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Trends and Opportunities in the UK Life Insurance Industry to 2016: Market Profile - Product Image

Trends and Opportunities in the UK Life Insurance Industry to 2016: Market Profile

  • ID: 2141629
  • May 2012
  • Region: United Kingdom, Great Britain
  • 129 pages
  • Timetric

Synopsis
The report provides market analysis, information and insights into the UK life insurance market, including:
- A description of the life insurance market in the UK
- 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

Summary
Due to factors such as a decline in consumer confidence following the global financial crisis, the sovereign debt crisis in the Euro zone and a decline in asset value, the value of the UK life insurance segment declined continuously during the review period. Furthermore, the demand for long-term insurance policies, which account for more than XX% of total UK life insurance premiums, declined significantly during the review period. This decline was primarily attributable to a fall in consumer confidence, increased unemployment, and a consumer preference for alternative investment options. However, over the forecast period, the UK life insurance segment, which is the UK insurance industry’s largest segment and is the world’s second-largest life insurance segment, is expected to recover due to factors such READ MORE >

Note: Product cover images may vary from those shown



1 Introduction
1.1 What is this Report About?
1.2 Definitions
1.3 Methodology
2 The UK Insurance Industry Attractiveness
2.1 Insurance Industry Market Size, 2007-2016
2.2 Key Industry Trends and Drivers
2.2.1 Business drivers
2.2.2 Consumer drivers
2.3 Recent Market Developments
3 Life Insurance Segment Outlook
3.1 Life Insurance Growth Prospects by Category
3.1.1 Individual life insurance category
3.1.2 Individual general annuity category
3.1.3 Individual pension category
3.1.4 Individual unit-linked sub-category
3.1.5 Individual term life insurance category
3.1.6 Individual others category
3.1.7 Group life category
3.1.8 Group superannuation insurance category
3.2 Life Insurance Growth Prospects by Consumer Segment
3.2.1 Individual consumer segment
3.2.2 Individual single premium category
3.2.3 Individual non-single premium category
3.2.4 Group consumer segment
3.2.5 Group single premium category
3.2.6 Group non-single premium category
4 Analysis by Distribution Channel
4.1 Direct marketing channel
4.2 Bancassurance channel
4.3 Agencies channel
4.4 Other channel
5 Appendix
5.1 Methodology
5.2 Contact Us
5.3 About Timetric
5.4 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

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

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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