Key Market Indicators
Revenue from life insurance in the UK is forecast to drop to around €67 billion by 2026. This is down 1.3% annually on average from 2021’s figure of €71.84 billion. Since 2017, the market has seen a 7.6% year-on-year decline. In 2021, Germany overtook the UK to take fourth place in the global ranking with €71.84 billion, while Japan, China and the UK respectively came in second, third and fourth. Meanwhile, gross written premium for life insurance in the UK is predicted to fall to around $193 billion by 2026. This is a 0.4% decrease year-on-year on average from 2021’s figure of $194.75 billion. Since 2015, the UK’s supply has decreased by 0.5% each year. In 2021, China overtook the UK to take fourth place in the global ranking with $194.75 billion, while Japan, China and the UK again took second, third and fourth place respectively.
The United Kingdom Life Insurance Market Data and Forecasts
How much will the United Kingdom Life Insurance Market grow to 2026?
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