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General Insurance in the UK - Industry Market Research Report

Publisher IBISWorld
Published Aug 23, 2024
Length 78 Pages
SKU # IBSS19120267

Description

General Insurance in the UK - Industry Market Research Report


General Insurance in the UK

Over the five years through 2022-23, the General Insurance industry's revenue is forecast to edge downwards at a compound annual rate of 1.5%. After Solvency II regulations were brought in at the start of 2016, buffer requirements constricted capital. More recently, the COVID-19 pandemic severely disrupted insurance patterns and claims, with some lines (like car insurance) becoming considerably more profitable, with the opposite true for others (like income protection).

Businesses in this industry underwrite insurance policies relating to property, casualty, liability and other general risks. The premiums they earn from this are then invested to generate additional income. Underwriting life and disability is a separate industry, although many firms compete in both insurance markets.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

78 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Major Markets
Globalisation & Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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