 303

Road assistance 305

All the trade associations that offer road assistance rely on brokers. . 305

. while a modest majority of commercial partnerships offer assistance through insurers 305

PZU continues to dominate the insurer-administered assistance market… 306

…while internal provision and the use of specialist assistance providers remain strong options 307

GAP insurance 309

Only a third of leasing firms and leasing brokers offer GAP insurance 309

Other key insurance and assistance providers 312

The largest brokers and underwriters in Poland are all active in fleet insurance… . 312

. while telematics are not yet a factor in insuring fleets 312

Forecasts for fleet motor insurance and road assistance . 313

Motor insurance . 313

Premiums are expected to rise faster for fleet passenger cars than for fleet commercial vehicles 313

Car hire firms are expected to show the highest growth in premiums among passenger cars. 313

. while most commercial vehicle segments are forecast to see continued growth to 2015 314

Road assistance 316

Premiums are expected to rise at a comparable rate among the three main segments of the market 316

9.0 SPAIN 318

Introduction 318

Size of the car and commercial vehicle fleet market 319

The size of the fleets held by rental firms and the motor trade has fallen sharply since 2007 319

. and the bus and coach fleet is the only sector to grow in recent years . 319

Segmentation of the fleet market by type of i

To order this report:

Road Passenger Transport Industry: Fleet Insurance and Assistance in Europe

Road Passenger Transport Business News

More  Market Research Report

Check our  Industry Analysis and Insights

Nicolas Bombourg

Reportlinker

Email: nbo@reportlinker.com

US: (805)652-2626

Intl: +1 805-652-2626

SOURCE Reportlinker



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