Report cover image

United Kingdom (UK) Non-Life Insurance Market to 2027

Publisher MarketLine
Published Nov 17, 2023
Length 48 Pages
SKU # MTLN18457572

Description

United Kingdom (UK) Non-Life Insurance Market to 2027


Summary
Non-Life Insurance in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 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
  • Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
  • The UK non-life insurance market had total gross written premiums of $86.4 billion in 2022, representing a compound annual growth rate (CAGR) of 4% between 2017 and 2022.
  • The motor segment accounted for the market's largest proportion in 2022, with total gross written premiums of $24.2 billion, equivalent to 28% of the market's overall value.
  • The inflationary pressure in 2023 resulted in high interest rates which in turn impacted insurers' profitability through a rise in claim costs.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, 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 by both value and volume
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?
  • Who are the top competitors in the United Kingdom's non-life insurance market?

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 the leading players follow?
7.4. What are the strengths of the leading players?
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
Table 2: United Kingdom non–life insurance market category segmentation: % share, by value, 2017–2022
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
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
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: RSA Insurance Group Ltd: Key Employees Continued
Table 19: Direct Line Insurance Group Plc: key facts
Table 20: Direct Line Insurance Group Plc: Annual Financial Ratios
Table 21: Direct Line Insurance Group Plc: Key Employees
Table 22: United Kingdom size of population (million), 2018–22
Table 23: United Kingdom gdp (constant 2005 prices, $ billion), 2018–22
Table 24: United Kingdom gdp (current prices, $ billion), 2018–22
Table 25: United Kingdom inflation, 2018–22
Table 26: United Kingdom consumer price index (absolute), 2018–22
Table 27: United Kingdom exchange rate, 2018–22
List of Figures
Figure 1: United Kingdom non-life insurance market value: $ billion, 2017–22
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
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

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us