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Non-Life Insurance in the United Kingdom

  • ID: 1954523
  • Report
  • February 2020
  • Region: United Kingdom
  • 51 pages
  • MarketLine
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FEATURED COMPANIES

  • Aviva Plc
  • AXA SA
  • RSA Insurance Group plc
  • MORE
Non-Life Insurance in the United Kingdom

Summary

Non-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 non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the report have been calculated using constant 2018 annual average exchange rates.
  • The UK non-life insurance market had total gross written premiums of $100.8bn in 2018, representing a compound annual growth rate (CAGR) of 2.8% between 2014 and 2018.
  • High levels of household disposable income alongside lower consumer confidence in 2018 boosted sales for non-life insurance products.
  • The non-life insurance market has been subject to a series of insurance premium tax increases over the last two years, further adding to the rising price of premiums trend.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in the United Kingdom
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in the United Kingdom
  • Leading company profiles reveal details of key non-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 non-life insurance market with five year forecasts
Reasons to Buy
  • What was the size of the United Kingdom non-life insurance market by value in 2018?
  • What will be the size of the United Kingdom non-life insurance market in 2023?
  • What factors are affecting the strength of competition in the United Kingdom non-life insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitors in the United Kingdom's non-life insurance market?
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • Aviva Plc
  • AXA SA
  • RSA Insurance Group 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. AXA SA
8.2. Aviva Plc
8.3. RSA Insurance Group plc
8.4. Direct Line Insurance Group Plc

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 non-life insurance market value: $ billion, 2014-18
Table 2: United Kingdom non-life insurance market category segmentation: $ billion, 2018
Table 3: United Kingdom non-life insurance market geography segmentation: $ billion, 2018
Table 4: United Kingdom non-life insurance market value forecast: $ billion, 2018-23
Table 5: United Kingdom non-life insurance market share: % share, by value, 2018
Table 6: AXA SA: key facts
Table 7: AXA SA: Annual Financial Ratios
Table 8: AXA SA: Key Employees
Table 9: AXA SA: Key Employees Continued
Table 10: AXA SA: Key Employees Continued
Table 11: AXA SA: Key Employees Continued
Table 12: Aviva Plc: key facts
Table 13: Aviva Plc: Annual Financial Ratios
Table 14: Aviva Plc: Key Employees
Table 15: Aviva Plc: Key Employees Continued
Table 16: RSA Insurance Group plc: key facts
Table 17: RSA Insurance Group plc: Annual Financial Ratios
Table 18: RSA Insurance Group plc: Key Employees
Table 19: Direct Line Insurance Group Plc: key facts
Table 20: Direct Line Insurance Group Plc: Annual Financial Ratios
Table 21: Direct Line Insurance Group Plc: Key Employees
Table 22: United Kingdom size of population (million), 2014-18
Table 23: United Kingdom gdp (constant 2005 prices, $ billion), 2014-18
Table 24: United Kingdom gdp (current prices, $ billion), 2014-18
Table 25: United Kingdom inflation, 2014-18
Table 26: United Kingdom consumer price index (absolute), 2014-18
Table 27: United Kingdom exchange rate, 2014-18

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