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Life Insurance in the United Kingdom

  • ID: 1923355
  • Report
  • February 2020
  • Region: United Kingdom
  • 46 pages
  • MarketLine
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FEATURED COMPANIES

  • Aviva Plc
  • Lloyds Banking Group Plc
  • Prudential Plc
  • MORE
Life Insurance in the United Kingdom

Summary

Life Insurance in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2014-18, and forecast to 2023). 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. All currency conversions have been calculated using constant 2018 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 $235bn in 2018, representing a compound annual growth rate (CAGR) of 6.5% between 2014 and 2018.
  • High levels of household disposable income alongside with low consumer confidence and low interest rates than the previous years, boosted sales for life insurance products.
  • The UK’s interest rate was lowered to 0.5% in April 2009, and dipped closer to zero in 2016 following the uncertainty of the Brexit referendum aftermath.
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 2018?
  • What will be the size of the United Kingdom life insurance market in 2023?
  • 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 competitors in the United Kingdom's life insurance market?
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • Aviva Plc
  • Lloyds Banking Group Plc
  • Prudential Plc
  • MORE
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 rational for the recent M&A activity?

8 Company Profiles
8.1. Aviva Plc
8.2. Lloyds Banking Group Plc
8.3. Prudential 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 research
10.4. About the Author

List of Tables
Table 1: United Kingdom life insurance market value: $ billion, 2014-18
Table 2: United Kingdom life insurance market category segmentation: $ billion, 2018
Table 3: United Kingdom life insurance market geography segmentation: $ billion, 2018
Table 4: United Kingdom life insurance market value forecast: $ billion, 2018-23
Table 5: United Kingdom life insurance market share: % share, by value, 2018
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: Lloyds Banking Group Plc: key facts
Table 11: Lloyds Banking Group Plc: Annual Financial Ratios
Table 12: Lloyds Banking Group Plc: Key Employees
Table 13: Lloyds Banking Group Plc: Key Employees Continued
Table 14: Prudential Plc: key facts
Table 15: Prudential Plc: Annual Financial Ratios
Table 16: Prudential Plc: Key Employees
Table 17: Zurich Insurance Group Ltd: key facts
Table 18: Zurich Insurance Group Ltd: Annual Financial Ratios
Table 19: Zurich Insurance Group Ltd: Key Employees
Table 20: United Kingdom size of population (million), 2014-18
Table 21: United Kingdom gdp (constant 2005 prices, $ billion), 2014-18
Table 22: United Kingdom gdp (current prices, $ billion), 2014-18
Table 23: United Kingdom inflation, 2014-18
Table 24: United Kingdom consumer price index (absolute), 2014-18
Table 25: United Kingdom exchange rate, 2014-18

List of Figures
Figure 1: United Kingdom life insurance market value: $ billion, 2014-18
Figure 2: United Kingdom life insurance market category segmentation: % share, by value, 2018
Figure 3: United Kingdom life insurance market geography segmentation: % share, by value, 2018
Figure 4: United Kingdom life insurance market value forecast: $ billion, 2018-23
Figure 5: Forces driving competition in the life insurance market in the United Kingdom, 2018
Figure 6: Drivers of buyer power in the life insurance market in the United Kingdom, 2018
Figure 7: Drivers of supplier power in the life insurance market in the United Kingdom, 2018
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in the United Kingdom, 2018
Figure 9: Factors influencing the threat of substitutes in the life insurance market in the United Kingdom, 2018
Figure 10: Drivers of degree of rivalry in the life insurance market in the United Kingdom, 2018
Figure 11: United Kingdom life insurance market share: % share, by value, 2018
Note: Product cover images may vary from those shown
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  • Aviva Plc
  • Lloyds Banking Group Plc
  • Prudential Plc
  • Zurich Insurance Group Ltd
Note: Product cover images may vary from those shown
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