Life Insurance in the United Kingdom, Key Trends and Opportunities to 2017

Date: August 23, 2013
Pages: 274
Price:
US$ 1,950.00
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Publisher: Timetric
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: L5469054104EN
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Life Insurance in the United Kingdom, Key Trends and Opportunities to 2017
SYNOPSIS

The report provides in depth market analysis, information and insights of the UK life insurance segment, including:
  • The UK life insurance segment growth prospects by categories
  • The various distribution channels in the UK life insurance segment
  • The competitive landscape in the life insurance segment in the United Kingdom
  • A description of the life reinsurance in the United Kingdom
SUMMARY

Life insurance was the largest segment in the UK insurance industry in 2012, accounting for 70.4% of total industry premiums. It is also one of the largest life insurance segments in Europe in gross written premium terms. The impact of the financial crisis, and subsequent European debt crisis, during the review period (2008–2012) resulted in a decline in consumer confidence. This decline adversely affected the demand for long-term insurance products, resulting in an overall decline in the UK life segment. However, the segment is expected to record growth over the forecast period following various initiatives taken by the government and life insurers. Life insurance products are predominantly distributed through brokers, with this channel accounting for 66.2% of the segment’s new business written premiums in 2012. The segment’s value declined at a review-period CAGR of 3.9%, however, the segment is expected to record a forecast-period CAGR of 1.5%. Growth will be driven by improvements in the UK’s economy, with IMF estimates expecting GDP to grow at a forecast-period CAGR of 2.2%. In addition, the expected implementation of Solvency II in January 2015 will result in stricter solvency and capital requirements, better risk management and higher profits.

SCOPE

This report provides a comprehensive analysis of the life insurance segment in the United Kingdom:
  • It provides historical values for the United Kingdom’s life insurance segment for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period
  • It offers a detailed analysis of the key sub-segments in the United Kingdom’s life insurance segment, along with forecasts until 2017
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
  • It analyses the various distribution channels for life insurance products in the United Kingdom
  • Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in the United Kingdom for the life insurance business
  • It provides a detailed analysis of the reinsurance segment in the United Kingdom and its growth prospects
  • It profiles the top life insurance companies in the United Kingdom, and outlines the key regulations affecting them
REASONS TO BUY
  • Make strategic business decisions using historic and forecast market data related to the UK life insurance segment and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the UK life insurance segment
  • Assess the competitive dynamics in the life insurance segment, along with the reinsurance segment
  • Identify the growth opportunities and dynamics within key product categories
  • Gain insights into key regulations governing the UK insurance industry and its impact on companies and the market's future
KEY HIGHLIGHTS
  • Life insurance was the largest segment in the UK insurance industry in 2012, accounting for 70.4% of total industry premiums.
  • The segment’s value declined at a review-period CAGR of 3.9%, however, the segment is expected to record a forecast-period CAGR of 1.5%.
  • The RDR was implemented by the Financial Conduct Authority (FCA) and includes measures designed to implement professional standards for insurance advisers, as well as regulate both commissions earned, and fees paid by, financial professionals.
  • Life insurance products are predominantly distributed through brokers, with this channel accounting for 66.2% of the segment’s new business written premiums in 2012.
1 EXECUTIVE SUMMARY

2 INTRODUCTION

2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 REGIONAL MARKET DYNAMICS

3.1 Overview
  3.1.1 Market trends
  3.1.2 Market size

4 LIFE INSURANCE SEGMENT

4.1 Scale and Penetration
  4.1.1 Total gross written premium
  4.1.2 Premium per capita
  4.1.3 Life insurance penetration (as a percentage of GDP)
4.2 Growth
  4.2.1 Gross written premium
  4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
  4.3.1 Loss ratio
  4.3.2 Combined ratio
  4.3.3 Incurred losses per capita
  4.3.4 Incurred losses as a percentage of GDP
4.4 Distribution Channels
  4.4.1 Direct marketing
  4.4.2 Bancassurance
  4.4.3 Agencies

5 THE UK INSURANCE INDUSTRY ATTRACTIVENESS

5.1 Insurance Industry Size, 2008–2017
5.2 Key Industry Trends and Drivers

6 LIFE INSURANCE OUTLOOK

6.1 Life Insurance Growth Prospects by Category
  6.1.1 Individual life
  6.1.2 Individual general annuity
  6.1.3 Individual pension
  6.1.4 Individual marriage and birth insurance
  6.1.5 Individual unit-linked insurance
  6.1.6 Individual others
  6.1.7 Group life insurance
  6.1.8 Group superannuation
6.2 Life Insurance Growth Prospects by Product Type
  6.2.1 Individual single-premium policies
  6.2.2 Individual non-single-premium policies
  6.2.3 Group single-premium policies
  6.2.4 Group non-single-premium policies

7 ANALYSIS BY DISTRIBUTION CHANNEL

7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 E-commerce
7.5 Brokers

8 PORTER’S FIVE FORCES ANALYSIS – UK LIFE INSURANCE

8.1 Bargaining Power of Supplier: Low to Medium
8.2 Bargaining Power of Buyer: Medium to High
8.3 Barriers to Entry: Medium
8.4 Intensity of Rivalry: High
8.5 Threat of Substitutes: Medium

9 REINSURANCE GROWTH DYNAMICS AND CHALLENGES

9.1 Reinsurance Segment Size, 2008–2017
9.2 Reinsurance Segment Size by Insurance Segment, 2008–2017

10 GOVERNANCE, RISK AND COMPLIANCE

10.1 Legislation Overview and Historical Evolution
10.2 Legislation Trends by Type of Insurance
  10.2.1 Life insurance regulatory trends
  10.2.2 Property insurance regulatory trends
  10.2.3 Motor insurance regulatory trends
  10.2.4 Marine, aviation and transit insurance regulatory trends
  10.2.5 Personal accident and health insurance regulatory trends
10.3 Compulsory Insurance
  10.3.1 Employer’s liability insurance
  10.3.2 Motor third-party liability insurance
  10.3.3 Merchant shipping compulsory insurance
  10.3.4 National Insurance Scheme
10.4 Supervision and Control
  10.4.1 International Association of Insurance Supervisors
  10.4.2 European Insurance and Occupational Pensions Authority
  10.4.3 Prudential Regulation Authority
  10.4.4 Financial Conduct Authority
10.5 Non-Admitted Insurance Regulatory Trends
  10.5.1 Overview
  10.5.2 Intermediaries
  10.5.3 Market practices
  10.5.4 Fines and penalties
10.6 Company Registration and Operations
  10.6.1 Types of insurance organization
  10.6.2 Establishing a local company
  10.6.3 Foreign ownership
  10.6.4 Types of license
  10.6.5 Capital requirements
  10.6.6 Solvency margins
  10.6.7 Reserve requirements
  10.6.8 Investment regulations
  10.6.9 Statutory return requirements
  10.6.10 Fee structure
10.7 Taxation
  10.7.1 Insurance premium or policy taxation
  10.7.2 Withholding taxes on premium paid overseas
  10.7.3 Corporate tax
  10.7.4 VAT
  10.7.5 Captives
10.8 Legal System
  10.8.1 Introduction
  10.8.2 Access to court
  10.8.3 Alternative dispute resolution (ADR)

11 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS

11.1 Overview
11.2 Leading Companies in the Segment
11.3 Comparison of Four Leading Life Insurers
  11.3.1 Gross written premium
  11.3.2 Net earned premium
  11.3.3 Paid claims
11.4 Aviva Life Plc – Company Overview
  11.4.1 Aviva Life Plc – key facts
  11.4.2 Aviva Life Plc – key financials
11.5 Standard Life Plc – Company Overview
  11.5.1 Standard Life Plc – key facts
  11.5.2 Standard Life Plc – key financials
11.6 Lloyds Banking Group Plc – Company Overview
  11.6.1 Lloyds Banking Group Plc – key facts
  11.6.2 Lloyds Banking Group Plc – key financials
11.7 Legal & General Group Plc – Company Overview
  11.7.1 Legal & General Group Plc – key facts
  11.7.2 Legal & General Group Plc – key financials
11.8 Aegon UK Plc – Company Overview
  11.8.1 Aegon UK Plc – key facts
  11.8.2 Aegon UK Plc – key financials
11.9 Prudential Plc – Company Overview
  11.9.1 Prudential Plc – key facts
  11.9.2 Prudential Plc – key financials
11.1 Friends Life Group Plc – Company Overview
  11.10.1 Friends Life Group Plc – key facts
11.11 Zurich Insurance Co. (UK) Ltd – Company Overview
  11.11.1 Zurich Insurance Co. (UK) Ltd – key facts
  11.11.2 Zurich Insurance Co. (UK) Ltd – key financials
11.12 The Royal London Mutual Insurance Society Limited – Company Overview
  11.12.1 The Royal London Mutual Insurance Society Limited – key facts
  11.12.2 The Royal London Mutual Insurance Society Limited – key financials
11.13 Old Mutual Plc – Company Overview
  11.13.1 Old Mutual Plc – key facts
  11.13.2 Old Mutual Plc – key financials

12 BUSINESS ENVIRONMENT AND COUNTRY RISK

12.1 Business Confidence
  12.1.1 Market capitalization trend – London Stock Exchange, The UK
12.2 Economic Performance
  12.2.1 GDP at constant prices (US$)
  12.2.2 GDP per capita at constant prices (US dollar)
  12.2.3 GDP at current prices (US dollar)
  12.2.4 GDP per capita at current prices (US dollar)
  12.2.5 GDP by key segments
  12.2.6 Agriculture, hunting, forestry and fishing net output at current prices (EUR)
  12.2.7 Agriculture, hunting, forestry and fishing net output at current prices (US dollar)
  12.2.8 Agriculture, hunting, forestry and fishing net output as a percentage of GDP
  12.2.9 Manufacturing net output at current prices (EUR)
  12.2.10 Manufacturing net output at current prices (US$)
  12.2.11 Manufacturing net output at current prices as a percentage of GDP
  12.2.12 Mining, manufacturing and utilities net output at current prices (EUR)
  12.2.13 Mining, manufacturing and utilities net output at current prices (US$)
  12.2.14 Mining, manufacturing and utilities at current prices, as percentage of GDP
  12.2.15 Construction net output at current prices (EUR)
  12.2.16 Construction net output at current prices (US$)
  12.2.17 Construction net output at current prices as a percentage of GDP
  12.2.18 Inflation rate
  12.2.19 Exports as a percentage of GDP
  12.2.20 Imports as a percentage of GDP
  12.2.21 Exports growth
  12.2.22 Imports growth
  12.2.23 Annual average exchange rate GBP–US$
12.3 Infrastructure Quality and Availability
  12.3.1 Commercial vehicles exports total value
  12.3.2 Commercial vehicles imports total value
  12.3.3 Automotive exports total value
  12.3.4 Automotive imports total value
  12.3.5 Total internet subscribers
12.4 Labor Force
  12.4.1 Labor force
  12.4.2 Unemployment rate
12.5 Demographics
  12.5.1 Gross national disposable income (US$)
  12.5.2 Total population
  12.5.3 Urban and rural population
  12.5.4 Median age of population
  12.5.5 Age distribution of the total population

13 APPENDIX

13.1 Methodology
13.2 Contact Timetric
13.3 About Timetric
13.4 Timetric’s Services
13.5 Disclaimer

LIST OF TABLES

Table 1: Insurance Industry Definitions
Table 2: UK Insurance – Overall Written Premium by Segment (GBP Billion), 2008–2012
Table 3: UK Insurance – Overall Written Premium by Segment (US$ Billion), 2008–2012
Table 4: UK Insurance – Overall Written Premium by Segment (GBP Billion), 2012–2017
Table 5: UK Insurance – Overall Written Premium by Segment (US$ Billion), 2012–2017
Table 6: UK Insurance – Segmentation (Percentage Share), 2008–2017
Table 7: UK Life Insurance – Written Premium by Category (GBP Billion), 2008–2012
Table 8: UK Life Insurance – Written Premium by Category (US$ Billion), 2008–2012
Table 9: UK Life Insurance – Written Premium by Category (GBP Billion), 2012–2017
Table 10: UK Life Insurance – Written Premium by Category (US$ Billion), 2012–2017
Table 11: UK Life Insurance – Earned Premium (GBP Billion), 2008–2012
Table 12: UK Life Insurance – Earned Premium (GBP Billion), 2012–2017
Table 13: UK Life Insurance – Sum Assured (GBP Billion), 2008–2012
Table 14: UK Life Insurance – Sum Assured (GBP Billion), 2012–2017
Table 15: UK Life Insurance – Paid Claims (GBP Billion), 2008–2012
Table 16: UK Life Insurance – Paid Claims (GBP Billion), 2012–2017
Table 17: UK Life Insurance – Incurred Loss (GBP Billion), 2008–2012
Table 18: UK Life Insurance – Incurred Loss (GBP Billion), 2012–2017
Table 19: UK Life Insurance – Loss Ratio (%), 2008–2012
Table 20: UK Life Insurance – Loss Ratio (%), 2012–2017
Table 21: UK Life Insurance – Commissions and Expenses (GBP Billion), 2008–2012
Table 22: UK Life Insurance – Commissions and Expenses (GBP Billion), 2012–2017
Table 23: UK Life Insurance – Combined Ratio (%), 2008–2012
Table 24: UK Life Insurance – Combined Ratio (%), 2012–2017
Table 25: UK Life Insurance – Frauds and Crimes (GBP Billion), 2008–2012
Table 26: UK Life Insurance – Frauds and Crimes (GBP Billion), 2012–2017
Table 27: UK Life Insurance – Total Assets (GBP Billion), 2008–2012
Table 28: UK Life Insurance – Total Assets (GBP Billion), 2012–2017
Table 29: UK Life Insurance – Total Investment Income (GBP Billion), 2008–2012
Table 30: UK Life Insurance – Total Investment Income (GBP Billion), 2012–2017
Table 31: UK Life Insurance – Retentions (GBP Billion), 2008–2012
Table 32: UK Life Insurance – Retentions (GBP Billion), 2012–2017
Table 33: UK Individual Life Insurance – Number of Active Policies (Thousand), 2008–2012
Table 34: UK Individual Life Insurance – Number of Active Policies (Thousand), 2012–2017
Table 35: UK Individual Life Insurance – Written Premium (GBP Billion), 2008–2012
Table 36: UK Individual Life Insurance – Written Premium (GBP Billion), 2012–2017
Table 37: UK Individual General Annuity – Number of Active Policies (Thousand), 2008–2012
Table 38: UK Individual General Annuity – Number of Active Policies (Thousand), 2012–2017
Table 39: UK Individual General Annuity – Written Premium (GBP Billion), 2008–2012
Table 40: UK Individual General Annuity – Written Premium (GBP Billion), 2012–2017
Table 41: UK Individual Pension – Number of Active Policies (Thousand), 2008–2012
Table 42: UK Individual Pension – Number of Active Policies (Thousand), 2012–2017
Table 43: UK Individual Pension – Written Premium (GBP Billion), 2008–2012
Table 44: UK Individual Pension – Written Premium (GBP Billion), 2012–2017
Table 45: UK Individual Marriage and Birth Insurance – Number of Active Policies (Thousand), 2008–2012
Table 46: UK Individual Marriage and Birth Insurance – Number of Active Policies (Thousand), 2012–2017
Table 47: UK Individual Marriage and Birth Insurance – Written Premium (GBP Billion), 2008–2012
Table 48: UK Individual Marriage and Birth Insurance – Written Premium (GBP Billion), 2012–2017
Table 49: UK Individual Unit-Linked Insurance – Number of Active Policies (Thousand), 2008–2012
Table 50: UK Individual Unit-Linked Insurance – Number of Active Policies (Thousand), 2012–2017
Table 51: UK Individual Unit-Linked Insurance – Written Premium (GBP Billion), 2008–2012
Table 52: UK Individual Unit-Linked Insurance – Written Premium (GBP Billion), 2012–2017
Table 53: UK Individual Others – Number of Active Policies (Thousand), 2008–2012
Table 54: UK Individual Others – Number of Active Policies (Thousand), 2012–2017
Table 55: UK Individual Others – Written Premium (GBP Billion), 2008–2012
Table 56: UK Individual Others – Written Premium (GBP Billion), 2012–2017
Table 57: UK Group Life Insurance – Number of Active Policies (Thousand), 2008–2012
Table 58: UK Group Life Insurance – Number of Active Policies (Thousand), 2012–2017
Table 59: UK Group Life Insurance – Written Premium (GBP Billion), 2008–2012
Table 60: UK Group Life Insurance – Written Premium (GBP Billion), 2012–2017
Table 61: UK Group Superannuation – Number of Active Policies (Thousand), 2008–2012
Table 62: UK Group Superannuation – Number of Active Policies (Thousand), 2012–2017
Table 63: UK Group Superannuation – Written Premium (GBP Billion), 2008–2012
Table 64: UK Group Superannuation – Written Premium (GBP Billion), 2012–2017
Table 65: UK Individual Single-Premium – Number of Active Policies (Thousand), 2008–2012
Table 66: UK Individual Single-Premium – Number of Active Policies (Thousand), 2012–2017
Table 67: UK Individual Single-Premium – Written Premium (GBP Billion), 2008–2012
Table 68: UK Individual Single-Premium – Written Premium (GBP Billion), 2012–2017
Table 69: UK Individual Non-Single-Premium – Number of Active Policies (Thousand), 2008–2012
Table 70: UK Individual Non-Single-Premium – Number of Active Policies (Thousand), 2012–2017
Table 71: UK Individual Non-Single-Premium – Written Premium (GBP Billion), 2008–2012
Table 72: UK Individual Non-Single-Premium – Written Premium (GBP Billion), 2012–2017
Table 73: UK Group Single-Premium – Number of Active Policies (Thousand), 2008–2012
Table 74: UK Group Single-Premium – Number of Active Policies (Thousand), 2012–2017
Table 75: UK Group Single-Premium – Written Premium (GBP Billion), 2008–2012
Table 76: UK Group Single-Premium – Written Premium (GBP Billion), 2012–2017
Table 77: UK Group Non-Single-Premium – Number of Active Policies (Thousand), 2008–2012
Table 78: UK Group Non-Single-Premium – Number of Active Policies (Thousand), 2012–2017
Table 79: UK Group Non-Single-Premium – Written Premium (GBP Billion), 2008–2012
Table 80: UK Group Non-Single-Premium – Written Premium (GBP Billion), 2012–2017
Table 81: UK Life Insurance – Direct Marketing Commission Paid (GBP Billion), 2008–2012
Table 82: UK Life Insurance – Direct Marketing Commission Paid (GBP Billion), 2012–2017
Table 83: UK Life Insurance – New Business Written Premium Through Direct Marketing (GBP Billion), 2008–2012
Table 84: UK Life Insurance – New Business Written Premium Through Direct Marketing (GBP Billion), 2012–2017
Table 85: UK Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2008–2012
Table 86: UK Life Insurance – New Policies Sold Through Direct Marketing (Thousand), 2012–2017
Table 87: UK Life Insurance – Number of Direct Marketing Distributors, 2008–2012
Table 88: UK Life Insurance – Number of Direct Marketing Distributors, 2012–2017
Table 89: UK Life Insurance – Bancassurance Commission Paid (GBP Billion), 2008–2012
Table 90: UK Life Insurance – Bancassurance Commission Paid (GBP Billion), 2012–2017
Table 91: UK Life Insurance – New Business Written Premium Through Bancassurance (GBP Billion), 2008–2012
Table 92: UK Life Insurance – New Business Written Premium Through Bancassurance (GBP Billion), 2012–2017
Table 93: UK Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2008–2012
Table 94: UK Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2012–2017
Table 95: UK Life Insurance – Number of Bancassurance Distributors, 2008–2012
Table 96: UK Life Insurance – Number of Bancassurance Distributors, 2012–2017
Table 97: UK Life Insurance – Commission Paid to Agencies (GBP Billion), 2008–2012
Table 98: UK Life Insurance – Commission Paid to Agencies (GBP Billion), 2012–2017
Table 99: UK Life Insurance – New Business Written Premium Through Agencies (GBP Billion), 2008–2012
Table 100: UK Life Insurance – New Business Written Premium Through Agencies (GBP Billion), 2012–2017
...

LIST OF FIGURES

Figure 1: Leading Global Insurance Markets – Economies and Populations, 2011
Figure 2: Leading Global Insurance Markets – Growth Trends in the Insurance Industry (%), 2007–2016
Figure 3: Leading Global Insurance Markets – Total Industry Values by Segment (US$ Billion), 2011
Figure 4: Leading Global Insurance Markets – Life Insurance – Gross Written Premiums (US$ Billion), 2007–2016
Figure 5: Leading Global Insurance Markets – Life Insurance – Premium Per Capita (US$), 2011
Figure 6: Leading Global Insurance Markets – Life Insurance – Penetration as a Percentage of GDP (%), 2011 and 2016
Figure 7: Leading Global Insurance Markets – Life Insurance – Gross Written Premium Growth (%), 2007–2016
Figure 8: Leading Global Insurance Markets – Life Insurance – Gross Written Premium Per Capita Growth (%), 2007–2016
Figure 9: Leading Global Insurance Markets – Life Insurance – Loss Ratio (%), 2011 and 2016
Figure 10: Leading Global Insurance Markets – Life Insurance – Combined Ratios (%), 2011 and 2016
Figure 11: Leading Global Insurance Markets – Life Insurance – Incurred Losses Per Capita (US$), 2011 and 2016
Figure 12: Leading Global Insurance Markets – Life Insurance Incurred Losses as a Percentage of GDP (%), 2011 and 2016
Figure 13: Leading Global Insurance Markets – Direct Marketing – Share of Life Insurance New Business Gross Written Premium (%), 2007–2016
Figure 14: Leading Global Insurance Markets – Bancassurance – Share of Life Insurance New Business Gross Written Premium (%), 2007–2016
Figure 15: Leading Global Insurance Markets – Agencies – Share of Life Insurance New Business Gross Written Premium (%), 2007–2016
Figure 16: UK Insurance – Overall Written Premium by Segment (GBP Billion), 2008–2017
Figure 17: UK Insurance – Dynamics by Segment (%), 2008–2017
Figure 18: UK Life Insurance – Written Premium by Category (GBP Billion), 2008–2017
Figure 19: UK Life Insurance – Written Premium by Category (% Share), 2012 and 2017
Figure 20: UK Life Insurance – Dynamics by Category (%_, 2008–2017
Figure 21: UK Life Insurance – Earned Premium (GBP Billion), 2008–2012
Figure 22: UK Life Insurance – Earned Premium (GBP Billion), 2012–2017
Figure 23: UK Life Insurance – Sum Assured (GBP Billion), 2008–2012
Figure 24: UK Life Insurance – Sum Assured (GBP Billion), 2012–2017
Figure 25: UK Life Insurance – Paid Claims (GBP Billion), 2008–2012
Figure 26: UK Life Insurance – Paid Claims (GBP Billion), 2012–2017
Figure 27: UK Life Insurance – Incurred Loss (GBP Billion), 2008–2012
Figure 28: UK Life Insurance – Incurred Loss (GBP Billion), 2012–2017
Figure 29: UK Life Insurance – Loss Ratio (%), 2008–2012
Figure 30: UK Life Insurance – Loss Ratio (%), 2012–2017
Figure 31: UK Life Insurance – Commissions and Expenses (GBP Billion), 2008–2012
Figure 32: UK Life Insurance – Commissions and Expenses (GBP Billion), 2012–2017
Figure 33: UK Life Insurance – Combined Ratio (%), 2008–2012
Figure 34: UK Life Insurance – Combined Ratio (%), 2012–2017
Figure 35: UK Life Insurance – Frauds and Crimes (GBP Billion), 2008–2012
Figure 36: UK Life Insurance – Frauds and Crimes (GBP Billion), 2012–2017
Figure 37: UK Life Insurance – Total Assets (GBP Billion), 2008–2012
Figure 38: UK Life Insurance – Total Assets (GBP Billion), 2012–2017
Figure 39: UK Life Insurance – Total Investment Income (GBP Billion), 2008–2012
Figure 40: UK Life Insurance – Total Investment Income (GBP Billion), 2012–2017
Figure 41: UK Life Insurance – Retentions (GBP Billion), 2008–2012
Figure 42: UK Life Insurance – Retentions (GBP Billion), 2012–2017
Figure 43: UK Life Insurance – Investments Portfolio (GBP Billion), 2008–2012
Figure 44: UK Life Insurance – Investments Portfolio (%), 2008 and 2012
Figure 45: UK Life Insurance – Penetration (%), 2008–2012
Figure 46: UK Life Insurance – Density (Number of Policies per Capita), 2008–2012
Figure 47: UK Life Insurance – Number of Active Policies (Million), 2008–2012
Figure 48: UK Life Insurance – Number of Active Policies (Million), 2012–2017
Figure 49: UK Life Insurance – Premium per Capita (GBP), 2008–2012
Figure 50: UK Individual Life Insurance – Number of Active Policies (Million), 2008–2012
Figure 51: UK Individual Life Insurance – Number of Active Policies (Million), 2012–2017
Figure 52: UK Individual Life Insurance – Written Premium (GBP Billion), 2008–2012
Figure 53: UK Individual Life Insurance – Written Premium (GBP Billion), 2012–2017
Figure 54: UK Individual General Annuity – Number of Active Policies (Million), 2008–2012
Figure 55: UK Individual General Annuity – Number of Active Policies (Million), 2012–2017
Figure 56: UK Individual General Annuity – Written Premium (GBP Billion), 2008–2012
Figure 57: UK Individual General Annuity – Written Premium (GBP Billion), 2012–2017
Figure 58: UK Individual Pension – Number of Active Policies (Million), 2008–2012
Figure 59: UK Individual Pension – Number of Active Policies (Million), 2012–2017
Figure 60: UK Individual Pension – Written Premium (GBP Billion), 2008–2012
Figure 61: UK Individual Pension – Written Premium (GBP Billion), 2012–2017
Figure 62: UK Individual Marriage and Birth Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 63: UK Individual Marriage and Birth Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 64: UK Individual Marriage and Birth Insurance – Written Premium (GBP Billion), 2008–2012
Figure 65: UK Individual Marriage and Birth Insurance – Written Premium (GBP Billion), 2012–2017
Figure 66: UK Individual Unit-Linked Insurance – Number of Active Policies (Million), 2008–2012
Figure 67: UK Individual Unit-Linked Insurance – Number of Active Policies (Million), 2012–2017
Figure 68: UK Individual Unit-Linked Insurance – Written Premium (GBP Billion), 2008–2012
Figure 69: UK Individual Unit-Linked Insurance – Written Premium (GBP Billion), 2012–2017
Figure 70: UK Individual Others – Number of Active Policies (Thousand), 2008–2012
Figure 71: UK Individual Others – Number of Active Policies (Thousand), 2012–2017
Figure 72: UK Individual Others – Written Premium (GBP Billion), 2008–2012
Figure 73: UK Individual Others – Written Premium (GBP Billion), 2012–2017
Figure 74: UK Group Life Insurance – Number of Active Policies (Thousand), 2008–2012
Figure 75: UK Group Life Insurance – Number of Active Policies (Thousand), 2012–2017
Figure 76: UK Group Life Insurance – Written Premium (GBP Billion), 2008–2012
Figure 77: UK Group Life Insurance – Written Premium (GBP Billion), 2012–2017
Figure 78: UK Group Superannuation – Number of Active Policies (Million), 2008–2012
Figure 79: UK Group Superannuation – Number of Active Policies (Thousand), 2012–2017
Figure 80: UK Group Superannuation – Written Premium (GBP Billion), 2008–2012
Figure 81: UK Group Superannuation – Written Premium (GBP Billion), 2012–2017
Figure 82: UK Individual Single-Premium – Number of Active Policies (Million), 2008–2012
Figure 83: UK Individual Single-Premium – Number of Active Policies (Million), 2012–2017
Figure 84: UK Individual Single-Premium – Written Premium (GBP Billion), 2008–2012
Figure 85: UK Individual Single-Premium – Written Premium (GBP Billion), 2012–2017
Figure 86: UK Individual Non-Single-Premium – Number of Active Policies (Million), 2008–2012
Figure 87: UK Individual Non-Single-Premium – Number of Active Policies (Million), 2012–2017
Figure 88: UK Individual Non-Single-Premium – Written Premium (GBP Billion), 2008–2012
Figure 89: UK Individual Non-Single-Premium – Written Premium (GBP Billion), 2012–2017
Figure 90: UK Group Single-Premium – Number of Active Policies (Thousand), 2008–2012
Figure 91: UK Group Single-Premium – Number of Active Policies (Thousand), 2012–2017
Figure 92: UK Group Single-Premium – Written Premium (GBP Billion), 2008–2012
Figure 93: UK Group Single-Premium – Written Premium (GBP Billion), 2012–2017
Figure 94: UK Group Non-Single-Premium – Number of Active Policies (Thousand), 2008–2012
Figure 95: UK Group Non-Single-Premium – Number of Active Policies (Thousand), 2012–2017
Figure 96: UK Group Non-Single-Premium – Written Premium (GBP Billion), 2008–2012
Figure 97: UK Group Non-Single-Premium – Written Premium (GBP Billion), 2012–2017
Figure 98: UK Life Insurance – New Business Written Premium by Distribution Channel (% Share), 2012 and 2017
Figure 99: UK Life Insurance – Direct Marketing Commission Paid (GBP Billion), 2008–2012
Figure 100: UK Life Insurance – Direct Marketing Commission Paid (GBP Billion), 2012–2017
...

COMPANIES MENTIONED

Aviva Life Plc
Standard Life Plc
Lloyds Banking Group
Legal & General
Aegon NV
Prudential
Friends Life
Zurich Financial Services
Royal London Mutual
Old Mutual Plc

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