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Non-Life Insurance in United Kingdom

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    Report

  • 46 Pages
  • November 2020
  • Region: United Kingdom
  • MarketLine
  • ID: 5295225
Description Jump to:
Non-Life Insurance in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value 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 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 2019 annual average exchange rates.
  • The UK non-life insurance market is expected to generate total gross written premiums of $90.6bn in 2020, representing a compound annual growth rate (CAGR) of 0.3% between 2016 and 2020.
  • The motor segment is expected to be the market's most lucrative in 2020, with total gross written premiums of $32.7bn, equivalent to 36% of the market's overall value.
  • High levels of household disposable income, alongside lower consumer confidence in 2020, will boost sales for non-life insurance products; however, low interest rates will keep profits low.

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 2020?
  • What will be the size of the United Kingdom non-life insurance market in 2025?
  • 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?
  • What are the main segments that make up the United Kingdom's non-life insurance market?
Frequently Asked Questions about the Non-Life Insurance Market in United Kingdom

What is the estimated value of the Non-Life Insurance Market in United Kingdom?

The Non-Life Insurance Market in United Kingdom was estimated to be valued at $90.63 Billion in 2020.

What is the growth rate of the Non-Life Insurance Market in United Kingdom?

The growth rate of the Non-Life Insurance Market in United Kingdom is 2.6%, with an estimated value of $103.38 Billion by 2025.

What is the forecasted size of the Non-Life Insurance Market in United Kingdom?

The Non-Life Insurance Market in United Kingdom is estimated to be worth $103.38 Billion by 2025.

Who are the key companies in the Non-Life Insurance Market in United Kingdom?

Key companies in the Non-Life Insurance Market in United Kingdom include AXA SA, Aviva Plc, Direct Line Insurance Group Plc and RSA Insurance Group plc.
Report AttributeDetails
No. of Pages46
PublishedNovember 2020
Forecast Period2020 - 2025
Estimated Market Value ( $ ) in 2020 $  90.63 Billion
Forecasted Market Value ( $ ) by 2025 $  103.38 Billion
Compound Annual Growth Rate2.6%
Regions CoveredUnited Kingdom

Table of Contents

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 has the COVID-19 outbreak impacted the sector?
8 Company Profiles
8.1. AXA SA
8.2. Aviva Plc
8.3. Direct Line Insurance Group Plc
8.4. RSA 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, 2016-20(e)
Table 2: United Kingdom non-life insurance market category segmentation: $ billion, 2020(e)
Table 3: United Kingdom non-life insurance market geography segmentation: $ billion, 2020(e)
Table 4: United Kingdom non-life insurance market value forecast: $ billion, 2020-25
Table 5: United Kingdom non-life insurance market share: % share, by value, 2020(e)
Table 6: AXA SA: key facts
Table 7: AXA SA: Key Employees
Table 8: AXA SA: Key Employees Continued
Table 9: AXA SA: Key Employees Continued
Table 10: AXA SA: Key Employees Continued
Table 11: Aviva Plc: key facts
Table 12: Aviva Plc: Key Employees
Table 13: Aviva Plc: Key Employees Continued
Table 14: Direct Line Insurance Group Plc: key facts
Table 15: Direct Line Insurance Group Plc: Key Employees
Table 16: RSA Insurance Group plc: key facts
Table 17: RSA Insurance Group plc: Key Employees
Table 18: RSA Insurance Group plc: Key Employees Continued
Table 19: United Kingdom size of population (million), 2016-20
Table 20: United Kingdom GDP (constant 2005 prices, $ billion), 2016-20
Table 21: United Kingdom GDP (current prices, $ billion), 2016-20
Table 22: United Kingdom inflation, 2016-20
Table 23: United Kingdom consumer price index (absolute), 2016-20
Table 24: United Kingdom exchange rate, 2015-19
List of Figures
Figure 1: United Kingdom non-life insurance market value: $ billion, 2016-20(e)
Figure 2: United Kingdom non-life insurance market category segmentation: % share, by value, 2020(e)
Figure 3: United Kingdom non-life insurance market geography segmentation: % share, by value, 2020(e)
Figure 4: United Kingdom non-life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the non-life insurance market in the United Kingdom, 2020
Figure 6: Drivers of buyer power in the non-life insurance market in the United Kingdom, 2020
Figure 7: Drivers of supplier power in the non-life insurance market in the United Kingdom, 2020
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in the United Kingdom, 2020
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in the United Kingdom, 2020
Figure 10: Drivers of degree of rivalry in the non-life insurance market in the United Kingdom, 2020
Figure 11: United Kingdom non-life insurance market share: % share, by value, 2020(e)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • AXA SA
  • Aviva Plc
  • Direct Line Insurance Group Plc
  • RSA Insurance Group plc

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