Investor Presentaiton

16 Motorcycle Insurance • • • • • Motorcycle insurance market was worth £187m GWP in 2005 Equity Red Star had nearly 30% at £55m Nearest competitor is Norwich Union at £32m New entrants to the market are rare but EBike entered in 2005 Competitive pressure kept growth low in 2005 at 2.5% but 2004 saw an overall decrease by c. 6.2% Distribution remains strongly through specialist brokers, manufacturers and dealers Motorcycle Insurance Market Share 2005 Groupama HSBC CIS Other 2% 1.2%/4.5% 3.3% Landmark 5.1% Highway 7.2% AXA 8.3% Royal & SunAlliance 9.0% NIG 12.9% Equity Red Star 29.4% Norwich Union 17.1% IAG Insurance Australia Group Source: Datamonitor

View entire presentation