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Risk & Damage Evaluation in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Risk & Damage Evaluation Market Research Report | SIC K66.210 | May 2016

Damage control: Regulatory and policy changes will influence the industry in the coming years

IBISWorld’s Risk & Damage Evaluation market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Crawford & Co Adjusters (UK) Ltd Crawford & Co Adjusters (UK) Ltd market share
Cunningham Lindsey United Kingdom Cunningham Lindsey United Kingdom market share
Davies Group Ltd Davies Group Ltd market share
Industry Statistics & Market Size
Revenue
£871m
Annual Growth 12-17
3.3%
Annual Growth 17-22
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Profit
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Employment
15,008
Businesses
761
Industry Threats & Opportunities
  • The rise in the frequency of natural disasters propelled demand for industry services
  • Demand for general insurance is expected to rise and positively influence claim volumes
  • The increase in insurance fraud in the past is expected to positively influence the industry
  • ... purchase to read more

Industry Analysis & Industry Trends

The industry acts as an outsourced claims adjusting and processing service for insurers. The industry also provides services to policyholders in the form of independent third-party validation, or the contesting of evaluations made by assessors employed by the insurers underwriting the policy. Therefore, demand for the industry's services is closely aligned with the level of outsourcing insurers opt to undertake, insurance coverage and the occurrence of insured risks that give rise to the need for assessing damage caused and the level of payouts.

Revenue is expected to increase at a compound annual rate of 3.3% over the five years through 2016-17... purchase to read more

Industry Report - Industry Locations Chapter

The geographic distribution of establishments is closely aligned to that of the General Insurance industry. Demand for the industry's services comes mainly from insurers that use risk and damage evaluators to determine the level of damage caused by risks insured, disasters and accidents, and the size of the payout to make to an insurance policyholder. Due to many households and businesses purchasing insurance cover, industry establishments are also heavily concentrated in densely populated regions and those where business activity is high.

London

London has the highest concentration of industry establishments. London is the dominant commercial business centre in the United Kingdom and is the most important region for general insurers. It .. purchase to read more

Additional Insights for the Risk & Damage Evaluation Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Risk & Damage Evaluation Industry are

  • Access to a highly skilled workforce
  • Having a good reputation
  • Having a good technical knowledge of the product
  • IBISWorld analysts also discuss how external factors such as Demand from general insurance and Damage caused by natural disasters in the Risk & Damage Evaluation industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Risk & Damage Evaluation Industry?

    The industry provides insurance administration services, assessing insurance claims made by policyholders and settling claims.

    Industry Products
    Motor risk and damage evaluationProperty and content risk and damage evaluationMarine, aviation and transport risk and damage evaluationAccident and health insurance risk and damage evaluationOther services
     
    Industry Activities
    Claims adjustingRisk assessingRisk and damage evaluationAverage and loss adjusting Assessing and settling insurance claims


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from general insurance
  • Damage caused by natural disasters
  • Real household disposable income
  • Total number of registered motor vehicles
  • Number of households
  • Current Performance
  • Rebounding conditions
  • Margins widen
  • Chart: Revenue Growth
  • Industry Outlook
  • Stronger demand
  • Regulatory influences
  • Profitability improves
  • Table: Risk & Damage Evaluation Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Risk & Damage Evaluation Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • General Insurance
  • Consumers
  • Key Selling Industries
  • Car Rental & Leasing
  • Renting and Operating of Own or Leased Real Estate
  • Products & Services
  • Property and content risk and damage evaluation
  • Motor risk and damage evaluation
  • Marine, aviation and transport risk and damage evaluation
  • Accident and health insurance risk and damage evaluation
  • Other services
  • Chart: Risk & Damage Evaluation Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Insurance companies
  • Households
  • Commercial
  • Chart: Major Market Segmentation for the Risk & Damage Evaluation Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Risk & Damage Evaluation
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Risk & Damage Evaluation Industry
  • Industry Globalization
    Major Companies
    Cunningham Lindsey United Kingdom
    Crawford & Co Adjusters (UK) Ltd
    Davies Group Ltd
  • Table: Cunningham Lindsey United Kingdom - financial performance
  • Table: Crawford & Co Adjusters (UK) Ltd - financial performance
  • Table: Davies Group Ltd - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Risk & Damage Evaluation Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Risk & Damage Evaluation Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Claim
  • A formal request to an insurance company asking for a payment based on the terms of the insurance policy.
  • Insurance Coverage
  • The amount of risk or liability covered for an individual or entity by the way of insurance services.
  • Underwriting
  • A process of measuring risk and determining the premium that needs to be paid to insure that risk.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Risk & Damage Evaluation:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Risk & Damage Evaluation market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Risk & Damage Evaluation, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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