Insurance Information | All About Insurance Online

DUBLIN–Research and Markets
(http://www.researchandmarkets.com/research/449051/understanding_the)
has announced the addition of the “Understanding
the UK Car Insurance System – Part 2: How to Gain Competitive UK
Insurance Ratings” report to their offering.

An insight into how to develop an efficient strategy to reduce
insurance
costs without increasing the vehicle cost. This report explains how
to
gain competitive group ratings in the UK car insurance system at
minimal
cost. It provides best practice using worked examples and suggests
ways
in which to manage the whole process in order to offer drivers the
benefit of lower insurance costs.

This report explains how to gain competitive group ratings in the UK
car
insurance system at minimal cost. It provides an insight into best
practice using worked examples and suggests ways in which to manage
the
whole process in order to offer drivers the benefit of lower
insurance
costs.

A summary of how the group rating process works and how the main
factors
are evaluated and how they contribute to the rating.

• An overall strategy for gaining competitive group ratings is
  provided
  which includes a process for setting clear targets for new models
  and
  a structured approach to each stage of development to achieve the
  targets.
• How to best manage the submission timeline for new vehicles.

Please note these reports do not contain the actual group rating
formula. This can only be obtained directly from the ABI or Thatcham.

However, following the guidelines and examples in this report gives a

clear method of achieving the best out of the process and minimising
cost and risk.

Executive Summary:

Understand insurance and maximise your competitive position in the UK

The UK insurance approval system is one of the most complicated in
the
world and has specific performance requirements for damage &
repairability in low speed impact, and security performance.

To help appreciate the complexities, SBD presents a three part series
of
reports on “Understanding the UK Car Insurance System” which provide
the
knowledge needed to gain competitive insurance group ratings in the
UK
market. The reports provide insight into best practice, explain the
insurance processes and recommend how to manage the activities
required
for a new vehicle to get the best insurance rating it is capable of
in
the most cost effective manner.

Key Topics Covered:

• Executive summary
• Introduction to this report
• The “Understanding the UK Car Insurance” series of reports
• Summary
• Introduction to the “Understanding the UK car insurance system”
  report
  series
• Example vehicles
• The UK insurance group rating process summary
• Key players
• Fundamental group rating influences
• What influences the outcome?
• How are the group ratings used?
• Planning
• Timeline
• Setting clear group rating targets
• Meeting the targets – D&R
• Analysing the D&R target
• D&R design
• D&R best practice
• D&R testing
• Meeting the targets – Security
• Analysing the security target
• Security design – body mechanical
• Security design – electrical
• Security design – vehicle identification
• Security performance testing
• Managing the ABI submission
• Questionnaire details
• Parts pricing strategy
• ABI submission management
• List of figures

For more information visit

http://www.researchandmarkets.com/research/449051/understanding_the