Research and Markets: Understanding the UK Car Insurance System - Part 2 Explains How to Gain Competitive Group Ratings in the UK Car Insurance System at Minimal Cost

DUBLIN - (BUSINESS WIRE) - 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

Research and Markets
Laura Wood, Senior Manager,
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716