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 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
  • The UK insurance market had total gross written premiums of $335.9bn in 2018, representing a compound annual growth rate (CAGR) of 5.3% between 2014 and 2018.
  • The life insurance segment was the market's most lucrative in 2018, with total gross written premiums of $235.0bn, equivalent to 70% of the market's overall value.
  • The non-life insurance market has been subject to a series of insurance premium tax increases over the last two years, further adding to the rising price of premiums.
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 2018?
  • What will be the size of the United Kingdom insurance market in 2023?
  • 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?


1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. What is the rationale for the recent M&A activity?
8 Company Profiles
8.1. Aviva Plc
8.2. Prudential Plc
8.3. Lloyds Banking Group Plc
8.4. Zurich Insurance Group Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: United Kingdom insurance market value: $ billion, 2014-18
Table 2: United Kingdom insurance market category segmentation: $ billion, 2018
Table 3: United Kingdom insurance market geography segmentation: $ billion, 2018
Table 4: United Kingdom insurance market value forecast: $ billion, 2018-23
Table 5: United Kingdom insurance market share: % share, by value, 2018
Table 6: Aviva Plc: key facts
Table 7: Aviva Plc: Annual Financial Ratios
Table 8: Aviva Plc: Key Employees
Table 9: Aviva Plc: Key Employees Continued
Table 10: Prudential Plc: key facts
Table 11: Prudential Plc: Annual Financial Ratios
Table 12: Prudential Plc: Key Employees
Table 13: Lloyds Banking Group Plc: key facts
Table 14: Lloyds Banking Group Plc: Annual Financial Ratios
Table 15: Lloyds Banking Group Plc: Key Employees
Table 16: Lloyds Banking Group Plc: Key Employees Continued
Table 17: Zurich Insurance Group Ltd: key facts
Table 18: Zurich Insurance Group Ltd: Annual Financial Ratios
Table 19: Zurich Insurance Group Ltd: Key Employees
Table 20: United Kingdom size of population (million), 2014-18
Table 21: United Kingdom gdp (constant 2005 prices, $ billion), 2014-18
Table 22: United Kingdom gdp (current prices, $ billion), 2014-18
Table 23: United Kingdom inflation, 2014-18
Table 24: United Kingdom consumer price index (absolute), 2014-18
Table 25: United Kingdom exchange rate, 2014-18
List of Figures
Figure 1: United Kingdom insurance market value: $ billion, 2014-18
Figure 2: United Kingdom insurance market category segmentation: % share, by value, 2018
Figure 3: United Kingdom insurance market geography segmentation: % share, by value, 2018
Figure 4: United Kingdom insurance market value forecast: $ billion, 2018-23
Figure 5: Forces driving competition in the insurance market in the United Kingdom, 2018
Figure 6: Drivers of buyer power in the insurance market in the United Kingdom, 2018
Figure 7: Drivers of supplier power in the insurance market in the United Kingdom, 2018
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in the United Kingdom, 2018
Figure 9: Factors influencing the threat of substitutes in the insurance market in the United Kingdom, 2018
Figure 10: Drivers of degree of rivalry in the insurance market in the United Kingdom, 2018
Figure 11: United Kingdom insurance market share: % share, by value, 2018

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