LexisNexis® Insurance Demand Meter U.K.

Gain insights from market-wide data on motor insurance policy behaviour and growth.

To help inform insurer business strategies tied to acquisition and retention trends, LexisNexis® Risk Solutions is pleased to offer the LexisNexis® Insurance Demand Meter U.K., a biannual report that provides insights into U.K. motor insurance trends. The report compiles data on actual consumer activity to offer a market-wide analysis of the dynamics impacting performance across the U.K. motor insurance market.

Insurance decision makers can understand the macro trends pertaining to:

• Shopping and switching rates
• Cancellation trends
• New policy growth

In H2 2024, U.K. motor insurance shopping and switching activity remained brisk, but started to plateau after a very active twelve months, driven by premium increases and the cost-of-living crisis. There was also a notable change in customer wins versus losses in some areas of the market in the final quarter of 2024. At the same time, cancellations rose across the board, testing the strength of risk assessment processes for all insurance providers.

Click on the link to access the report for additional analysis on the dynamics impacting the motor insurance market today.