UK Commercial Property Insurance Market Report 2022: Size, Trends, Competitor Dynamics and Opportunities – Market to reach £8.85 billion in 2025 –

DUBLIN–(BUSINESS WIRE)–The report “United Kingdom (UK) Commercial Property Insurance Market Size, Trends, Competitor Dynamics and Opportunities” has been added to from offer.

This report analyzes the UK commercial property insurance market, examining the drivers of adoption across different types of demographics and dwellings.

It discusses the claims landscape in 2020, as well as the commercial property market in London and upcoming regulatory changes within insurance. Incumbent competitors are analyzed and compared, along with newcomers and insurtechs in the space. The report also explores future market impacts including climate change, underinsurance, and changing office environment.

Gross written premiums (GWP) in the UK commercial property insurance market increased by 15.9% to almost £7 billion in 2020. This growth can be attributed to a significant tightening of rates on the market, while the demand for fonts saw a slight increase. In early 2020, the claims market was affected by weather-related claims as storms Ciara, Dennis and Jorge swept across the UK.

The rest of the year was dominated by COVID-19, with store and office closures for extended periods leading to an explosion in business interruption claims. Going forward, claims inflation – driven primarily by global supply-side constraints – will preserve market hardening as construction costs continue to rise and the economy struggles to emerge at the bottom. times of the pandemic and Brexit.


  • The GWP in the UK commercial property market reached almost £7 billion in 2020, a growth rate of 15.9%.

  • 2020 was the most expensive year in the last decade in terms of claims on the market. Gross claims paid rose 25.1% from 2019 levels to £2.3bn.

  • Aviva remains the market leader with an 18.8% market share, bringing its GWP to £1.3 billion in 2020.

Reasons to buy

  • Analyzing growth drivers in the UK commercial property market

  • Determine areas of concern for insurers and the wider market, including in the claims landscape

  • Recognize the impact of Brexit and COVID-19 on the market

  • Know the market shares of the main players

  • Examine future market opportunities and challenges

Main topics covered:

1. Summary

1.1 Market Overview

1.2 Main results

1.3 Critical success factors

2. Market dynamics

2.1 The UK commercial property market has grown significantly in 2020

2.2 2020 has been a killer year for commercial property claims

2.3 2020 has been bad for the construction sector

2.4 Investment in London fell in 2020, but should return to growth in the future

2.5 Regulations and tax incentives have affected retail investment in commercial property

2.6 Growing housing demand will drive more commercial conversions to residences

3. Competitor dynamics

3.1 Aviva is still the market leader by some distance

4. The market in the future

4.1 Commercial property insurance will grow to Gbp 8.85 billion in 2025

4.2 Brexit and Covid-19 will make it harder for the construction industry to recover than first thought

4.3 Underinsurance problems are exacerbated by global supply-side issues

4.4 The Grenfell and Esg initiatives will create challenges and opportunities for insurers

4.5 Technology is becoming more valuable to commercial property insurers

4.6 The changing landscape of office work presents an opportunity for insurers

5. Appendix

Companies cited

  • Aviva

  • AIG

  • AXA

  • RSA

  • Zürich

  • Allianz

  • Munich Re

  • We work

  • Chubb

  • NFU Mutual

  • Direct line group

  • Legal and general

  • Greggs

  • Intact Financial Corporation

  • Generali

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