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Life Insurance in the United Kingdom

  • January 2016
  • -
  • MarketLine
  • -
  • 38 pages

Introduction

Life Insurance in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market share, 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 life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

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 2014 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 is expected to generate total gross written premiums of $235.3bn in 2015, representing a compound annual growth rate (CAGR) of 1.4% 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 $188.0bn, equivalent to 79.9% of the market's overall value.

- Decline in this market in 2015 is being driven by the life insurance segment of the market. Pensions are seeing a growth in this country due to the rolling out of government regulation regarding automatic workplace pension enrolment.

Features

- 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

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

Key Questions Answered

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

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

- 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 competitiors in the United Kingdom's life insurance market?

Table Of Contents

Life 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 15
New entrants 16
Threat of substitutes 17
Degree of rivalry 18
Leading Companies 19
Aviva plc 19
AXA 23
Lloyds Banking Group plc 27
Prudential plc 30
Macroeconomic Indicators 33
Country Data 33
Methodology 35
Industry associations 36
Related MarketLine research 36
Appendix 37
About MarketLine 37

List of Tables
Table 1: United Kingdom life insurance market value: $ billion, 2011-15(e)
Table 2: United Kingdom life insurance market category segmentation: $ billion, 2015(e)
Table 3: United Kingdom life insurance market geography segmentation: $ billion, 2015(e)
Table 4: United Kingdom life insurance market share: % share, by value, 2015(e)
Table 5: United Kingdom life 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 life insurance market value: $ billion, 2011-15(e)
Figure 2: United Kingdom life insurance market category segmentation: % share, by value, 2015(e)
Figure 3: United Kingdom life insurance market geography segmentation: % share, by value, 2015(e)
Figure 4: United Kingdom life insurance market share: % share, by value, 2015(e)
Figure 5: United Kingdom life insurance market value forecast: $ billion, 2015-20
Figure 6: Forces driving competition in the life insurance market in the United Kingdom, 2015
Figure 7: Drivers of buyer power in the life insurance market in the United Kingdom, 2015
Figure 8: Drivers of supplier power in the life insurance market in the United Kingdom, 2015
Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in the United Kingdom, 2015
Figure 10: Factors influencing the threat of substitutes in the life insurance market in the United Kingdom, 2015
Figure 11: Drivers of degree of rivalry in the life 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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