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Insurance in the United Kingdom

Insurance in the United Kingdom

Summary

Insurance in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis

Essential resource for top-line data and analysis covering the United Kingdom insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.

The UK insurance market had total gross written premiums of $303.1bn in 2016, representing a compound annual growth rate (CAGR) of 1.9% between 2012 and 2016.

The life insurance segment was the market's most lucrative in 2016, with total gross written premiums of $198.7bn, equivalent to 65.5% of the market's overall value.

The significant growth of disposable income of the UK households in period 2014-16 has spurred demand for insurance products in the last two years. Moreover, an inflationary trend in premiums of certain classes of non-life insurance such as motor insurance, along with a series of insurance premium tax increases in the last two years added to this.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in the United Kingdom
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in the United Kingdom
  • Leading company profiles reveal details of key insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the United Kingdom insurance market with five year forecasts
Reasons to buy
  • What was the size of the United Kingdom insurance market by value in 2016?
  • What will be the size of the United Kingdom insurance market in 2021?
  • What factors are affecting the strength of competition in the United Kingdom insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitiors in the United Kingdom's insurance market?


Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
Aviva plc
AXA SA
Lloyds Banking Group Plc
Prudential Plc
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine
List of Tables
Table 1: United Kingdom insurance market value: $ billion, 2012-16
Table 2: United Kingdom insurance market category segmentation: $ billion, 2016
Table 3: United Kingdom insurance market geography segmentation: $ billion, 2016
Table 4: United Kingdom insurance market value forecast: $ billion, 2016-21
Table 5: Aviva plc: key facts
Table 6: Aviva plc: key financials ($)
Table 7: Aviva plc: key financials (£)
Table 8: Aviva plc: key financial ratios
Table 9: AXA SA: key facts
Table 10: AXA SA: key financials ($)
Table 11: AXA SA: key financials (€)
Table 12: AXA SA: key financial ratios
Table 13: Lloyds Banking Group Plc: key facts
Table 14: Lloyds Banking Group Plc: key financials ($)
Table 15: Lloyds Banking Group Plc: key financials (£)
Table 16: Lloyds Banking Group Plc: key financial ratios
Table 17: Prudential Plc: key facts
Table 18: Prudential Plc: key financials ($)
Table 19: Prudential Plc: key financials (£)
Table 20: Prudential Plc: key financial ratios
Table 21: United Kingdom size of population (million), 2012-16
Table 22: United Kingdom gdp (constant 2005 prices, $ billion), 2012-16
Table 23: United Kingdom gdp (current prices, $ billion), 2012-16
Table 24: United Kingdom inflation, 2012-16
Table 25: United Kingdom consumer price index (absolute), 2012-16
Table 26: United Kingdom exchange rate, 2012-16
List of Figures
Figure 1: United Kingdom insurance market value: $ billion, 2012-16
Figure 2: United Kingdom insurance market category segmentation: % share, by value, 2016
Figure 3: United Kingdom insurance market geography segmentation: % share, by value, 2016
Figure 4: United Kingdom insurance market value forecast: $ billion, 2016-21
Figure 5: Forces driving competition in the insurance market in the United Kingdom, 2016
Figure 6: Drivers of buyer power in the insurance market in the United Kingdom, 2016
Figure 7: Drivers of supplier power in the insurance market in the United Kingdom, 2016
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in the United Kingdom, 2016
Figure 9: Factors influencing the threat of substitutes in the insurance market in the United Kingdom, 2016
Figure 10: Drivers of degree of rivalry in the insurance market in the United Kingdom, 2016
Figure 11: Aviva plc: revenues & profitability
Figure 12: Aviva plc: assets & liabilities
Figure 13: AXA SA: revenues & profitability
Figure 14: AXA SA: assets & liabilities
Figure 15: Lloyds Banking Group Plc: revenues & profitability
Figure 16: Lloyds Banking Group Plc: assets & liabilities
Figure 17: Prudential Plc: revenues & profitability
Figure 18: Prudential Plc: assets & liabilities

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