At Shopper Intelligence, we’re proud to unveil our newest market intelligence answer, designed particularly for UK insurers working within the Landlord insurance coverage house. Because the rental market continues to evolve, so too should the methods of insurers trying to keep aggressive, agile, and knowledgeable.
A number of elements contribute to the rising proportion of renters within the UK
- Housing Affordability: The price of shopping for a house has elevated considerably, making it troublesome for many individuals to afford homeownership. Home costs have risen at twice the speed of wages over the previous 20 years
- Scarcity of Houses: There’s a vital shortfall within the variety of houses accessible, with the UK needing round 300,000 new houses yearly to satisfy demand. This scarcity drives up property costs and pushes extra folks into renting.
- Way of life Preferences: Renting presents flexibility, which is interesting to youthful adults and people who choose to not be tied down by a mortgage .
- Financial Elements: Rising rents and the price of residing disaster have made renting extra widespread. Common personal rents within the UK elevated by 7.7% within the 12 months as much as March 2025 .
- Authorities Insurance policies: Insurance policies and rules, akin to hire controls in Scotland and Wales, have additionally influenced the rental market.
Introducing Our Landlord Insurance coverage Market Benchmarking Service
This highly effective new benchmarking service gives insurers with a complete view of the owner insurance coverage panorama, providing unparalleled insights into:
- Pricing Benchmarks: Perceive how your pricing compares to opponents throughout key buyer segments and geographies.
- Quotability Metrics: Establish the place your merchandise are being quoted—and the place they’re not—so you possibly can uncover untapped alternatives.
- Market Dynamics: Observe shifts in market share, pricing traits, and shopper behaviour to remain forward of the curve.
Why It Issues
The owner insurance coverage market is dynamic, formed by regulatory modifications, financial pressures, and evolving buyer wants. Our benchmarking service empowers insurers to:
✅ Pinpoint areas for development and refinement
✅ Improve pricing methods with month-to-month market knowledge
✅ Enhance quotability and diversify into new segments.
✅ Make data-driven selections with confidence
Greater than half of landlords (55%) reported a better renewal premium. Three quarters store round at renewal, exhibiting excessive worth sensitivity and engagement. Simply over half (53%) switched insurer, indicating energetic churn reasonably than passive loyalty.
Constructed for Strategic Benefit
Whether or not you are trying to broaden your footprint, refine your pricing fashions, or just acquire a clearer image of your aggressive place, this knowledge is your strategic ally. With actionable insights, it’s by no means been simpler to show knowledge into alternative.
At Shopper Intelligence, we’re excited to assist insurers in unlocking the huge potential within the Landlord market. By specializing in these underserved prospects and aligning methods with regulatory expectations, insurers can obtain vital development, profitability, and buyer loyalty in a sector ripe for innovation.
