1. Company Name: R H Hughes Insurance Services
City/Town: Colwyn Bay
Postal Code: LL29 7LD
Street Address: 62 Conway Rd
Country: United Kingdom
2. Company Name: Allen Financial Services
City/Town: Cardiff
Postal Code: CF14 1RR
Street Address: 41 Birchgrove Rd
Country: United Kingdom
3. Company Name: M.Georgieff Jones Insurance Services Ltd
City/Town: Flint
Postal Code: CH6 5YN
Street Address: 8 Acorn Business Park
Country: United Kingdom
4. Company Name: Gallagher
City/Town: Pontyclun
Postal Code: CF72 8XT
Street Address: Magden Park Green Meadow
Country: United Kingdom
5. Company Name: Matthew Davies Protection Advisor
City/Town: Caerphilly
Postal Code: CF83 4BE
Street Address: 35 King St
Country: United Kingdom
6. Company Name: Lifestyle Financial Advice Ltd
City/Town: Pontyclun
Postal Code: CF72 8AE
Street Address: Lifestyle House 97-99 Talbot Rd
Country: United Kingdom
7. Company Name: D C S Financial
City/Town: Porthcawl
Postal Code: CF36 3XB
Street Address: 1 The Portway
Country: United Kingdom
8. Company Name: B P W Insurance
City/Town: Newport
Postal Code: NP20 4ED
Street Address: Cathedral Chambers 107 Stow Hill
Country: United Kingdom
9. Company Name: Paula Clement – Independent Mortgage & Protection Adviser
City/Town: Bridgend
Postal Code: CF35 6SG
Street Address: 21 Wimborne Rd
Country: United Kingdom
10. Company Name: Short Bark & Sides Dog Grooming with Day Care
City/Town: Swansea
Postal Code: SA5 8JF
Street Address: Unit 14a, Cwmdu Ind Est, Carmarthen Rd
Country: United Kingdom
11. Company Name: Martin McCudden, Financial Adviser Dip CII,Cert CII (MP)
City/Town: Rhyl
Postal Code: LL18 5FN
Street Address: Guards House Hyde Park
Country: United Kingdom
12. Company Name: Douglas Insurance Brokers
City/Town: Swansea
Postal Code: SA1 1SR
Street Address: 2nd Floor Frigate House, Quay Parade
Country: United Kingdom
13. Company Name: One 2 One Mortgage Solutions Ltd
City/Town: Cwmbran
Postal Code: NP44 1EE
Street Address: 5-7 New St
Country: United Kingdom
14. Company Name: Morgeisi Menai Mortgages Ltd
City/Town: Caernarfon
Postal Code: LL55 2UN
Street Address: 24 Y Bryn
Country: United Kingdom
15. Company Name: Gregory Davies Wealth Management Ltd
City/Town: Caerphilly
Postal Code: CF83 3GG
Street Address: Britannia House, Caerphilly Business Park
Country: United Kingdom
16. Company Name: The Financial Maze
17. Company Name: Calon Mortgages Ltd
City/Town: Llanelli
Postal Code: SA15 1AQ
Street Address: 23 Murray St
Country: United Kingdom
18. Company Name: Mortgage Advice Bangor Rachel Williams
City/Town: Bangor
Postal Code: LL57 1NU
Street Address: 156 High St
Country: United Kingdom
19. Company Name: GAH & Associates, IFA
City/Town: Menai Bridge
Postal Code: LL59 5YD
Street Address: Sport Y Gwynt Lon Ganol
Country: United Kingdom
20. Company Name: Victoria at MV Mortgages
City/Town: Newport
Postal Code: NP19 4NZ
Street Address: 54 Westmoor Close
Country: United Kingdom
21. Company Name: Bwlchgwyn Cattery
City/Town: Wrexham
Postal Code: LL11 5YE
Street Address: 44 Cefn Rd
Country: United Kingdom
22. Company Name: Woodland-Walkies Dog Walking & Dog Sitting Services
City/Town: Penarth
Postal Code: CF64 3RL
Street Address: 86 Cae Canol
Country: United Kingdom
23. Company Name: Beacon I F A
City/Town: Tredegar
Postal Code: NP22 3PW
Street Address: Beacon House Red Lion Square
Country: United Kingdom
24. Company Name: Gwyn-May Financial Advisors Ltd
City/Town: Merthyr Tydfil
Postal Code: CF48 3RW
Street Address: 45 Victoria St
Country: United Kingdom
25. Company Name: Charles Frank Finance Ltd
City/Town: Cardiff
Postal Code: CF15 7PL
Street Address: 89 Cardiff Rd
Country: United Kingdom
26. Company Name: MGJ
City/Town: Flint
Postal Code: CH6 5YN
Street Address: 8 Acorn Business Park
Country: United Kingdom
27. Company Name: Dog Tales
City/Town: Aberystwyth
Postal Code: SY23 1JR
Street Address: 15 Custom House St
Country: United Kingdom
28. Company Name: Shampooch
City/Town: Colwyn Bay
Postal Code: LL28 5HB
Street Address: Mochdre Business Park
Country: United Kingdom
29. Company Name: First in Mortgages
City/Town: Cardiff
Postal Code: CF23 8SE
Street Address: 16 Felbrigg Crescent
Country: United Kingdom
30. Company Name: Cwm Cou Cattery
City/Town: Newcastle Emlyn
Postal Code: SA38 9PE
Street Address: Yet Wen
Country: United Kingdom
31. Company Name: J W A Financial Planning Ltd
City/Town: Cardiff
Postal Code: CF24 2SA
Street Address: Technology Bus. Ctr, 2 Alexandra Gate, Ffordd Pengam
Country: United Kingdom
32. Company Name: Green Acres Cattery
City/Town: Abergele
Postal Code: LL22 9DP
Street Address: Green Acres Cae Onnen
Country: United Kingdom
33. Company Name: Pampered Pooches
City/Town: Pontypridd
Postal Code: CF37 1SN
Street Address: 65 Park St
Country: United Kingdom
34. Company Name: Chels Petals
City/Town: Cardiff
Postal Code: CF10 5LE
Street Address: 126 Bute Street
Country: United Kingdom
35. Company Name: Quick Quote Life Ltd
City/Town: Swansea
Postal Code: SA7 0AJ
Street Address: Axis 3 Axis Court Mallard Way, Riverside Business Park
Country: United Kingdom
36. Company Name: Nfu Mutual Wrexham
City/Town: Wrexham
Postal Code: LL13 7YL
Street Address: Poplar House, Yale Business Village
Country: United Kingdom
37. Company Name: Candleston Financial Services Ltd
City/Town: Bridgend
Postal Code: CF32 0QB
Street Address: 26 Channel View
Country: United Kingdom
38. Company Name: Gerry Williams
City/Town: Aberdare
Postal Code: CF44 8YD
Street Address: 17 Sycamore Close
Country: United Kingdom
39. Company Name: Keen Insurance
City/Town: Neath
Postal Code: SA11 1RN
Street Address: 48 The Parade
Country: United Kingdom
40. Company Name: Archenfield Insurance Management Ltd
City/Town: Monmouth
Postal Code: NP25 3BX
Street Address: 17 Church St
Country: United Kingdom
41. Company Name: Gwynfor Jones & Co
City/Town: Colwyn Bay
Postal Code: LL29 8NB
Street Address: Darian House 8 Wynnstay Rd
Country: United Kingdom
42. Company Name: Eden Hawk Financial Solutions
43. Company Name: Mortgage Taylors Ltd
City/Town: Chepstow
Postal Code: NP16 5UH
Street Address: Suite 4 Basepoint, Riverside Court
Country: United Kingdom
44. Company Name: Bowens Petcare
City/Town: Llandudno
Postal Code: LL30 1SW
Street Address: 20 Bryn Lupus Rd
Country: United Kingdom
45. Company Name: Chrysalis Pets
City/Town: Buckley
Postal Code: CH7 2EH
Street Address: 53 Brunswick Rd
Country: United Kingdom
46. Company Name: Pleasant Dog Walks
City/Town: Penarth
Postal Code: CF64 5TQ
Street Address: 6 Arlington Rd
Country: United Kingdom
47. Company Name: Kate’s Dog Grooming Neath
City/Town: Neath
Postal Code: SA10 6HD
Street Address: 185 New Rd
Country: United Kingdom
48. Company Name: Tannorella Mortgages Ltd
City/Town: Penarth
Postal Code: CF64 5SD
Street Address: 15 Highbridge Close
Country: United Kingdom
49. Company Name: WLTDO Dog Caring
City/Town: Cardiff
Postal Code: CF14 2QL
Street Address: 4 Bala Rd
Country: United Kingdom
50. Company Name: MGJ
City/Town: Flint
Postal Code: CH6 5YN
Street Address: 8 Acorn Business Park
Country: United Kingdom
Insurance is a critical component of financial planning and risk management in Wales, as it is throughout the United Kingdom. This comprehensive explanation will cover various types of insurance available in Wales, the regulatory framework, key players in the industry, and unique considerations for Welsh consumers.
Types of Insurance
1. Health Insurance:
- NHS and Private Health Insurance: Wales, like the rest of the UK, has the National Health Service (NHS), which provides free healthcare at the point of use. However, some individuals opt for private health insurance to access private hospitals, reduce waiting times, and receive treatments not covered by the NHS.
- Providers: Major providers include Bupa, Aviva, and AXA PPP Healthcare. Some insurers offer policies tailored to the Welsh market, considering local healthcare facilities and needs.
2. Home Insurance:
- Buildings and Contents Insurance: Homeowners typically purchase buildings insurance to cover structural damage and contents insurance for personal belongings. Flooding is a particular concern in some Welsh regions, so policies often include flood risk assessments.
- Providers: Companies like Admiral, LV=, and Churchill offer comprehensive home insurance policies.
3. Motor Insurance:
- Mandatory Coverage: By law, all drivers in Wales must have at least third-party motor insurance. Comprehensive policies are also popular, offering more extensive coverage.
- Providers: Admiral, a company founded in Cardiff, is a prominent player in the Welsh motor insurance market. Other providers include Direct Line and Hastings Direct.
4. Life Insurance:
- Types: Term life insurance, whole life insurance, and critical illness cover are common. These policies provide financial protection for beneficiaries in the event of the policyholder’s death or diagnosis of a serious illness.
- Providers: Major UK insurers like Legal & General, Aviva, and Scottish Widows offer life insurance products.
5. Travel Insurance:
- Coverage: Travel insurance covers medical expenses, trip cancellations, lost luggage, and other travel-related risks. Special policies may be available for those with pre-existing medical conditions or adventure travel.
- Providers: Insurers such as Staysure, AXA, and Post Office Money provide travel insurance tailored to various needs.
Regulatory Framework
1. Financial Conduct Authority (FCA):
- The FCA regulates the insurance industry across the UK, including Wales. It ensures that insurers operate fairly and transparently, protecting consumer interests.
2. Prudential Regulation Authority (PRA):
- The PRA, part of the Bank of England, oversees the financial health of insurance firms. It ensures that companies have sufficient capital and risk management strategies in place.
3. Welsh Government:
- While insurance regulation is primarily a UK-wide matter, the Welsh Government influences related areas such as health and social care, which can impact health insurance policies and services.
Key Players in the Welsh Insurance Market
1. Admiral Group:
- Founded in Cardiff, Admiral is a major player in the UK insurance market, particularly in motor insurance. The company has a significant presence in Wales, employing thousands of people.
2. LV=:
- LV= offers a wide range of insurance products, including home, car, and travel insurance. The company has a strong customer base in Wales.
3. Aviva:
- Aviva is one of the largest insurers in the UK, providing various insurance products. It has a robust presence in Wales, serving both individual and corporate clients.
4. NFU Mutual:
- NFU Mutual caters to the agricultural sector, which is particularly important in rural Welsh communities. They offer farm insurance, vehicle insurance, and home insurance tailored to farmers’ needs.
Unique Considerations for Welsh Consumers
1. Geographic Risks:
- Wales has diverse geography, including coastal areas, mountains, and valleys. This diversity brings specific risks such as flooding in low-lying areas and property damage from storms in coastal regions. Insurers must consider these factors when underwriting policies.
2. Economic Factors:
- The Welsh economy has unique characteristics, including a significant public sector and industries such as agriculture, tourism, and manufacturing. These economic factors can influence insurance needs and availability.
3. Language and Cultural Considerations:
- Wales is a bilingual country with Welsh and English as official languages. Some insurance providers offer services and documentation in Welsh to cater to Welsh-speaking consumers.
4. Health Services:
- The NHS in Wales operates under the jurisdiction of the Welsh Government, which can result in variations in healthcare services compared to other parts of the UK. Private health insurance policies may need to address these differences.
5. Community and Social Factors:
- Welsh communities often have strong local ties and a sense of community. Insurers may engage with local organizations and events to build trust and relationships with consumers.
Trends and Developments
1. Digital Transformation:
- The insurance industry in Wales, like the rest of the UK, is undergoing digital transformation. Online platforms, mobile apps, and digital tools are increasingly used to streamline the insurance purchasing process, manage claims, and enhance customer service.
2. Sustainable Insurance:
- Environmental sustainability is becoming a significant focus. Insurers are developing green products, such as eco-friendly home insurance policies, and incorporating environmental risk assessments into their underwriting processes.
3. Personalized Policies:
- Advances in data analytics and technology enable insurers to offer more personalized policies. Usage-based motor insurance, where premiums are based on driving behavior, is one example of this trend.
4. Brexit Impact:
- The UK’s exit from the European Union has implications for the insurance industry. Changes in regulations, potential trade barriers, and economic impacts are areas of concern. However, the long-term effects on the Welsh insurance market are still unfolding.
Consumer Protection and Advocacy
1. Financial Ombudsman Service (FOS):
- The FOS resolves disputes between consumers and financial service providers, including insurance companies. Welsh consumers can turn to the FOS if they have complaints about their insurance providers.
2. Citizens Advice:
- Citizens Advice offers guidance and support on insurance matters, helping consumers understand their rights and options. They provide resources specific to the Welsh context.
3. Industry Bodies:
- The Association of British Insurers (ABI) and the British Insurance Brokers’ Association (BIBA) are industry bodies that represent insurers and brokers, respectively. They play a role in setting industry standards and advocating for both industry interests and consumer protection.
Conclusion
Insurance in Wales encompasses a broad spectrum of products and services designed to meet the diverse needs of its population. From health and home insurance to motor and life insurance, the market is well-regulated and competitive. Unique geographic, economic, and cultural factors influence the insurance landscape in Wales, making it essential for consumers to choose policies that cater to their specific needs. As the industry evolves, driven by digital transformation and sustainability trends, Welsh consumers can expect more innovative and personalized insurance solutions.