The/Insurance/Q2 2018 industry in the UK is highly developed with both the life and non-life sectors boasting high rates ofpenetration and density. The competitive landscape is diverse with numerous domestic and multinational carriers of varying scalecontending for a share of written premiums. This competition is placing significant pressure on pricing, particularly in key non-lifesegments such as motor/Insurance/Q2 2018 and property/Insurance/Q2 2018. Headwinds in the market are also arising from stagnant wages, highhousehold debt levels and an increased tax burden which are making/Insurance/Q2 2018 less affordable for many households. Uncertaintysurrounding the Brexit process also continues to cloud the market outlook.