Life Insurance in the United Kingdom

Life Insurance in the United Kingdom

  • February 2020 •
  • 46 pages •
  • Report ID: 171521 •
  • Format: PDF
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 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 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 2018 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 $235bn in 2018, representing a compound annual growth rate (CAGR) of 6.5% between 2014 and 2018.
- High levels of household disposable income alongside with low consumer confidence and low interest rates than the previous years, boosted sales for life insurance products.
- The UK’s interest rate was lowered to 0.5% in April 2009, and dipped closer to zero in 2016 following the uncertainty of the Brexit referendum aftermath.

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 2018?
- What will be the size of the United Kingdom life insurance market in 2023?
- 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?
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