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Insurance in the United Kingdom

  • January 2016
  • -
  • MarketLine
  • -
  • 40 pages

Introduction

Insurance in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the United Kingdom insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights

- The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.

- The UK insurance market is expected to generate total gross written premiums of $357.9bn in 2015, representing a compound annual growth rate (CAGR) of 2.1% between 2011 and 2015.

- The life insurance segment is expected to be the market's most lucrative in 2015, with total gross written premiums of $235.3bn, equivalent to 65.7% of the market's overall value.

- The increase in growth seen in 2015 in the non-life segment can be partly attributed to an increase in motor insurance premium rates; the result of an increase in low value claims in 2014

Features

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in the United Kingdom

- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in the United Kingdom

- Leading company profiles reveal details of key insurance market players’ global operations and financial performance

- Add weight to presentations and pitches by understanding the future growth prospects of the United Kingdom insurance market with five year forecasts

- Macroeconomic indicators provide insight into general trends within the United Kingdom economy

Key Questions Answered

- What was the size of the United Kingdom insurance market by value in 2015?

- What will be the size of the United Kingdom insurance market in 2020?

- What factors are affecting the strength of competition in the United Kingdom insurance market?

- How has the market performed over the last five years?

- What are the main segments that make up the United Kingdom's insurance market?

Table Of Contents

Insurance in the United Kingdom
TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market share 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market Segmentation 9
Category segmentation 9
Geography segmentation 10
Market share 11
Market Outlook 12
Market value forecast 12
Five Forces Analysis 13
Summary 13
Buyer power 14
Supplier power 16
New entrants 18
Threat of substitutes 19
Degree of rivalry 20
Leading Companies 21
Aviva plc 21
AXA 25
Lloyds Banking Group plc 29
Prudential plc 32
Macroeconomic Indicators 35
Country Data 35
Methodology 37
Industry associations 38
Related MarketLine research 38
Appendix 39
About MarketLine 39

List of Tables
Table 1: United Kingdom insurance market value: $ billion, 2011-15(e)
Table 2: United Kingdom insurance market category segmentation: $ billion, 2015(e)
Table 3: United Kingdom insurance market geography segmentation: $ billion, 2015(e)
Table 4: United Kingdom insurance market share: % share, by value, 2015(e)
Table 5: United Kingdom insurance market value forecast: $ billion, 2015-20
Table 6: Aviva plc: key facts
Table 7: Aviva plc: key financials ($)
Table 8: Aviva plc: key financials (£)
Table 9: Aviva plc: key financial ratios
Table 10: AXA: key facts
Table 11: AXA: key financials ($)
Table 12: AXA: key financials (€)
Table 13: AXA: key financial ratios
Table 14: Lloyds Banking Group plc: key facts
Table 15: Lloyds Banking Group plc: key financials ($)
Table 16: Lloyds Banking Group plc: key financials (£)
Table 17: Lloyds Banking Group plc: key financial ratios
Table 18: Prudential plc: key facts
Table 19: Prudential plc: key financials ($)
Table 20: Prudential plc: key financials (£)
Table 21: Prudential plc: key financial ratios
Table 22: United Kingdom size of population (million), 2011-15
Table 23: United Kingdom gdp (constant 2005 prices, $ billion), 2011-15
Table 24: United Kingdom gdp (current prices, $ billion), 2011-15
Table 25: United Kingdom inflation, 2011-15
Table 26: United Kingdom consumer price index (absolute), 2011-15
Table 27: United Kingdom exchange rate, 2011-15

List of Figures
Figure 1: United Kingdom insurance market value: $ billion, 2011-15(e)
Figure 2: United Kingdom insurance market category segmentation: % share, by value, 2015(e)
Figure 3: United Kingdom insurance market geography segmentation: % share, by value, 2015(e)
Figure 4: United Kingdom insurance market share: % share, by value, 2015(e)
Figure 5: United Kingdom insurance market value forecast: $ billion, 2015-20
Figure 6: Forces driving competition in the insurance market in the United Kingdom, 2015
Figure 7: Drivers of buyer power in the insurance market in the United Kingdom, 2015
Figure 8: Drivers of supplier power in the insurance market in the United Kingdom, 2015
Figure 9: Factors influencing the likelihood of new entrants in the insurance market in the United Kingdom, 2015
Figure 10: Factors influencing the threat of substitutes in the insurance market in the United Kingdom, 2015
Figure 11: Drivers of degree of rivalry in the insurance market in the United Kingdom, 2015
Figure 12: Aviva plc: revenues and profitability
Figure 13: Aviva plc: assets and liabilities
Figure 14: AXA: revenues and profitability
Figure 15: AXA: assets and liabilities
Figure 16: Lloyds Banking Group plc: revenues and profitability
Figure 17: Lloyds Banking Group plc: assets and liabilities
Figure 18: Prudential plc: revenues and profitability
Figure 19: Prudential plc: assets and liabilities

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