Life Insurance in the United Kingdom (UK) - Market Summary, Competitive Analysis and Forecast to 2025
![](/report_cover/4228/life-insurance-in-united-kingdom-uk-market-summary-competitive-analysis-n-forecast-to-2025_en.gif)
Life Insurance in the United Kingdom (UK) - Market Summary, Competitive Analysis and Forecast to 2025
SUMMARY
Life Insurance in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
SUMMARY
Life Insurance in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
- The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans.
- The UK life insurance market had total gross written premiums of $238.8bn in 2020, representing a compound annual growth rate (CAGR) of 6.6% between 2016 and 2020.
- The Life Insurance segment was the market's most lucrative in 2020, with total gross written premiums of $199.8bn, equivalent to 83.7% of the market's overall value.
- The COVID-19 pandemic, which first took hold in the UK in early 2020, has had a dramatic impact on the life insurance market, with cuts to interest rates affecting life insurance companies’ profits.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in the United Kingdom
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in the United Kingdom
- Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United Kingdom life insurance market with five year forecasts
- What was the size of the United Kingdom life insurance market by value in 2020?
- What will be the size of the United Kingdom life insurance market in 2025?
- What factors are affecting the strength of competition in the United Kingdom life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up the United Kingdom's life insurance market?
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. Aviva Plc
8.2. Zurich Insurance Group Ltd
8.3. Lloyds Banking Group Plc
8.4. American International Group Inc (AIG)
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. Aviva Plc
8.2. Zurich Insurance Group Ltd
8.3. Lloyds Banking Group Plc
8.4. American International Group Inc (AIG)
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: United Kingdom life insurance market value: $ billion, 2016-20
Table 2: United Kingdom life insurance market category segmentation: $ billion, 2020
Table 3: United Kingdom life insurance market geography segmentation: $ billion, 2020
Table 4: United Kingdom life insurance market value forecast: $ billion, 2020-25
Table 5: United Kingdom life insurance market share: % share, by value, 2020
Table 6: Aviva Plc: key facts
Table 7: Aviva Plc: Annual Financial Ratios
Table 8: Aviva Plc: Key Employees
Table 9: Aviva Plc: Key Employees Continued
Table 10: Zurich Insurance Group Ltd: key facts
Table 11: Zurich Insurance Group Ltd: Annual Financial Ratios
Table 12: Zurich Insurance Group Ltd: Key Employees
Table 13: Zurich Insurance Group Ltd: Key Employees Continued
Table 14: Lloyds Banking Group Plc: key facts
Table 15: Lloyds Banking Group Plc: Annual Financial Ratios
Table 16: Lloyds Banking Group Plc: Key Employees
Table 17: Lloyds Banking Group Plc: Key Employees Continued
Table 18: American International Group Inc (AIG): key facts
Table 19: American International Group Inc (AIG): Annual Financial Ratios
Table 20: American International Group Inc (AIG): Key Employees
Table 21: American International Group Inc (AIG): Key Employees Continued
Table 22: American International Group Inc (AIG): Key Employees Continued
Table 23: United Kingdom size of population (million), 2016-20
Table 24: United Kingdom gdp (constant 2005 prices, $ billion), 2016-20
Table 25: United Kingdom gdp (current prices, $ billion), 2016-20
Table 26: United Kingdom inflation, 2016-20
Table 27: United Kingdom consumer price index (absolute), 2016-20
Table 28: United Kingdom exchange rate, 2016-20
Table 1: United Kingdom life insurance market value: $ billion, 2016-20
Table 2: United Kingdom life insurance market category segmentation: $ billion, 2020
Table 3: United Kingdom life insurance market geography segmentation: $ billion, 2020
Table 4: United Kingdom life insurance market value forecast: $ billion, 2020-25
Table 5: United Kingdom life insurance market share: % share, by value, 2020
Table 6: Aviva Plc: key facts
Table 7: Aviva Plc: Annual Financial Ratios
Table 8: Aviva Plc: Key Employees
Table 9: Aviva Plc: Key Employees Continued
Table 10: Zurich Insurance Group Ltd: key facts
Table 11: Zurich Insurance Group Ltd: Annual Financial Ratios
Table 12: Zurich Insurance Group Ltd: Key Employees
Table 13: Zurich Insurance Group Ltd: Key Employees Continued
Table 14: Lloyds Banking Group Plc: key facts
Table 15: Lloyds Banking Group Plc: Annual Financial Ratios
Table 16: Lloyds Banking Group Plc: Key Employees
Table 17: Lloyds Banking Group Plc: Key Employees Continued
Table 18: American International Group Inc (AIG): key facts
Table 19: American International Group Inc (AIG): Annual Financial Ratios
Table 20: American International Group Inc (AIG): Key Employees
Table 21: American International Group Inc (AIG): Key Employees Continued
Table 22: American International Group Inc (AIG): Key Employees Continued
Table 23: United Kingdom size of population (million), 2016-20
Table 24: United Kingdom gdp (constant 2005 prices, $ billion), 2016-20
Table 25: United Kingdom gdp (current prices, $ billion), 2016-20
Table 26: United Kingdom inflation, 2016-20
Table 27: United Kingdom consumer price index (absolute), 2016-20
Table 28: United Kingdom exchange rate, 2016-20
LIST OF FIGURES
Figure 1: United Kingdom life insurance market value: $ billion, 2016-20
Figure 2: United Kingdom life insurance market category segmentation: % share, by value, 2020
Figure 3: United Kingdom life insurance market geography segmentation: % share, by value, 2020
Figure 4: United Kingdom life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the life insurance market in the United Kingdom, 2020
Figure 6: Drivers of buyer power in the life insurance market in the United Kingdom, 2020
Figure 7: Drivers of supplier power in the life insurance market in the United Kingdom, 2020
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in the United Kingdom, 2020
Figure 9: Factors influencing the threat of substitutes in the life insurance market in the United Kingdom, 2020
Figure 10: Drivers of degree of rivalry in the life insurance market in the United Kingdom, 2020
Figure 11: United Kingdom life insurance market share: % share, by value, 2020
Figure 1: United Kingdom life insurance market value: $ billion, 2016-20
Figure 2: United Kingdom life insurance market category segmentation: % share, by value, 2020
Figure 3: United Kingdom life insurance market geography segmentation: % share, by value, 2020
Figure 4: United Kingdom life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the life insurance market in the United Kingdom, 2020
Figure 6: Drivers of buyer power in the life insurance market in the United Kingdom, 2020
Figure 7: Drivers of supplier power in the life insurance market in the United Kingdom, 2020
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in the United Kingdom, 2020
Figure 9: Factors influencing the threat of substitutes in the life insurance market in the United Kingdom, 2020
Figure 10: Drivers of degree of rivalry in the life insurance market in the United Kingdom, 2020
Figure 11: United Kingdom life insurance market share: % share, by value, 2020