Insurance in the United Kingdom

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?

Companies mentioned

Aviva Plc

Prudential Plc

Lloyds Banking Group Plc

Zurich Insurance Group Ltd

Table of Contents

Table of Contents

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

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

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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