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United Kingdom (UK) Non-Life Insurance Market Summary, Competitive Analysis and Forecast to 2027

Publisher MarketLine
Published Feb 20, 2023
Length 48 Pages
SKU # MTLN17912507

Description

United Kingdom (UK) Non-Life Insurance Market Summary, Competitive Analysis and Forecast to 2027


Summary

Non-Life Insurance in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer.
  • The UK non-life insurance market had total gross written premiums of $122.7 billion in 2022, representing a compound annual growth rate (CAGR) of 4.9% between 2017 and 2022.
  • The Motor segment accounted for market's the largest proportion in 2022, with total gross written premiums of $44.1 billion, equivalent to 35.9% of the market's overall value.
  • According to European Automobile Manufacturers’ Association (ACEA), UK passenger car sales increased from 115,706 units in November 2021 to 142,889 units in November 2022
Scope
  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the non-life insurance market in the United Kingdom
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in the United Kingdom
  • Leading company profiles reveal details of key non-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 non-life insurance market with five year forecasts
Reasons to Buy
  • What was the size of the United Kingdom non-life insurance market by value in 2022?
  • What will be the size of the United Kingdom non-life insurance market in 2027?
  • What factors are affecting the strength of competition in the United Kingdom non-life insurance market?
  • How has the market performed over the last five years?

Table of Contents

48 Pages
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 leading players follow?
7.4. How are leading players incorporating new technology into their business strategies?
7.5. How has the COVID-19 outbreak impacted the market?
8 Company Profiles
8.1. Aviva Plc
8.2. AXA SA
8.3. RSA Insurance Group Ltd
8.4. Direct Line Insurance Group Plc
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 non-life insurance market value: $ billion, 2017-22(e)
Table 2: United Kingdom non–life insurance market category segmentation: % share, by value, 2017–2022(e)
Table 3: United Kingdom non-life insurance market category segmentation: $ billion, 2017-2022
Table 4: United Kingdom non–life insurance market geography segmentation: $ billion, 2022(e)
Table 5: United Kingdom non-life insurance market value forecast: $ billion, 2022-27
Table 6: United Kingdom non-life insurance market share: % share, by value, 2022(e)
Table 7: Aviva Plc: key facts
Table 8: Aviva Plc: Annual Financial Ratios
Table 9: Aviva Plc: Key Employees
Table 10: Aviva Plc: Key Employees Continued
Table 11: AXA SA: key facts
Table 12: AXA SA: Annual Financial Ratios
Table 13: AXA SA: Key Employees
Table 14: AXA SA: Key Employees Continued
Table 15: AXA SA: Key Employees Continued
Table 16: RSA Insurance Group Ltd: key facts
Table 17: RSA Insurance Group Ltd: Key Employees
Table 18: Direct Line Insurance Group Plc: key facts
Table 19: Direct Line Insurance Group Plc: Annual Financial Ratios
Table 20: Direct Line Insurance Group Plc: Key Employees
Table 21: United Kingdom size of population (million), 2018–22
Table 22: United Kingdom gdp (constant 2005 prices, $ billion), 2018–22
Table 23: United Kingdom gdp (current prices, $ billion), 2018–22
Table 24: United Kingdom inflation, 2018–22
Table 25: United Kingdom consumer price index (absolute), 2018–22
Table 26: United Kingdom exchange rate, 2017–21
List of Figures
Figure 1: United Kingdom non-life insurance market value: $ billion, 2017-22(e)
Figure 2: United Kingdom non-life insurance market category segmentation: $ billion, 2017-2022
Figure 3: United Kingdom non–life insurance market geography segmentation: % share, by value, 2022(e)
Figure 4: United Kingdom non-life insurance market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the non-life insurance market in the United Kingdom, 2022
Figure 6: Drivers of buyer power in the non-life insurance market in the United Kingdom, 2022
Figure 7: Drivers of supplier power in the non-life insurance market in the United Kingdom, 2022
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in the United Kingdom, 2022
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in the United Kingdom, 2022
Figure 10: Drivers of degree of rivalry in the non-life insurance market in the United Kingdom, 2022
Figure 11: United Kingdom non-life insurance market share: % share, by value, 2022(e)

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