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Life Insurance in the United Kingdom

Life Insurance in the United Kingdom

Summary

Life Insurance in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

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

Key Highlights

The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2017 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.
The UK life insurance market had total gross written premiums of $189.8bn in 2017, representing a compound annual growth rate (CAGR) of 1.2% between 2013 and 2017.
The life insurance segment was the market's most lucrative in 2017, with total gross written premiums of $155.9bn, equivalent to 82.1% of the market's overall value.
The UK was the largest European market in 2017, with 23.0% of the region’s market value. It also demonstrated high life insurance penetration rates, with 7.2% of GDP in 2017, almost double the European average according to Swiss Re.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in the United Kingdom
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in the United Kingdom
  • Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the United Kingdom life insurance market with five year forecasts
Reasons to buy
  • What was the size of the United Kingdom life insurance market by value in 2017?
  • What will be the size of the United Kingdom life insurance market in 2022?
  • What factors are affecting the strength of competition in the United Kingdom life insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitiors in the United Kingdom's life insurance market?


Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market share
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market share
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
Lloyds Banking Group Plc
Prudential Plc
Royal London Group
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine
List of Tables
Table 1: United Kingdom life insurance market value: $ billion, 2013-
Table 2: United Kingdom life insurance market category segmentation: $ billion,
Table 3: United Kingdom life insurance market geography segmentation: $ billion,
Table 4: United Kingdom life insurance market share: % share, by value,
Table 5: United Kingdom life insurance market value forecast: $ billion, 2017-
Table 6: Aviva plc: key facts
Table 7: Aviva plc: key financials ($)
Table 8: Aviva plc: key financials (£)
Table 9: Aviva plc: key financial ratios
Table 10: Lloyds Banking Group Plc: key facts
Table 11: Lloyds Banking Group Plc: key financials ($)
Table 12: Lloyds Banking Group Plc: key financials (£)
Table 13: Lloyds Banking Group Plc: key financial ratios
Table 14: Prudential Plc: key facts
Table 15: Prudential Plc: key financials ($)
Table 16: Prudential Plc: key financials (£)
Table 17: Prudential Plc: key financial ratios
Table 18: Royal London Group: key facts
Table 19: United Kingdom size of population (million), 2013-
Table 20: United Kingdom gdp (constant 2005 prices, $ billion), 2013-
Table 21: United Kingdom gdp (current prices, $ billion), 2013-
Table 22: United Kingdom inflation, 2013-
Table 23: United Kingdom consumer price index (absolute), 2013-
Table 24: United Kingdom exchange rate, 2013-
List of Figures
Figure 1: United Kingdom life insurance market value: $ billion, 2013-
Figure 2: United Kingdom life insurance market category segmentation: % share, by value,
Figure 3: United Kingdom life insurance market geography segmentation: % share, by value,
Figure 4: United Kingdom life insurance market share: % share, by value,
Figure 5: United Kingdom life insurance market value forecast: $ billion, 2017-
Figure 6: Forces driving competition in the life insurance market in the United Kingdom,
Figure 7: Drivers of buyer power in the life insurance market in the United Kingdom,
Figure 8: Drivers of supplier power in the life insurance market in the United Kingdom,
Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in the United Kingdom,
Figure 10: Factors influencing the threat of substitutes in the life insurance market in the United Kingdom,
Figure 11: Drivers of degree of rivalry in the life insurance market in the United Kingdom,
Figure 12: Aviva plc: revenues & profitability
Figure 13: Aviva plc: assets & liabilities
Figure 14: Lloyds Banking Group Plc: revenues & profitability
Figure 15: Lloyds Banking Group Plc: assets & liabilities
Figure 16: Prudential Plc: revenues & profitability
Figure 17: Prudential Plc: assets & liabilities

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