Life Insurance in the United Kingdom

Life Insurance in the United Kingdom

Summary

Life Insurance in the United Kingdom industry profile provides top-line qualitativeand quantitative Summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Essential resource for top-line data and analysis covering the United Kingdom life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2017 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.
The UK life insurance market had total gross written premiums of $189.8bn in 2017, representing a compound annual growth rate (CAGR) of 1.2% between 2013 and 2017.
The life insurance segment was the markets most lucrative in 2017, with total gross written premiums of $155.9bn, equivalent to 82.1% of the markets overall value.
The UK was the largest European market in 2017, with 23.0% of the regions market value. It also demonstrated high life insurance penetration rates, with 7.2% of GDP in 2017, almost double the European average according to Swiss Re.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in the United Kingdom
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in the United Kingdom
- Leading company profiles reveal details of key life insurance market players global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United Kingdom life insurance market with five year forecasts

Reasons to buy

- What was the size of the United Kingdom life insurance market by value in 2017?
- What will be the size of the United Kingdom life insurance market in 2022?
- What factors are affecting the strength of competition in the United Kingdom life insurance market?
- How has the market performed over the last five years?
- Who are the top competitiors in the United Kingdoms life insurance market?

Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market share 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 9
Market value 9
Market Segmentation 10
Category segmentation 10
Geography segmentation 11
Market share 12
Market Outlook 13
Market value forecast 13
Five Forces Analysis 14
Summary 14
Buyer power 16
Supplier power 17
New entrants 18
Threat of substitutes 20
Degree of rivalry 21
Leading Companies 22
Aviva plc 22
Lloyds Banking Group Plc 27
Prudential Plc 31
Royal London Group 35
Macroeconomic Indicators 36
Country data 36
Methodology 38
Industry associations 39
Related MarketLine research 39
Appendix 40
About MarketLine 40

List Of Tables


Table 1: United Kingdom life insurance market value: $ billion, 201317
Table 2: United Kingdom life insurance market category segmentation: $ billion, 2017
Table 3: United Kingdom life insurance market geography segmentation: $ billion, 2017
Table 4: United Kingdom life insurance market share: % share, by value, 2017
Table 5: United Kingdom life insurance market value forecast: $ billion, 201722
Table 6: Aviva plc: key facts
Table 7: Aviva plc: key financials ($)
Table 8: Aviva plc: key financials ()
Table 9: Aviva plc: key financial ratios
Table 10: Lloyds Banking Group Plc: key facts
Table 11: Lloyds Banking Group Plc: key financials ($)
Table 12: Lloyds Banking Group Plc: key financials ()
Table 13: Lloyds Banking Group Plc: key financial ratios
Table 14: Prudential Plc: key facts
Table 15: Prudential Plc: key financials ($)
Table 16: Prudential Plc: key financials ()
Table 17: Prudential Plc: key financial ratios
Table 18: Royal London Group: key facts
Table 19: United Kingdom size of population (million), 201317
Table 20: United Kingdom gdp (constant 2005 prices, $ billion), 201317
Table 21: United Kingdom gdp (current prices, $ billion), 201317
Table 22: United Kingdom inflation, 201317
Table 23: United Kingdom consumer price index (absolute), 201317
Table 24: United Kingdom exchange rate, 201317

List Of Figures


Figure 1: United Kingdom life insurance market value: $ billion, 201317
Figure 2: United Kingdom life insurance market category segmentation: % share, by value, 2017
Figure 3: United Kingdom life insurance market geography segmentation: % share, by value, 2017
Figure 4: United Kingdom life insurance market share: % share, by value, 2017
Figure 5: United Kingdom life insurance market value forecast: $ billion, 201722
Figure 6: Forces driving competition in the life insurance market in the United Kingdom, 2017
Figure 7: Drivers of buyer power in the life insurance market in the United Kingdom, 2017
Figure 8: Drivers of supplier power in the life insurance market in the United Kingdom, 2017
Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in the United Kingdom, 2017
Figure 10: Factors influencing the threat of substitutes in the life insurance market in the United Kingdom, 2017
Figure 11: Drivers of degree of rivalry in the life insurance market in the United Kingdom, 2017
Figure 12: Aviva plc: revenues & profitability
Figure 13: Aviva plc: assets & liabilities
Figure 14: Lloyds Banking Group Plc: revenues & profitability
Figure 15: Lloyds Banking Group Plc: assets & liabilities
Figure 16: Prudential Plc: revenues & profitability
Figure 17: Prudential Plc: assets & liabilities

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