UK Public & Product Liability Insurance Market to Grow at a CAGR of 8.6% to 2018

The public and product liability category grew at a compound annual growth rate (CAGR) of 8.8% during the 2009–2013 review period, reaching GBP2.9 billion in 2013. This growth was triggered by an increase in the number of personal injury compensation claims and the rising costs of medical care and civil litigation. Public and product liability insurance premiums increased by 8.6% in 2012, further rising by 19.5% in 2013. The strengthening economy, an increase in the number of private-sector businesses and a pick-up in retail and manufacturers’ product sales have all contributed to premium growth in the category.
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