Synopsis
The report provides in depth market analysis, information and insights into the UK life insurance market, including:
Executive Summary
The UK life insurance segment is the largest segment in the UK insurance industry, accounting for 68.1% of total industry premiums in 2011. It is also one of the largest life insurance segments in Europe in terms of gross written premium. During the review period (2007–2011), the impact of the global financial crisis and the European debt crisis resulted in a decline in consumer confidence. This decline then adversely affected long-term insurance products, something that played a key role in the overall decline of the UK life insurance segment during the review period. However, the complete implementation of Solvency II in 2013 is expected to result in market growth.
Scope
This report provides a comprehensive analysis of the life insurance market in the UK:
Reasons To Buy
Key Highlights
The report provides in depth market analysis, information and insights into the UK life insurance market, including:
- The UK life insurance market’s growth prospects by life insurance categories and customer segments
- The various distribution channels in the UK life insurance market
- The competitive landscape in the UK life insurance market
- A description of the life reinsurance market in the UK
Executive Summary
The UK life insurance segment is the largest segment in the UK insurance industry, accounting for 68.1% of total industry premiums in 2011. It is also one of the largest life insurance segments in Europe in terms of gross written premium. During the review period (2007–2011), the impact of the global financial crisis and the European debt crisis resulted in a decline in consumer confidence. This decline then adversely affected long-term insurance products, something that played a key role in the overall decline of the UK life insurance segment during the review period. However, the complete implementation of Solvency II in 2013 is expected to result in market growth.
Scope
This report provides a comprehensive analysis of the life insurance market in the UK:
- It provides historical values for the UK life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
- It offers a detailed analysis of the key sub-segments in the UK life insurance market, along with market forecasts until 2016
- 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 insurance products in the UK
- Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in UK for life insurance business
- It provides a detailed analysis of the reinsurance market in the UK and its growth prospects
- It profiles top life insurance companies in the UK, and outlines the key regulations affecting them
Reasons To Buy
- Make strategic business decisions using in depth historic and forecast market data related to the UK life insurance market and each sector within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the UK life insurance market
- Assess the competitive dynamics in the life insurance market, along with the reinsurance segment
- Identify the growth opportunities and market dynamics within key product categories
- Gain insights into key regulations governing the UK insurance market and its impact on companies and the market's future
Key Highlights
- The financial crisis of 2008-2009 severely affected sales of life insurance products, particularly unit-linked single premiums, causing a strong decline in overall premiums in the UK.
- During the review period, the profitability of life insurers operating in the UK was being affected by factors such as a decline in the demand for long-term savings products, competition from other types of investment or savings products, and changes in regulatory and legislative laws.
- New government initiatives and the launch of revised annuity initiatives alongside a compulsory code of conduct, to ensure the best possible retirement income to each and every individual, is expected to drive the UK life insurance segment over the forecast period.
- There are 309 insurance companies operating in the life insurance segment, out of which only 129 are authorized by FSA. The life insurance segment faced great pressure in terms of capital and solvency positions during the financial crisis, although some of these pressures have now eased and the economy is in recovery.
1 EXECUTIVE SUMMARY
2 INTRODUCTION
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 THE UK INSURANCE INDUSTRY ATTRACTIVENESS
3.1 Insurance Industry Market Size, 2007–2016
3.2 Key Industry Trends and Drivers
3.2.1 Business drivers
3.2.2 Consumer drivers
3.3 Recent Market Developments
4 LIFE INSURANCE SEGMENT OUTLOOK
4.1 Life Insurance Growth Prospects by Category
4.1.1 Individual life insurance category
4.1.2 Individual general annuity category
4.1.3 Individual pension category
4.1.4 Individual unit-linked sub-category
4.1.5 Individual term life insurance category
4.1.6 Individual others category
4.1.7 Group life category
4.1.8 Group superannuation insurance category
4.2 Life Insurance Growth Prospects by Consumer Segment
4.2.1 Individual consumer segment
4.2.2 Individual single premium category
4.2.3 Individual non-single premium category
4.2.4 Group consumer segment
4.2.5 Group single premium category
4.2.6 Group non-single premium category
5 ANALYSIS BY DISTRIBUTION CHANNEL
5.1 Direct marketing channel
5.2 Bancassurance channel
5.3 Agencies channel
5.4 Other channel
6 REGULATORY POLICIES
7 PORTER’S FIVE FORCES ANALYSIS – UK LIFE INSURANCE SEGMENT
7.1 Bargaining Power of Supplier: low to medium
7.2 Bargaining Power of Buyer: medium to high
7.3 Barriers to Entry: medium
7.4 Intensity of Rivalry: high
7.5 Threat of Substitutes: medium
8 REINSURANCE GROWTH DYNAMICS AND CHALLENGES
8.1 Reinsurance market size, 2007–2016
8.2 Reinsurance Market Size by Insurance Segment, 2007–2016
9 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS
9.1 Overview
9.2 Leading Companies in the UK Life Insurance Segment
9.3 Aviva Plc – Company Overview
9.3.1 Aviva Plc – key facts
9.3.2 Aviva Plc – main products
9.3.3 Aviva Plc – main competitors
9.3.4 Aviva Plc – key employees
9.4 Standard Life plc – Company Overview
9.4.1 Standard Life plc – key facts
9.4.2 Standard Life plc – main products
9.4.3 Standard Life plc – main competitors
9.4.4 Standard Life plc – key employees
9.5 Lloyds Banking Group plc – Company Overview
9.5.1 Lloyds Banking Group plc – key facts
9.5.2 Lloyds Banking Group plc – main products
9.5.3 Lloyds Banking Group plc – main competitors
9.5.4 Lloyds Banking Group plc – key employees
9.6 AEGON UK plc – Company Overview
9.6.1 AEGON UK plc – key facts
9.6.2 AEGON UK plc – main products
9.6.3 AEGON UK plc – main competitors
9.6.4 AEGON UK plc – key employees
9.7 Prudential plc – Company Overview
9.7.1 Prudential plc – key facts
9.7.2 Prudential plc – main products
9.7.3 Prudential plc – main competitors
9.7.4 Prudential plc – key employees
9.8 Legal & General Group Plc – Company Overview
9.8.1 Legal & General Group Plc – key facts
9.8.2 Legal & General Group Plc – main products
9.8.3 Legal & General Group Plc – main competitors
9.8.4 Legal & General Group Plc – key employees
9.9 Zurich Financial Services Ltd – Company Overview
9.9.1 Zurich Financial Services Ltd – key facts
9.9.2 Zurich Financial Services Ltd – main products
9.9.3 Zurich Financial Services Ltd – main competitors
9.9.4 Zurich Financial Services Ltd – key employees
9.1 Old Mutual plc – Company Overview
9.10.1 Old Mutual plc – key facts
9.10.2 Old Mutual plc – main products
9.10.3 Old Mutual plc – main competitors
9.10.4 Old Mutual plc – key employees
10 BUSINESS ENVIRONMENT AND COUNTRY RISK
10.1 Business Confidence
10.1.1 Business confidence indicator
10.1.2 Market capitalization trend – The London Stock Exchange, United Kingdom
10.2 Economic Performance
10.2.1 GDP at constant prices (US dollar)
10.2.2 GDP per capita at constant prices (US dollar)
10.2.3 GDP at current prices (US dollar)
10.2.4 GDP per capita at current prices (US dollar)
10.2.5 GDP by key segments
10.2.6 Agricultural net output at current prices (British pound)
10.2.7 Agricultural net output at current prices (US dollar)
10.2.8 Agricultural net output at current prices as a percentage of GDP
10.2.9 Manufacturing net output at current prices (British pound)
10.2.10 Manufacturing net output at current prices (US dollar)
10.2.11 Manufacturing net output at current prices as a percentage of GDP
10.2.12 Mining, manufacturing and utilities net output at current prices (British pound)
10.2.13 Mining, manufacturing and utilities at current prices (US dollar)
10.2.14 Mining, manufacturing and utilities at current prices, as a percentage of GDP
10.2.15 Construction net output at current prices (British pound)
10.2.16 Construction net output at current prices, (US dollar)
10.2.17 Construction net output at current prices as a percentage of GDP
10.2.18 Inflation rate
10.2.19 Current account balance as a percentage of GDP
10.2.20 Exports as a percentage of GDP
10.2.21 Imports as a percentage of GDP
10.2.22 Exports growth
10.2.23 Imports growth
10.2.24 Annual average exchange rate US$–GBP
10.2.25 End-of-period exchange rate US$–GBP
10.3 Infrastructure Quality and Availability
10.3.1 Total airports and sea ports
10.3.2 Railways and roadways
10.3.3 Passenger vehicle production volume
10.3.4 Commercial vehicle production volume
10.3.5 Automotive component exports trend
10.3.6 Automotive component imports trend
10.3.7 Passenger car penetration
10.3.8 Healthcare expenditure
10.3.9 Healthcare expenditure as a percentage of GDP
10.3.10 Healthcare expenditure per capita
10.3.11 Total internet subscribers
10.4 Labor Force
10.4.1 Labor force
10.4.2 Unemployment rate
10.5 Demographics
10.5.1 Annual disposable income
10.5.2 Annual per capita disposable income
10.5.3 Total population
10.5.4 Urban and rural population
10.5.5 Female percentage of population
10.5.6 Male percentage of population
10.5.7 Mean age of the population
10.5.8 Median age of population
10.5.9 Population density
10.5.10 Age distribution of the UK’s total population
10.5.11 Age distribution of the male population
10.5.12 Age distribution of the female population
10.5.13 Number of households
10.6 Political and Social Risk
10.6.1 Political stability
10.6.2 Terrorism index
10.6.3 Transparency index
11 APPENDIX
11.1 Methodology
11.2 Contact Us
11.3 About Timetric
11.4 Disclaimer
LIST OF TABLES
Table 1: Insurance Industry Definitions
Table 2: UK Insurance Overall Written Premium by Segment (GBP Billion), 2007–2011
Table 3: UK Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: UK Insurance Overall Written Premium by Segment (GBP Billion), 2011–2016
Table 5: UK Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: UK Insurance Segmentation (%), 2007–2016
Table 7: Life Insurance Written Premium by Category (GBP Billion), 2007–2011
Table 8: Life Insurance Written Premium by Category (US$ Billion), 2007–2011
Table 9: Life Insurance Written Premium by Category (GBP Billion), 2011–2016
Table 10: Life Insurance Written Premium by Category (US$ Billion), 2011–2016
Table 11: Life Insurance – Incurred Loss (GBP Billion), 2007–2011
Table 12: Life Insurance – Incurred Loss (GBP Billion), 2011–2016
Table 13: Life Insurance – Loss Ratio (%), 2007–2011
Table 14: Life Insurance – Loss Ratio (%), 2011–2016
Table 15: Life Insurance – Commissions and Expenses (GBP Billion), 2007–2011
Table 16: Life Insurance – Commissions and Expenses (GBP Billion), 2011–2016
Table 17: Life Insurance – Combined Ratio (%), 2007–2011
Table 18: Life Insurance – Combined Ratio (%), 2011–2016
Table 19: Life Insurance – Frauds and Crimes (GBP Billion), 2007–2011
Table 20: Life Insurance – Frauds and Crimes (GBP Billion), 2011–2016
Table 21: Life Insurance – Total Assets (GBP Billion), 2007–2011
Table 22: Life Insurance – Total Assets (GBP Billion), 2011–2016
Table 23: Life Insurance – Total Investment Income (GBP Billion), 2007–2011
Table 24: Life Insurance – Total Investment Income (GBP Billion), 2011–2016
Table 25: Life Insurance – Retentions (GBP Billion), 2007–2011
Table 26: Life Insurance – Retentions (GBP Billion), 2011–2016
Table 27: Individual Life Insurance Category by Volume (Thousand), 2007–2011
Table 28: Individual Life Insurance Category by Volume (Thousand), 2011–2016
Table 29: Individual Life Insurance Category by Written Premium (GBP Billion), 2007–2011
Table 30: Individual Life Insurance Category by Written Premium (GBP Billion), 2011–2016
Table 31: Individual General Annuity Insurance Category by Volume (Thousand), 2007–2011
Table 32: Individual General Annuity Insurance Category by Volume (Thousand), 2011–2016
Table 33: Individual General Annuity Insurance Category by Written Premium (GBP Billion), 2007–2011
Table 34: Individual General Annuity Insurance Category by Written Premium (GBP Billion), 2011–2016
Table 35: Individual Pension Insurance Category by Volume (Thousand), 2007–2011
Table 36: Individual Pension Insurance Category by Volume (Thousand), 2011–2016
Table 37: Individual Pension Insurance Category by Written Premium (GBP Billion), 2007–2011
Table 38: Individual Pension Insurance Category by Written Premium (GBP Billion), 2011–2016
Table 39: Individual Unit-linked Insurance Sub-Category by Volume (Thousand), 2007–2011
Table 40: Individual Unit-linked Insurance Sub-Category by Volume (Thousand), 2011–2016
Table 41: Individual Unit-linked Insurance Sub-Category by Written Premium (GBP Billion), 2007–2011
Table 42: Individual Unit-linked Insurance Sub-Category by Written Premium (GBP Billion), 2011–2016
Table 43: Individual Term Life Insurance Category by Volume (Thousand), 2007–2011
Table 44: Individual Term Life Insurance Category by Volume (Thousand), 2011–2016
Table 45: Individual Term Life Insurance Category by Written Premium (GBP Billion), 2007–2011
Table 46: Individual Term Life Insurance Category by Written Premium (GBP Billion), 2011–2016
Table 47: Individual Others Category by Volume (Thousand), 2007–2011
Table 48: Individual Others Category by Volume (Thousand), 2011–2016
Table 49: Individual-Others Category by Written Premium (GBP Billion), 2007–2011
Table 50: Individual-Others Category by Written Premium (GBP Billion), 2011–2016
Table 51: Group life Insurance Category by Volume (Thousand), 2007–2011
Table 52: Group life Insurance Category by Volume (Thousand), 2011–2016
Table 53: Group life Insurance Category by Written Premium (GBP Billion), 2007–2011
Table 54: Group Life Insurance Category by Written Premium (GBP Billion), 2011–2016
Table 55: Group Superannuation Category by Volume (Thousand), 2007–2011
Table 56: Group Superannuation Category by Volume (Thousand), 2011–2016
Table 57: Group Superannuation Category by Written Premium (GBP Billion), 2007–2011
Table 58: Group Superannuation Category by Written Premium (GBP Billion), 2011–2016
Table 59: Individual Single Premium Category by Volume (Thousand), 2007–2011
Table 60: Individual Single Premium Category by Volume (Thousand), 2011–2016
Table 61: Individual Single Premium Category by Written Premium (GBP Billion), 2007–2011
Table 62: Individual Single Premium Category by Written Premium (GBP Billion), 2011–2016
Table 63: Individual Non-Single Premium Category by Volume (Thousand), 2007–2011
Table 64: Individual Non-Single Premium Category by Volume (Thousand), 2011–2016
Table 65: Individual Non-Single Premium Category by Written Premium (GBP Billion), 2007–2011
Table 66: Individual Non-Single Premium Category by Written Premium (GBP Billion), 2011–2016
Table 67: Group Single Premium Category by Volume (Thousand), 2007–2011
Table 68: Group Single Premium Category by Volume (Thousand), 2011–2016
Table 69: Group Single Premium Category by Written Premium (GBP Billion), 2007–2011
Table 70: Group Single Premium Category by Written Premium (GBP Billion), 2011–2016
Table 71: Group Non-Single Premium Category by Volume (Thousand), 2007–2011
Table 72: Group Non-Single Premium Category by Volume (Thousand), 2011–2016
Table 73: Group Non-Single Premium Category by Written Premium (GBP Billion), 2007–2011
Table 74: Group Non-Single Premium Category by Written Premium (GBP Billion), 2011–2016
Table 75: Life Insurance – Direct Marketing Commission Paid (GBP Billion), 2007–2011
Table 76: Life Insurance – Direct Marketing Commission Paid (GBP Billion), 2011–2016
Table 77: Life Insurance – Written Premium Through Direct Marketing (GBP Billion), 2007–2011
Table 78: Life Insurance – Written Premium Through Direct Marketing (GBP Billion), 2011–2016
Table 79: Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2007–2011
Table 80: Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2011–2016
Table 81: Life Insurance – Number of Direct Marketing Distributors, 2007–2011
Table 82: Life Insurance – Number of Direct Marketing Distributors, 2011–2016
Table 83: Life Insurance – Bancassurance Commission Paid (GBP Billion), 2007–2011
Table 84: Life Insurance – Bancassurance Commission Paid (GBP Billion), 2011–2016
Table 85: Life Insurance – Written Premium Through Bancassurance (GBP Billion), 2007–2011
Table 86: Life Insurance – Written Premium Through Bancassurance (GBP Billion), 2011–2016
Table 87: Life Insurance – Policies Sold Through Bancassurance (Thousand), 2007–2011
Table 88: Life Insurance – Policies Sold Through Bancassurance (Thousand), 2011–2016
Table 89: Life Insurance – Number of Bancassurance Distributors, 2007–2011
Table 90: Life Insurance – Number of Bancassurance Distributors, 2011–2016
Table 91: Life Insurance – Commission Paid to Agencies (GBP Billion), 2007–2011
Table 92: Life Insurance – Commission Paid to Agencies (GBP Billion), 2011–2016
Table 93: Life Insurance – Written Premium Through Agencies (GBP Billion), 2007–2011
Table 94: Life Insurance – Written Premium Through Agencies (GBP Billion), 2011–2016
Table 95: Life Insurance – Policies Sold Through Agencies (Thousand), 2007–2011
Table 96: Life Insurance – Policies Sold Through Agencies (Thousand), 2011–2016
Table 97: Life Insurance – Number of Agencies, 2007–2011
Table 98: Life Insurance – Number of Agencies, 2011–2016
Table 99: Life Insurance – Commission Paid to Other Channels (GBP Billion), 2007–2011
Table 100: Life Insurance – Commission Paid to Other Channels (GBP Billion), 2011–2016
Table 101: Life Insurance – Written Premium Through Other Channels (GBP Billion), 2007–2011
Table 102: Life Insurance – Written Premium Through Other Channels (GBP Billion), 2011–2016
Table 103: Life Insurance – Policies Sold Through Other Channels (Thousand), 2007–2011
Table 104: Life Insurance – Policies Sold Through Other Channels (Thousand), 2011–2016
Table 105: Life Insurance – Number of Distributors in Other Channels, 2007–2011
Table 106: Life Insurance – Number of Distributors in Other Channels, 2011–2016
Table 107: UK Reinsurance by Category (GBP Billion), 2007–2011
Table 108: UK Reinsurance by Category (US$ Billion), 2007–2011
Table 109: UK Reinsurance by Category (GBP Billion), 2011–2016
Table 110: UK Reinsurance by Category (US$ Billion), 2011–2016
Table 111: Reinsurance Ceded by Insurance Segment (GBP Billion), 2007–2011
Table 112: Reinsurance Ceded by Insurance Segment (US$ Billion), 2007–2011
Table 113: Reinsurance Ceded by Insurance Segment (GBP Billion), 2011–2016
Table 114: Reinsurance Ceded by Insurance Segment (US$ Billion), 2011–2016
Table 115: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 116: Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Table 117: Life Insurance Segment Share (%), 2010
Table 118: Aviva Plc, Key Facts
Table 119: Aviva Plc, Main Products
Table 120: Aviva Plc, Key Employees
Table 121: Standard Life plc, Key Facts
Table 122: Standard Life plc, Main Products
Table 123: Standard Life plc, Key Employees
Table 124: Lloyds Banking Group plc, Key Facts
Table 125: Lloyds Banking Group plc, Main Products
Table 126: Lloyds Banking Group plc, Key Employees
Table 127: AEGON UK plc, Key Facts
Table 128: AEGON UK plc, Main Products
Table 129: AEGON UK plc, Key Employees
Table 130: Prudential plc, Key Facts
Table 131: Prudential plc, Main Products
Table 132: Prudential plc, Key Employees
Table 133: Legal & General Group Plc, Key Facts
Table 134: Legal & General Group Plc, Main Products
Table 135: Legal & General Group Plc, Key Employees
Table 136: Zurich Financial Services Ltd, Key Facts
Table 137: Zurich Financial Services Ltd, Main Products
Table 138: Zurich Financial Services Ltd, Key Employees
Table 139: Old Mutual plc, Key Facts
Table 140: Old Mutual plc, Main Products
Table 141: Old Mutual plc, Key Employees
LIST OF FIGURES
Figure 1: UK Insurance Overall Written Premium by Segment (GBP Billion), 2007–2016
Figure 2: UK Insurance Dynamics by Segment, 2007–2016
Figure 3: Life Insurance Written Premium by Category (GBP Billion), 2007–2016
Figure 4: Life Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 5: Life Insurance Dynamics by Category, 2007–2016
Figure 6: Life Insurance – Incurred Loss (GBP Billion), 2007–2011
Figure 7: Life Insurance – Incurred Loss (GBP Billion), 2011–2016
Figure 8: Life Insurance – Loss Ratio (%), 2007–2011
Figure 9: Life Insurance – Loss Ratio (%), 2011–2016
Figure 10: Life Insurance – Commissions and Expenses (GBP Billion), 2007–2011
Figure 11: Life Insurance – Commissions and Expenses (GBP Billion), 2011–2016
Figure 12: Life Insurance – Combined Ratio (%), 2007–2011
Figure 13: Life Insurance – Combined Ratio (%), 2011–2016
Figure 14: Life Insurance – Frauds and Crimes (GBP Billion), 2007–2011
Figure 15: Life Insurance – Frauds and Crimes (GBP Billion), 2011–2016
Figure 16: Life Insurance – Total Assets (GBP Billion), 2007–2011
Figure 17: Life Insurance – Total Assets (GBP Billion), 2011–2016
Figure 18: Life Insurance – Total Investment Income (GBP Billion), 2007–2011
Figure 19: Life Insurance – Total Investment Income (GBP Billion), 2011–2016
Figure 20: Life Insurance – Retentions (GBP Billion), 2007–2011
Figure 21: Life Insurance – Retentions (GBP Billion), 2011–2016
Figure 22: Life Insurance – Investment Type (GBP Billion), 2007–2011
Figure 23: Life Insurance – Investment Type (% Share), 2007 and 2011
Figure 24: Life Insurance – Density and Penetration (%), 2007–2011
Figure 25: Life Insurance – Number of Policies Sold (Thousand), 2007–2011
Figure 26: Life Insurance – Number of Policies Sold (Thousand), 2011–2016
Figure 27: Life Insurance – Premium Per-capita (GBP), 2007–2011
Figure 28: Individual Life Insurance Category by Volume (Thousand), 2007–2011
Figure 29: Individual Life Insurance Category by Volume (Thousand), 2011–2016
Figure 30: Individual Life Insurance Category by Written Premium (GBP Billion), 2007–2011
Figure 31: Individual Life Insurance Category by Written Premium (GBP Billion), 2011–2016
Figure 32: Individual General Annuity Insurance Category by Volume (Thousand), 2007–2011
Figure 33: Individual General Annuity Insurance Category by Volume (Thousand), 2011–2016
Figure 34: Individual General Annuity Insurance Category by Written Premium (GBP Billion), 2007–2011
Figure 35: Individual General Annuity Insurance Category by Written Premium (GBP Billion), 2011–2016
Figure 36: Individual Pension Insurance Category by Volume (Thousand), 2007–2011
Figure 37: Individual Pension Insurance Category by Volume (Thousand), 2011–2016
Figure 38: Individual Pension Insurance Category by Written Premium (GBP Billion), 2007–2011
Figure 39: Individual Pension Insurance Category by Written Premium (GBP Billion), 2011–2016
Figure 40: Individual Unit-linked Insurance Sub-Category by Volume (Thousand), 2007–2011
Figure 41: Individual Unit-linked Insurance Sub-Category by Volume (Thousand), 2011–2016
Figure 42: Individual Unit-linked Insurance Sub-Category by Written Premium (GBP Billion), 2007–2011
Figure 43: Individual Unit-linked Insurance Sub-Category by Written Premium (GBP Billion), 2011–2016
Figure 44: Individual Term Life Insurance Category by Volume (Thousand), 2007–2011
Figure 45: Individual Term Life Insurance Category by Volume (Thousand), 2011–2016
Figure 46: Individual Term Life Insurance Category by Written Premium (GBP Billion), 2007–2011
Figure 47: Individual Term Life Insurance Category by Written Premium (GBP Billion), 2011–2016
Figure 48: Individual Others Category by Volume (Thousand), 2007–2011
Figure 49: Individual Others Category by Volume (Thousand), 2011–2016
Figure 50: Individual-Others Category by Written Premium (GBP Billion), 2007–2011
Figure 51: Individual-Others Category by Written Premium (GBP Billion), 2011–2016
Figure 52: Group life Insurance Category by Volume (Thousand), 2007–2011
Figure 53: Group life Insurance Category by Volume (Thousand), 2011–2016
Figure 54: Group life Insurance Category by Written Premium (GBP Billion), 2007–2011
Figure 55: Group Life Insurance Category by Written Premium (GBP Billion), 2011–2016
Figure 56: Group Superannuation Category by Volume (Thousand), 2007–2011
Figure 57: Group Superannuation Category by Volume (Thousand), 2011–2016
Figure 58: Group Superannuation Category by Written Premium (GBP Billion), 2007–2011
Figure 59: Group Superannuation Category by Written Premium (GBP Billion), 2011–2016
Figure 60: Individual Single Premium Category by Volume (Thousand), 2007–2011
Figure 61: Individual Single Premium Category by Volume (Thousand), 2011–2016
Figure 62: Individual Single Premium Category by Written Premium (GBP Billion), 2007–2011
Figure 63: Individual Single Premium Category by Written Premium (GBP Billion), 2011–2016
Figure 64: Individual Non-Single Premium Category by Volume (Thousand), 2007–2011
Figure 65: Individual Non-Single Premium Category by Volume (Thousand), 2011–2016
Figure 66: Individual Non-Single Premium Category by Written Premium (GBP Billion), 2007–2011
Figure 67: Individual Non-Single Premium Category by Written Premium (GBP Billion), 2011–2016
Figure 68: Group Single Premium Category by Volume (Thousand), 2007–2011
Figure 69: Group Single Premium Category by Volume (Thousand), 2011–2016
Figure 70: Group Single Premium Category by Written Premium (GBP Billion), 2007–2011
Figure 71: Group Single Premium Category by Written Premium (GBP Billion), 2011–2016
Figure 72: Group Non-Single Premium Category by Volume (Thousand), 2007–2011
Figure 73: Group Non-Single Premium Category by Volume (Thousand), 2011–2016
Figure 74: Group Non-Single Premium Category by Written Premium (GBP Billion), 2007–2011
Figure 75: Group Non-Single Premium Category by Written Premium (GBP Billion), 2011–2016
Figure 76: Life Insurance New Business Written Premium by Distribution Channel (% Share) 2011 and 2016
Figure 77: Life Insurance – Direct Marketing Commission Paid (GBP Billion), 2007–2011
Figure 78: Life Insurance – Direct Marketing Commission Paid (GBP Billion), 2011–2016
Figure 79: Life Insurance – Written Premium Through Direct Marketing (GBP Billion), 2007–2011
Figure 80: Life Insurance – Written Premium Through Direct Marketing (GBP Billion), 2011–2016
Figure 81: Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2007–2011
Figure 82: Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2011–2016
Figure 83: Life Insurance – Number of Direct Marketing Distributors, 2007–2011
Figure 84: Life Insurance – Number of Direct Marketing Distributors, 2011–2016
Figure 85: Life Insurance – Bancassurance Commission Paid (GBP Billion), 2007–2011
Figure 86: Life Insurance – Bancassurance Commission Paid (GBP Billion), 2011–2016
Figure 87: Life Insurance – Written Premium Through Bancassurance (GBP Billion), 2007–2011
Figure 88: Life Insurance – Written Premium Through Bancassurance (GBP Billion), 2011–2016
Figure 89: Life Insurance – Policies Sold Through Bancassurance (Thousand), 2007–2011
Figure 90: Life Insurance – Policies Sold Through Bancassurance (Thousand), 2011–2016
Figure 91: Life Insurance – Number of Bancassurance Distributors, 2007–2011
Figure 92: Life Insurance – Number of Bancassurance Distributors, 2011–2016
Figure 93: Life Insurance – Commission Paid to Agencies (GBP Billion), 2007–2011
Figure 94: Life Insurance – Commission Paid to Agencies (GBP Billion), 2011–2016
Figure 95: Life Insurance – Written Premium Through Agencies (GBP Billion), 2007–2011
Figure 96: Life Insurance – Written Premium Through Agencies (GBP Billion), 2011–2016
Figure 97: Life Insurance – Policies Sold Through Agencies (Thousand), 2007–2011
Figure 98: Life Insurance – Policies Sold Through Agencies (Thousand), 2011–2016
Figure 99: Life Insurance – Number of Agencies, 2007–2011
Figure 100: Life Insurance – Number of Agencies, 2011–2016
Figure 101: Life Insurance – Commission Paid to Other Channels (GBP Billion), 2007–2011
Figure 102: Life Insurance – Commission Paid to Other Channels (GBP Billion), 2011–2016
Figure 103: Life Insurance – Written Premium Through Other Channels (GBP Billion), 2007–2011
Figure 104: Life Insurance – Written Premium Through Other Channels (GBP Billion), 2011–2016
Figure 105: Life Insurance – Policies Sold Through Other Channels (Thousand), 2007–2011
Figure 106: Life Insurance – Policies Sold Through Other Channels (Thousand), 2011–2016
Figure 107: Life Insurance – Number of Distributors in Other Channels, 2007–2011
Figure 108: Life Insurance – Number of Distributors in Other Channels, 2011–2016
Figure 109: UK Life Insurance Segment – Five Forces Analysis
Figure 110: Premium Ceded to Reinsurance by Category (GBP Billion), 2007–2016
Figure 111: Reinsurance Premium Share by Category, 2011 and 2016
Figure 112: Reinsurance Market Dynamics by Category, 2007–2016
Figure 113: Reinsurance Ceded by Insurance Segment (GBP Billion), 2007–2016
Figure 114: Reinsurance Market Dynamics by Insurance Segment, 2007–2016
Figure 115: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 116: Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 117: Life Insurance Market Share (%), 2010
Figure 118: United Kingdom Business Confidence Indicator, Q12008–Q42011
Figure 119: The London Stock Exchange Market Capitalization (US$ Billion), 2007–2011
Figure 120: United Kingdom GDP at Constant Prices (US$ Billion), 2007–2011
Figure 121: United Kingdom GDP Per Capita at Constant Prices (US$), 2007–2011
Figure 122: United Kingdom GDP at Current Prices (US$ Billion), 2007–2011
Figure 123: United Kingdom GDP Per Capita at Current Prices (US$), 2007–2011
Figure 124: United Kingdom GDP by Key Segments (%) 2007 and 2011
Figure 125: United Kingdom Agricultural Net Output at Current Prices (GBP Billion), 2007–2011
Figure 126: United Kingdom Agricultural Net Output at Current Prices (US$ Billion), 2007–2011
Figure 127: United Kingdom Agricultural Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 128: United Kingdom Manufacturing Net Output at Current Prices (GBP Billion), 2007–2011
Figure 129: United Kingdom Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011
Figure 130: United Kingdom Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 131: United Kingdom Mining, Manufacturing and Utilities Net Output at Current Prices (GBP Billion), 2007–2011
Figure 132: United Kingdom Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2011
Figure 133: United Kingdom Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 134: United Kingdom Construction Net Output at Current Prices (GBP Billion), 2007–2011
Figure 135: United Kingdom Construction Net Output at Current Prices (US$ Billion), 2007– 2011
Figure 136: United Kingdom Construction Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 137: United Kingdom Inflation Rate (%), 2007–2011
Figure 138: United Kingdom Current Account Balance as a Percentage of GDP(%), 2007–2011
Figure 139: United Kingdom Exports as a Percentage of GDP (%), 2007–2011
Figure 140: United Kingdom Imports as a Percentage of GDP (%), 2007–2011
Figure 141: United Kingdom Exports Growth (%), 2007–2011
Figure 142: United Kingdom Imports Growth (%), 2007–2011
Figure 143: United Kingdom Annual Average Exchange Rate US$–GBP, 2007–2011
Figure 144: United Kingdom End-of-Period Exchange Rate US$–GBP, 2007–2011
Figure 145: United Kingdom Airports and Sea Ports (Number), 2011
Figure 146: United Kingdom Railways and Roadways (Kilometers), 2011
Figure 147: United Kingdom Passenger Vehicle Production, 2007–2011
Figure 148: United Kingdom Commercial Vehicle Production, 2007–2011
Figure 149: United Kingdom Automotive Component Exports (US$ Billion), 2007–2011
Figure 150: United Kingdom Automotive Component Imports (US$ Billion), 2007–2011
Figure 151: United Kingdom Passenger Car Penetration (per thousand people), 2007–2011
Figure 152: United Kingdom Healthcare Expenditure (US$ Billion), 2007–2011
Figure 153: United Kingdom Healthcare Expenditure as a Percentage of GDP (%), 2007–2011
Figure 154: United Kingdom Per Capita Healthcare Expenditure (US$), 2007–2011
Figure 155: United Kingdom Internet Subscriptions (Millions), 2007–2011
Figure 156: United Kingdom Size of Labor Force in 15–59 Age Group (Million), 2007–2011
Figure 157: United Kingdom Unemployment Rate (%), 2007–2011
Figure 158: United Kingdom Annual Disposable Income (US$ Billion), 2007–2011
Figure 159: United Kingdom Annual Per Capita Disposable Income (US$), 2007–2011
Figure 160: United Kingdom Total Population (Million), 2007–2011
Figure 161: United Kingdom Urban and Rural Population (%), 2007–2011
Figure 162: United Kingdom Female as Percentage of Population (%), 2007–2011
Figure 163: United Kingdom Male as Percentage of Population (%), 2007–2011
Figure 164: United Kingdom Mean Age of Population (Year), 2007–2011
Figure 165: United Kingdom Median Age of Population (Year), 2007–2011
Figure 166: United Kingdom Population Density (per Square Kilometer), 2007–2011
Figure 167: United Kingdom Population Distribution by Age (%), 2007–2011
Figure 168: United Kingdom Male Population Distribution by Age (%), 2007–2011
Figure 169: United Kingdom Female Population Distribution by Age (%), 2007–2011
Figure 170: United Kingdom Households, Number of (Million), 2007–2011
Figure 171: Global Terrorism Heat Map, 2011
Figure 172: United Kingdom Transparency Index, 2007–2011
COMPANIES MENTIONED
Aviva Plc
Standard Life Plc
Lloyds Banking Group plc
AEGON UK plc
Prudential plc
Legal & General Group Plc
Zurich Financial Services ltd
Old Mutual plc
Royal London Mutual
2 INTRODUCTION
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 THE UK INSURANCE INDUSTRY ATTRACTIVENESS
3.1 Insurance Industry Market Size, 2007–2016
3.2 Key Industry Trends and Drivers
3.2.1 Business drivers
3.2.2 Consumer drivers
3.3 Recent Market Developments
4 LIFE INSURANCE SEGMENT OUTLOOK
4.1 Life Insurance Growth Prospects by Category
4.1.1 Individual life insurance category
4.1.2 Individual general annuity category
4.1.3 Individual pension category
4.1.4 Individual unit-linked sub-category
4.1.5 Individual term life insurance category
4.1.6 Individual others category
4.1.7 Group life category
4.1.8 Group superannuation insurance category
4.2 Life Insurance Growth Prospects by Consumer Segment
4.2.1 Individual consumer segment
4.2.2 Individual single premium category
4.2.3 Individual non-single premium category
4.2.4 Group consumer segment
4.2.5 Group single premium category
4.2.6 Group non-single premium category
5 ANALYSIS BY DISTRIBUTION CHANNEL
5.1 Direct marketing channel
5.2 Bancassurance channel
5.3 Agencies channel
5.4 Other channel
6 REGULATORY POLICIES
7 PORTER’S FIVE FORCES ANALYSIS – UK LIFE INSURANCE SEGMENT
7.1 Bargaining Power of Supplier: low to medium
7.2 Bargaining Power of Buyer: medium to high
7.3 Barriers to Entry: medium
7.4 Intensity of Rivalry: high
7.5 Threat of Substitutes: medium
8 REINSURANCE GROWTH DYNAMICS AND CHALLENGES
8.1 Reinsurance market size, 2007–2016
8.2 Reinsurance Market Size by Insurance Segment, 2007–2016
9 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS
9.1 Overview
9.2 Leading Companies in the UK Life Insurance Segment
9.3 Aviva Plc – Company Overview
9.3.1 Aviva Plc – key facts
9.3.2 Aviva Plc – main products
9.3.3 Aviva Plc – main competitors
9.3.4 Aviva Plc – key employees
9.4 Standard Life plc – Company Overview
9.4.1 Standard Life plc – key facts
9.4.2 Standard Life plc – main products
9.4.3 Standard Life plc – main competitors
9.4.4 Standard Life plc – key employees
9.5 Lloyds Banking Group plc – Company Overview
9.5.1 Lloyds Banking Group plc – key facts
9.5.2 Lloyds Banking Group plc – main products
9.5.3 Lloyds Banking Group plc – main competitors
9.5.4 Lloyds Banking Group plc – key employees
9.6 AEGON UK plc – Company Overview
9.6.1 AEGON UK plc – key facts
9.6.2 AEGON UK plc – main products
9.6.3 AEGON UK plc – main competitors
9.6.4 AEGON UK plc – key employees
9.7 Prudential plc – Company Overview
9.7.1 Prudential plc – key facts
9.7.2 Prudential plc – main products
9.7.3 Prudential plc – main competitors
9.7.4 Prudential plc – key employees
9.8 Legal & General Group Plc – Company Overview
9.8.1 Legal & General Group Plc – key facts
9.8.2 Legal & General Group Plc – main products
9.8.3 Legal & General Group Plc – main competitors
9.8.4 Legal & General Group Plc – key employees
9.9 Zurich Financial Services Ltd – Company Overview
9.9.1 Zurich Financial Services Ltd – key facts
9.9.2 Zurich Financial Services Ltd – main products
9.9.3 Zurich Financial Services Ltd – main competitors
9.9.4 Zurich Financial Services Ltd – key employees
9.1 Old Mutual plc – Company Overview
9.10.1 Old Mutual plc – key facts
9.10.2 Old Mutual plc – main products
9.10.3 Old Mutual plc – main competitors
9.10.4 Old Mutual plc – key employees
10 BUSINESS ENVIRONMENT AND COUNTRY RISK
10.1 Business Confidence
10.1.1 Business confidence indicator
10.1.2 Market capitalization trend – The London Stock Exchange, United Kingdom
10.2 Economic Performance
10.2.1 GDP at constant prices (US dollar)
10.2.2 GDP per capita at constant prices (US dollar)
10.2.3 GDP at current prices (US dollar)
10.2.4 GDP per capita at current prices (US dollar)
10.2.5 GDP by key segments
10.2.6 Agricultural net output at current prices (British pound)
10.2.7 Agricultural net output at current prices (US dollar)
10.2.8 Agricultural net output at current prices as a percentage of GDP
10.2.9 Manufacturing net output at current prices (British pound)
10.2.10 Manufacturing net output at current prices (US dollar)
10.2.11 Manufacturing net output at current prices as a percentage of GDP
10.2.12 Mining, manufacturing and utilities net output at current prices (British pound)
10.2.13 Mining, manufacturing and utilities at current prices (US dollar)
10.2.14 Mining, manufacturing and utilities at current prices, as a percentage of GDP
10.2.15 Construction net output at current prices (British pound)
10.2.16 Construction net output at current prices, (US dollar)
10.2.17 Construction net output at current prices as a percentage of GDP
10.2.18 Inflation rate
10.2.19 Current account balance as a percentage of GDP
10.2.20 Exports as a percentage of GDP
10.2.21 Imports as a percentage of GDP
10.2.22 Exports growth
10.2.23 Imports growth
10.2.24 Annual average exchange rate US$–GBP
10.2.25 End-of-period exchange rate US$–GBP
10.3 Infrastructure Quality and Availability
10.3.1 Total airports and sea ports
10.3.2 Railways and roadways
10.3.3 Passenger vehicle production volume
10.3.4 Commercial vehicle production volume
10.3.5 Automotive component exports trend
10.3.6 Automotive component imports trend
10.3.7 Passenger car penetration
10.3.8 Healthcare expenditure
10.3.9 Healthcare expenditure as a percentage of GDP
10.3.10 Healthcare expenditure per capita
10.3.11 Total internet subscribers
10.4 Labor Force
10.4.1 Labor force
10.4.2 Unemployment rate
10.5 Demographics
10.5.1 Annual disposable income
10.5.2 Annual per capita disposable income
10.5.3 Total population
10.5.4 Urban and rural population
10.5.5 Female percentage of population
10.5.6 Male percentage of population
10.5.7 Mean age of the population
10.5.8 Median age of population
10.5.9 Population density
10.5.10 Age distribution of the UK’s total population
10.5.11 Age distribution of the male population
10.5.12 Age distribution of the female population
10.5.13 Number of households
10.6 Political and Social Risk
10.6.1 Political stability
10.6.2 Terrorism index
10.6.3 Transparency index
11 APPENDIX
11.1 Methodology
11.2 Contact Us
11.3 About Timetric
11.4 Disclaimer
LIST OF TABLES
Table 1: Insurance Industry Definitions
Table 2: UK Insurance Overall Written Premium by Segment (GBP Billion), 2007–2011
Table 3: UK Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: UK Insurance Overall Written Premium by Segment (GBP Billion), 2011–2016
Table 5: UK Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: UK Insurance Segmentation (%), 2007–2016
Table 7: Life Insurance Written Premium by Category (GBP Billion), 2007–2011
Table 8: Life Insurance Written Premium by Category (US$ Billion), 2007–2011
Table 9: Life Insurance Written Premium by Category (GBP Billion), 2011–2016
Table 10: Life Insurance Written Premium by Category (US$ Billion), 2011–2016
Table 11: Life Insurance – Incurred Loss (GBP Billion), 2007–2011
Table 12: Life Insurance – Incurred Loss (GBP Billion), 2011–2016
Table 13: Life Insurance – Loss Ratio (%), 2007–2011
Table 14: Life Insurance – Loss Ratio (%), 2011–2016
Table 15: Life Insurance – Commissions and Expenses (GBP Billion), 2007–2011
Table 16: Life Insurance – Commissions and Expenses (GBP Billion), 2011–2016
Table 17: Life Insurance – Combined Ratio (%), 2007–2011
Table 18: Life Insurance – Combined Ratio (%), 2011–2016
Table 19: Life Insurance – Frauds and Crimes (GBP Billion), 2007–2011
Table 20: Life Insurance – Frauds and Crimes (GBP Billion), 2011–2016
Table 21: Life Insurance – Total Assets (GBP Billion), 2007–2011
Table 22: Life Insurance – Total Assets (GBP Billion), 2011–2016
Table 23: Life Insurance – Total Investment Income (GBP Billion), 2007–2011
Table 24: Life Insurance – Total Investment Income (GBP Billion), 2011–2016
Table 25: Life Insurance – Retentions (GBP Billion), 2007–2011
Table 26: Life Insurance – Retentions (GBP Billion), 2011–2016
Table 27: Individual Life Insurance Category by Volume (Thousand), 2007–2011
Table 28: Individual Life Insurance Category by Volume (Thousand), 2011–2016
Table 29: Individual Life Insurance Category by Written Premium (GBP Billion), 2007–2011
Table 30: Individual Life Insurance Category by Written Premium (GBP Billion), 2011–2016
Table 31: Individual General Annuity Insurance Category by Volume (Thousand), 2007–2011
Table 32: Individual General Annuity Insurance Category by Volume (Thousand), 2011–2016
Table 33: Individual General Annuity Insurance Category by Written Premium (GBP Billion), 2007–2011
Table 34: Individual General Annuity Insurance Category by Written Premium (GBP Billion), 2011–2016
Table 35: Individual Pension Insurance Category by Volume (Thousand), 2007–2011
Table 36: Individual Pension Insurance Category by Volume (Thousand), 2011–2016
Table 37: Individual Pension Insurance Category by Written Premium (GBP Billion), 2007–2011
Table 38: Individual Pension Insurance Category by Written Premium (GBP Billion), 2011–2016
Table 39: Individual Unit-linked Insurance Sub-Category by Volume (Thousand), 2007–2011
Table 40: Individual Unit-linked Insurance Sub-Category by Volume (Thousand), 2011–2016
Table 41: Individual Unit-linked Insurance Sub-Category by Written Premium (GBP Billion), 2007–2011
Table 42: Individual Unit-linked Insurance Sub-Category by Written Premium (GBP Billion), 2011–2016
Table 43: Individual Term Life Insurance Category by Volume (Thousand), 2007–2011
Table 44: Individual Term Life Insurance Category by Volume (Thousand), 2011–2016
Table 45: Individual Term Life Insurance Category by Written Premium (GBP Billion), 2007–2011
Table 46: Individual Term Life Insurance Category by Written Premium (GBP Billion), 2011–2016
Table 47: Individual Others Category by Volume (Thousand), 2007–2011
Table 48: Individual Others Category by Volume (Thousand), 2011–2016
Table 49: Individual-Others Category by Written Premium (GBP Billion), 2007–2011
Table 50: Individual-Others Category by Written Premium (GBP Billion), 2011–2016
Table 51: Group life Insurance Category by Volume (Thousand), 2007–2011
Table 52: Group life Insurance Category by Volume (Thousand), 2011–2016
Table 53: Group life Insurance Category by Written Premium (GBP Billion), 2007–2011
Table 54: Group Life Insurance Category by Written Premium (GBP Billion), 2011–2016
Table 55: Group Superannuation Category by Volume (Thousand), 2007–2011
Table 56: Group Superannuation Category by Volume (Thousand), 2011–2016
Table 57: Group Superannuation Category by Written Premium (GBP Billion), 2007–2011
Table 58: Group Superannuation Category by Written Premium (GBP Billion), 2011–2016
Table 59: Individual Single Premium Category by Volume (Thousand), 2007–2011
Table 60: Individual Single Premium Category by Volume (Thousand), 2011–2016
Table 61: Individual Single Premium Category by Written Premium (GBP Billion), 2007–2011
Table 62: Individual Single Premium Category by Written Premium (GBP Billion), 2011–2016
Table 63: Individual Non-Single Premium Category by Volume (Thousand), 2007–2011
Table 64: Individual Non-Single Premium Category by Volume (Thousand), 2011–2016
Table 65: Individual Non-Single Premium Category by Written Premium (GBP Billion), 2007–2011
Table 66: Individual Non-Single Premium Category by Written Premium (GBP Billion), 2011–2016
Table 67: Group Single Premium Category by Volume (Thousand), 2007–2011
Table 68: Group Single Premium Category by Volume (Thousand), 2011–2016
Table 69: Group Single Premium Category by Written Premium (GBP Billion), 2007–2011
Table 70: Group Single Premium Category by Written Premium (GBP Billion), 2011–2016
Table 71: Group Non-Single Premium Category by Volume (Thousand), 2007–2011
Table 72: Group Non-Single Premium Category by Volume (Thousand), 2011–2016
Table 73: Group Non-Single Premium Category by Written Premium (GBP Billion), 2007–2011
Table 74: Group Non-Single Premium Category by Written Premium (GBP Billion), 2011–2016
Table 75: Life Insurance – Direct Marketing Commission Paid (GBP Billion), 2007–2011
Table 76: Life Insurance – Direct Marketing Commission Paid (GBP Billion), 2011–2016
Table 77: Life Insurance – Written Premium Through Direct Marketing (GBP Billion), 2007–2011
Table 78: Life Insurance – Written Premium Through Direct Marketing (GBP Billion), 2011–2016
Table 79: Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2007–2011
Table 80: Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2011–2016
Table 81: Life Insurance – Number of Direct Marketing Distributors, 2007–2011
Table 82: Life Insurance – Number of Direct Marketing Distributors, 2011–2016
Table 83: Life Insurance – Bancassurance Commission Paid (GBP Billion), 2007–2011
Table 84: Life Insurance – Bancassurance Commission Paid (GBP Billion), 2011–2016
Table 85: Life Insurance – Written Premium Through Bancassurance (GBP Billion), 2007–2011
Table 86: Life Insurance – Written Premium Through Bancassurance (GBP Billion), 2011–2016
Table 87: Life Insurance – Policies Sold Through Bancassurance (Thousand), 2007–2011
Table 88: Life Insurance – Policies Sold Through Bancassurance (Thousand), 2011–2016
Table 89: Life Insurance – Number of Bancassurance Distributors, 2007–2011
Table 90: Life Insurance – Number of Bancassurance Distributors, 2011–2016
Table 91: Life Insurance – Commission Paid to Agencies (GBP Billion), 2007–2011
Table 92: Life Insurance – Commission Paid to Agencies (GBP Billion), 2011–2016
Table 93: Life Insurance – Written Premium Through Agencies (GBP Billion), 2007–2011
Table 94: Life Insurance – Written Premium Through Agencies (GBP Billion), 2011–2016
Table 95: Life Insurance – Policies Sold Through Agencies (Thousand), 2007–2011
Table 96: Life Insurance – Policies Sold Through Agencies (Thousand), 2011–2016
Table 97: Life Insurance – Number of Agencies, 2007–2011
Table 98: Life Insurance – Number of Agencies, 2011–2016
Table 99: Life Insurance – Commission Paid to Other Channels (GBP Billion), 2007–2011
Table 100: Life Insurance – Commission Paid to Other Channels (GBP Billion), 2011–2016
Table 101: Life Insurance – Written Premium Through Other Channels (GBP Billion), 2007–2011
Table 102: Life Insurance – Written Premium Through Other Channels (GBP Billion), 2011–2016
Table 103: Life Insurance – Policies Sold Through Other Channels (Thousand), 2007–2011
Table 104: Life Insurance – Policies Sold Through Other Channels (Thousand), 2011–2016
Table 105: Life Insurance – Number of Distributors in Other Channels, 2007–2011
Table 106: Life Insurance – Number of Distributors in Other Channels, 2011–2016
Table 107: UK Reinsurance by Category (GBP Billion), 2007–2011
Table 108: UK Reinsurance by Category (US$ Billion), 2007–2011
Table 109: UK Reinsurance by Category (GBP Billion), 2011–2016
Table 110: UK Reinsurance by Category (US$ Billion), 2011–2016
Table 111: Reinsurance Ceded by Insurance Segment (GBP Billion), 2007–2011
Table 112: Reinsurance Ceded by Insurance Segment (US$ Billion), 2007–2011
Table 113: Reinsurance Ceded by Insurance Segment (GBP Billion), 2011–2016
Table 114: Reinsurance Ceded by Insurance Segment (US$ Billion), 2011–2016
Table 115: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 116: Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Table 117: Life Insurance Segment Share (%), 2010
Table 118: Aviva Plc, Key Facts
Table 119: Aviva Plc, Main Products
Table 120: Aviva Plc, Key Employees
Table 121: Standard Life plc, Key Facts
Table 122: Standard Life plc, Main Products
Table 123: Standard Life plc, Key Employees
Table 124: Lloyds Banking Group plc, Key Facts
Table 125: Lloyds Banking Group plc, Main Products
Table 126: Lloyds Banking Group plc, Key Employees
Table 127: AEGON UK plc, Key Facts
Table 128: AEGON UK plc, Main Products
Table 129: AEGON UK plc, Key Employees
Table 130: Prudential plc, Key Facts
Table 131: Prudential plc, Main Products
Table 132: Prudential plc, Key Employees
Table 133: Legal & General Group Plc, Key Facts
Table 134: Legal & General Group Plc, Main Products
Table 135: Legal & General Group Plc, Key Employees
Table 136: Zurich Financial Services Ltd, Key Facts
Table 137: Zurich Financial Services Ltd, Main Products
Table 138: Zurich Financial Services Ltd, Key Employees
Table 139: Old Mutual plc, Key Facts
Table 140: Old Mutual plc, Main Products
Table 141: Old Mutual plc, Key Employees
LIST OF FIGURES
Figure 1: UK Insurance Overall Written Premium by Segment (GBP Billion), 2007–2016
Figure 2: UK Insurance Dynamics by Segment, 2007–2016
Figure 3: Life Insurance Written Premium by Category (GBP Billion), 2007–2016
Figure 4: Life Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 5: Life Insurance Dynamics by Category, 2007–2016
Figure 6: Life Insurance – Incurred Loss (GBP Billion), 2007–2011
Figure 7: Life Insurance – Incurred Loss (GBP Billion), 2011–2016
Figure 8: Life Insurance – Loss Ratio (%), 2007–2011
Figure 9: Life Insurance – Loss Ratio (%), 2011–2016
Figure 10: Life Insurance – Commissions and Expenses (GBP Billion), 2007–2011
Figure 11: Life Insurance – Commissions and Expenses (GBP Billion), 2011–2016
Figure 12: Life Insurance – Combined Ratio (%), 2007–2011
Figure 13: Life Insurance – Combined Ratio (%), 2011–2016
Figure 14: Life Insurance – Frauds and Crimes (GBP Billion), 2007–2011
Figure 15: Life Insurance – Frauds and Crimes (GBP Billion), 2011–2016
Figure 16: Life Insurance – Total Assets (GBP Billion), 2007–2011
Figure 17: Life Insurance – Total Assets (GBP Billion), 2011–2016
Figure 18: Life Insurance – Total Investment Income (GBP Billion), 2007–2011
Figure 19: Life Insurance – Total Investment Income (GBP Billion), 2011–2016
Figure 20: Life Insurance – Retentions (GBP Billion), 2007–2011
Figure 21: Life Insurance – Retentions (GBP Billion), 2011–2016
Figure 22: Life Insurance – Investment Type (GBP Billion), 2007–2011
Figure 23: Life Insurance – Investment Type (% Share), 2007 and 2011
Figure 24: Life Insurance – Density and Penetration (%), 2007–2011
Figure 25: Life Insurance – Number of Policies Sold (Thousand), 2007–2011
Figure 26: Life Insurance – Number of Policies Sold (Thousand), 2011–2016
Figure 27: Life Insurance – Premium Per-capita (GBP), 2007–2011
Figure 28: Individual Life Insurance Category by Volume (Thousand), 2007–2011
Figure 29: Individual Life Insurance Category by Volume (Thousand), 2011–2016
Figure 30: Individual Life Insurance Category by Written Premium (GBP Billion), 2007–2011
Figure 31: Individual Life Insurance Category by Written Premium (GBP Billion), 2011–2016
Figure 32: Individual General Annuity Insurance Category by Volume (Thousand), 2007–2011
Figure 33: Individual General Annuity Insurance Category by Volume (Thousand), 2011–2016
Figure 34: Individual General Annuity Insurance Category by Written Premium (GBP Billion), 2007–2011
Figure 35: Individual General Annuity Insurance Category by Written Premium (GBP Billion), 2011–2016
Figure 36: Individual Pension Insurance Category by Volume (Thousand), 2007–2011
Figure 37: Individual Pension Insurance Category by Volume (Thousand), 2011–2016
Figure 38: Individual Pension Insurance Category by Written Premium (GBP Billion), 2007–2011
Figure 39: Individual Pension Insurance Category by Written Premium (GBP Billion), 2011–2016
Figure 40: Individual Unit-linked Insurance Sub-Category by Volume (Thousand), 2007–2011
Figure 41: Individual Unit-linked Insurance Sub-Category by Volume (Thousand), 2011–2016
Figure 42: Individual Unit-linked Insurance Sub-Category by Written Premium (GBP Billion), 2007–2011
Figure 43: Individual Unit-linked Insurance Sub-Category by Written Premium (GBP Billion), 2011–2016
Figure 44: Individual Term Life Insurance Category by Volume (Thousand), 2007–2011
Figure 45: Individual Term Life Insurance Category by Volume (Thousand), 2011–2016
Figure 46: Individual Term Life Insurance Category by Written Premium (GBP Billion), 2007–2011
Figure 47: Individual Term Life Insurance Category by Written Premium (GBP Billion), 2011–2016
Figure 48: Individual Others Category by Volume (Thousand), 2007–2011
Figure 49: Individual Others Category by Volume (Thousand), 2011–2016
Figure 50: Individual-Others Category by Written Premium (GBP Billion), 2007–2011
Figure 51: Individual-Others Category by Written Premium (GBP Billion), 2011–2016
Figure 52: Group life Insurance Category by Volume (Thousand), 2007–2011
Figure 53: Group life Insurance Category by Volume (Thousand), 2011–2016
Figure 54: Group life Insurance Category by Written Premium (GBP Billion), 2007–2011
Figure 55: Group Life Insurance Category by Written Premium (GBP Billion), 2011–2016
Figure 56: Group Superannuation Category by Volume (Thousand), 2007–2011
Figure 57: Group Superannuation Category by Volume (Thousand), 2011–2016
Figure 58: Group Superannuation Category by Written Premium (GBP Billion), 2007–2011
Figure 59: Group Superannuation Category by Written Premium (GBP Billion), 2011–2016
Figure 60: Individual Single Premium Category by Volume (Thousand), 2007–2011
Figure 61: Individual Single Premium Category by Volume (Thousand), 2011–2016
Figure 62: Individual Single Premium Category by Written Premium (GBP Billion), 2007–2011
Figure 63: Individual Single Premium Category by Written Premium (GBP Billion), 2011–2016
Figure 64: Individual Non-Single Premium Category by Volume (Thousand), 2007–2011
Figure 65: Individual Non-Single Premium Category by Volume (Thousand), 2011–2016
Figure 66: Individual Non-Single Premium Category by Written Premium (GBP Billion), 2007–2011
Figure 67: Individual Non-Single Premium Category by Written Premium (GBP Billion), 2011–2016
Figure 68: Group Single Premium Category by Volume (Thousand), 2007–2011
Figure 69: Group Single Premium Category by Volume (Thousand), 2011–2016
Figure 70: Group Single Premium Category by Written Premium (GBP Billion), 2007–2011
Figure 71: Group Single Premium Category by Written Premium (GBP Billion), 2011–2016
Figure 72: Group Non-Single Premium Category by Volume (Thousand), 2007–2011
Figure 73: Group Non-Single Premium Category by Volume (Thousand), 2011–2016
Figure 74: Group Non-Single Premium Category by Written Premium (GBP Billion), 2007–2011
Figure 75: Group Non-Single Premium Category by Written Premium (GBP Billion), 2011–2016
Figure 76: Life Insurance New Business Written Premium by Distribution Channel (% Share) 2011 and 2016
Figure 77: Life Insurance – Direct Marketing Commission Paid (GBP Billion), 2007–2011
Figure 78: Life Insurance – Direct Marketing Commission Paid (GBP Billion), 2011–2016
Figure 79: Life Insurance – Written Premium Through Direct Marketing (GBP Billion), 2007–2011
Figure 80: Life Insurance – Written Premium Through Direct Marketing (GBP Billion), 2011–2016
Figure 81: Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2007–2011
Figure 82: Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2011–2016
Figure 83: Life Insurance – Number of Direct Marketing Distributors, 2007–2011
Figure 84: Life Insurance – Number of Direct Marketing Distributors, 2011–2016
Figure 85: Life Insurance – Bancassurance Commission Paid (GBP Billion), 2007–2011
Figure 86: Life Insurance – Bancassurance Commission Paid (GBP Billion), 2011–2016
Figure 87: Life Insurance – Written Premium Through Bancassurance (GBP Billion), 2007–2011
Figure 88: Life Insurance – Written Premium Through Bancassurance (GBP Billion), 2011–2016
Figure 89: Life Insurance – Policies Sold Through Bancassurance (Thousand), 2007–2011
Figure 90: Life Insurance – Policies Sold Through Bancassurance (Thousand), 2011–2016
Figure 91: Life Insurance – Number of Bancassurance Distributors, 2007–2011
Figure 92: Life Insurance – Number of Bancassurance Distributors, 2011–2016
Figure 93: Life Insurance – Commission Paid to Agencies (GBP Billion), 2007–2011
Figure 94: Life Insurance – Commission Paid to Agencies (GBP Billion), 2011–2016
Figure 95: Life Insurance – Written Premium Through Agencies (GBP Billion), 2007–2011
Figure 96: Life Insurance – Written Premium Through Agencies (GBP Billion), 2011–2016
Figure 97: Life Insurance – Policies Sold Through Agencies (Thousand), 2007–2011
Figure 98: Life Insurance – Policies Sold Through Agencies (Thousand), 2011–2016
Figure 99: Life Insurance – Number of Agencies, 2007–2011
Figure 100: Life Insurance – Number of Agencies, 2011–2016
Figure 101: Life Insurance – Commission Paid to Other Channels (GBP Billion), 2007–2011
Figure 102: Life Insurance – Commission Paid to Other Channels (GBP Billion), 2011–2016
Figure 103: Life Insurance – Written Premium Through Other Channels (GBP Billion), 2007–2011
Figure 104: Life Insurance – Written Premium Through Other Channels (GBP Billion), 2011–2016
Figure 105: Life Insurance – Policies Sold Through Other Channels (Thousand), 2007–2011
Figure 106: Life Insurance – Policies Sold Through Other Channels (Thousand), 2011–2016
Figure 107: Life Insurance – Number of Distributors in Other Channels, 2007–2011
Figure 108: Life Insurance – Number of Distributors in Other Channels, 2011–2016
Figure 109: UK Life Insurance Segment – Five Forces Analysis
Figure 110: Premium Ceded to Reinsurance by Category (GBP Billion), 2007–2016
Figure 111: Reinsurance Premium Share by Category, 2011 and 2016
Figure 112: Reinsurance Market Dynamics by Category, 2007–2016
Figure 113: Reinsurance Ceded by Insurance Segment (GBP Billion), 2007–2016
Figure 114: Reinsurance Market Dynamics by Insurance Segment, 2007–2016
Figure 115: Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 116: Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 117: Life Insurance Market Share (%), 2010
Figure 118: United Kingdom Business Confidence Indicator, Q12008–Q42011
Figure 119: The London Stock Exchange Market Capitalization (US$ Billion), 2007–2011
Figure 120: United Kingdom GDP at Constant Prices (US$ Billion), 2007–2011
Figure 121: United Kingdom GDP Per Capita at Constant Prices (US$), 2007–2011
Figure 122: United Kingdom GDP at Current Prices (US$ Billion), 2007–2011
Figure 123: United Kingdom GDP Per Capita at Current Prices (US$), 2007–2011
Figure 124: United Kingdom GDP by Key Segments (%) 2007 and 2011
Figure 125: United Kingdom Agricultural Net Output at Current Prices (GBP Billion), 2007–2011
Figure 126: United Kingdom Agricultural Net Output at Current Prices (US$ Billion), 2007–2011
Figure 127: United Kingdom Agricultural Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 128: United Kingdom Manufacturing Net Output at Current Prices (GBP Billion), 2007–2011
Figure 129: United Kingdom Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011
Figure 130: United Kingdom Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 131: United Kingdom Mining, Manufacturing and Utilities Net Output at Current Prices (GBP Billion), 2007–2011
Figure 132: United Kingdom Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2011
Figure 133: United Kingdom Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 134: United Kingdom Construction Net Output at Current Prices (GBP Billion), 2007–2011
Figure 135: United Kingdom Construction Net Output at Current Prices (US$ Billion), 2007– 2011
Figure 136: United Kingdom Construction Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 137: United Kingdom Inflation Rate (%), 2007–2011
Figure 138: United Kingdom Current Account Balance as a Percentage of GDP(%), 2007–2011
Figure 139: United Kingdom Exports as a Percentage of GDP (%), 2007–2011
Figure 140: United Kingdom Imports as a Percentage of GDP (%), 2007–2011
Figure 141: United Kingdom Exports Growth (%), 2007–2011
Figure 142: United Kingdom Imports Growth (%), 2007–2011
Figure 143: United Kingdom Annual Average Exchange Rate US$–GBP, 2007–2011
Figure 144: United Kingdom End-of-Period Exchange Rate US$–GBP, 2007–2011
Figure 145: United Kingdom Airports and Sea Ports (Number), 2011
Figure 146: United Kingdom Railways and Roadways (Kilometers), 2011
Figure 147: United Kingdom Passenger Vehicle Production, 2007–2011
Figure 148: United Kingdom Commercial Vehicle Production, 2007–2011
Figure 149: United Kingdom Automotive Component Exports (US$ Billion), 2007–2011
Figure 150: United Kingdom Automotive Component Imports (US$ Billion), 2007–2011
Figure 151: United Kingdom Passenger Car Penetration (per thousand people), 2007–2011
Figure 152: United Kingdom Healthcare Expenditure (US$ Billion), 2007–2011
Figure 153: United Kingdom Healthcare Expenditure as a Percentage of GDP (%), 2007–2011
Figure 154: United Kingdom Per Capita Healthcare Expenditure (US$), 2007–2011
Figure 155: United Kingdom Internet Subscriptions (Millions), 2007–2011
Figure 156: United Kingdom Size of Labor Force in 15–59 Age Group (Million), 2007–2011
Figure 157: United Kingdom Unemployment Rate (%), 2007–2011
Figure 158: United Kingdom Annual Disposable Income (US$ Billion), 2007–2011
Figure 159: United Kingdom Annual Per Capita Disposable Income (US$), 2007–2011
Figure 160: United Kingdom Total Population (Million), 2007–2011
Figure 161: United Kingdom Urban and Rural Population (%), 2007–2011
Figure 162: United Kingdom Female as Percentage of Population (%), 2007–2011
Figure 163: United Kingdom Male as Percentage of Population (%), 2007–2011
Figure 164: United Kingdom Mean Age of Population (Year), 2007–2011
Figure 165: United Kingdom Median Age of Population (Year), 2007–2011
Figure 166: United Kingdom Population Density (per Square Kilometer), 2007–2011
Figure 167: United Kingdom Population Distribution by Age (%), 2007–2011
Figure 168: United Kingdom Male Population Distribution by Age (%), 2007–2011
Figure 169: United Kingdom Female Population Distribution by Age (%), 2007–2011
Figure 170: United Kingdom Households, Number of (Million), 2007–2011
Figure 171: Global Terrorism Heat Map, 2011
Figure 172: United Kingdom Transparency Index, 2007–2011
COMPANIES MENTIONED
Aviva Plc
Standard Life Plc
Lloyds Banking Group plc
AEGON UK plc
Prudential plc
Legal & General Group Plc
Zurich Financial Services ltd
Old Mutual plc
Royal London Mutual
