Insurance in the United Kingdom
Insurance in the United Kingdom
Summary
Insurance in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 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
Insurance in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 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 insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
- The UK insurance market is expected to generate total gross written premiums of $343.9bn in 2020, representing a compound annual growth rate (CAGR) of 5.9% between 2016 and 2020.
- The life insurance segment is expected to be the market's most lucrative in 2020, with total gross written premiums of $253.3bn, equivalent to 73.6% of the market's overall value.
- One of the main drivers of insurance spending is consumer confidence.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in the United Kingdom
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in the United Kingdom
- Leading company profiles reveal details of key insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United Kingdom insurance market with five year forecasts by both value and volume
- What was the size of the United Kingdom insurance market by value in 2020?
- What will be the size of the United Kingdom insurance market in 2025?
- What factors are affecting the strength of competition in the United Kingdom insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up the United Kingdom's 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 the leading players follow?
7.4. What is the rationale for the recent M&A activity?
7.5. How the COVID-19 outbreak has impacted the sector?
8 COMPANY PROFILES
8.1. Aviva Plc
8.2. Prudential Plc
8.3. Lloyds Banking Group Plc
8.4. Zurich Insurance Group Ltd
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. What is the rationale for the recent M&A activity?
7.5. How the COVID-19 outbreak has impacted the sector?
8 COMPANY PROFILES
8.1. Aviva Plc
8.2. Prudential Plc
8.3. Lloyds Banking Group Plc
8.4. Zurich Insurance Group Ltd
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: United Kingdom insurance market value: $ billion, 2016-20(e)
Table 2: United Kingdom insurance market category segmentation: $ billion, 2020(e)
Table 3: United Kingdom insurance market geography segmentation: $ billion, 2020(e)
Table 4: United Kingdom insurance market value forecast: $ billion, 2020-25
Table 5: United Kingdom insurance market share: % share, by value, 2020(e)
Table 7: Aviva Plc: Key Employees
Table 8: Aviva Plc: Key Employees Continued
Table 10: Prudential Plc: Key Employees
Table 12: Lloyds Banking Group Plc: Key Employees
Table 13: Lloyds Banking Group Plc: Key Employees Continued
Table 15: Zurich Insurance Group Ltd: Key Employees
Table 16: Zurich Insurance Group Ltd: Key Employees Continued
Table 17: United Kingdom size of population (million), 2016-20
Table 18: United Kingdom gdp (constant 2005 prices, $ billion), 2016-20
Table 19: United Kingdom gdp (current prices, $ billion), 2016-20
Table 20: United Kingdom inflation, 2016-20
Table 21: United Kingdom consumer price index (absolute), 2016-20
Table 22: United Kingdom exchange rate, 2015-19
Table 1: United Kingdom insurance market value: $ billion, 2016-20(e)
Table 2: United Kingdom insurance market category segmentation: $ billion, 2020(e)
Table 3: United Kingdom insurance market geography segmentation: $ billion, 2020(e)
Table 4: United Kingdom insurance market value forecast: $ billion, 2020-25
Table 5: United Kingdom insurance market share: % share, by value, 2020(e)
Table 7: Aviva Plc: Key Employees
Table 8: Aviva Plc: Key Employees Continued
Table 10: Prudential Plc: Key Employees
Table 12: Lloyds Banking Group Plc: Key Employees
Table 13: Lloyds Banking Group Plc: Key Employees Continued
Table 15: Zurich Insurance Group Ltd: Key Employees
Table 16: Zurich Insurance Group Ltd: Key Employees Continued
Table 17: United Kingdom size of population (million), 2016-20
Table 18: United Kingdom gdp (constant 2005 prices, $ billion), 2016-20
Table 19: United Kingdom gdp (current prices, $ billion), 2016-20
Table 20: United Kingdom inflation, 2016-20
Table 21: United Kingdom consumer price index (absolute), 2016-20
Table 22: United Kingdom exchange rate, 2015-19
LIST OF FIGURES
Figure 1: United Kingdom insurance market value: $ billion, 2016-20(e)
Figure 2: United Kingdom insurance market category segmentation: % share, by value, 2020(e)
Figure 3: United Kingdom insurance market geography segmentation: % share, by value, 2020(e)
Figure 4: United Kingdom insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the insurance market in the United Kingdom, 2020
Figure 6: Drivers of buyer power in the insurance market in the United Kingdom, 2020
Figure 7: Drivers of supplier power in the insurance market in the United Kingdom, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in the United Kingdom, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in the United Kingdom, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in the United Kingdom, 2020
Figure 11: United Kingdom insurance market share: % share, by value, 2020(e)
COMPANIES MENTIONED
Aviva Plc
Prudential Plc
Lloyds Banking Group Plc
Zurich Insurance Group Ltd
Figure 1: United Kingdom insurance market value: $ billion, 2016-20(e)
Figure 2: United Kingdom insurance market category segmentation: % share, by value, 2020(e)
Figure 3: United Kingdom insurance market geography segmentation: % share, by value, 2020(e)
Figure 4: United Kingdom insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the insurance market in the United Kingdom, 2020
Figure 6: Drivers of buyer power in the insurance market in the United Kingdom, 2020
Figure 7: Drivers of supplier power in the insurance market in the United Kingdom, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in the United Kingdom, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in the United Kingdom, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in the United Kingdom, 2020
Figure 11: United Kingdom insurance market share: % share, by value, 2020(e)
COMPANIES MENTIONED
Aviva Plc
Prudential Plc
Lloyds Banking Group Plc
Zurich Insurance Group Ltd