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Synopsis
This report is the result of extensive research into the term life insurance market in the UK, covering the market dynamics, outlook and competitive landscape. It provides estimates of the market size and forecasts for the term life insurance market, and discusses key products and distribution channels. The report also provides an overview of leading companies in the category, along with details of strategic initiatives undertaken.

Summary
- The report provides market analysis and insights into the UK term life insurance business.

- It also provides a snapshot of market size and market dynamics.

- Furthermore, the report discusses key drivers, distribution channels and the outlook for the market.

- It also summarizes deals, news and regulatory developments in the category.

Scope
- This report provides a comprehensive analysis of the term life insurance market in the UK.

- It provides historical values for the UK term life insurance market for the report’s 2009–2013 review period and forecast figures for the 2014–2018 forecast period.

- It offers estimates of new business premiums collected in the market.

- It provides an overview of market dynamics and drivers.

- It profiles top term life insurers in the UK and outlines key challenges facing them.

- It provides an overview of market dynamics and drivers.

- It profiles top whole life insurers in the UK and outlines key challenges facing them.

Reasons To Buy
- Gain an understanding of the UK term life insurance market.

- Learn about the performance of market drivers, distribution channels and market dynamics.

- Explore types of products and key competitors in the category.

- Find out more on key deals and recent developments in the market.

Key Highlights
- Term life cover remains the most popular protection product.

- Softening house-purchase lending activity may restrict new business sales growth;.

- The MMR led to a shake-up in the protection advice market.

- Providers are expected to simplify products and underwriting.

- Budget changes expected to bring more attention to financial planning.

Table Of Contents

Term Life Insurance in the UK, Key Trends and Opportunities to 2018
Table of Contents
1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Market Analysis
3.1 Market Size
3.1.1 Level- and decreasing-term life insurance new business premiums
3.1.2 UK long-term protection market, new regular business premiums by category
3.2 Market Drivers
3.3 Claims
3.4 Market Outlook
3.5 Distribution Channels
4 Competitive Landscape
4.1 Review - The Best Performers of 2013
4.2 Term Life Insurance - SWOT Analysis
4.3 Product Innovation
5 Deals and News
5.1 Aviva and Friends Life finalize GBP5.6 billion merger terms
5.2 Lloyds Cuts Protection Advice Ahead of Intermediary Launch
5.3 Prudential Sells 25% Stake in PruProtect and PruHealth
5.4 Protection Surge Mitigates Aviva Annuity Attrition
5.5 Legal and General Offers Free Life Cover to New Parents
5.6 AIG Acquires Ageas Protect for GBP181 Million
5.7 TSB Bank Signs Protection Deal with Legal and General
6 Regulation and Compliance
6.1 Regulatory Changes
6.1.1 Risk selection by gender has been outlawed
6.1.2 Retail Distribution Review (RDR)
6.1.3 Mortgage Market Review (MMR)
6.1.4 Inheritance tax
6.1.5 Solvency II
7 Economic Backdrop
7.1 Real GDP Growth
7.2 Demographics
7.3 Labor Market
7.4 Housing and Mortgage Market
7.5 GDP per Capita and Household Disposable Income
8 Company Profiles
8.1 Aegon UK Plc - Company Overview
8.1.1 Aegon UK Plc - key facts
8.1.2 Aegon UK Plc - main products
8.1.3 Aegon UK Plc - main competitors
8.1.4 Aegon UK Plc - key employees
8.2 Ageas UK Ltd - Company Overview
8.2.1 Ageas UK Ltd - key facts
8.2.2 Ageas UK Ltd - main products
8.2.3 Ageas UK Ltd - main competitors
8.2.4 Ageas UK Ltd - key employees
8.3 Aviva Plc - Company Overview
8.3.1 Aviva Plc - key facts
8.3.2 Aviva Plc - main products
8.3.3 Aviva Plc - main competitors
8.3.4 Aviva Plc - key employees
8.4 Friends Life Group Ltd - Company Overview
8.4.1 Friends Life Group Plc - key facts
8.4.2 Friends Life Group Plc - main products
8.4.3 Friends Life Group Plc - main competitors
8.4.4 Friends Life Group Plc - key employees
8.5 Legal and General Group Plc - Company Overview
8.5.1 Legal and General Group Plc - key facts
8.5.2 Legal and General Group Plc - main products
8.5.3 Legal and General Group Plc - main competitors
8.5.4 Legal and General Group Plc - key employees
8.6 Liverpool Victoria Group - Company Overview
8.6.1 Liverpool Victoria Group - key facts
8.6.2 Liverpool Victoria Group - main products
8.6.3 Liverpool Victoria Group - main competitors
8.6.4 Liverpool Victoria Group - key employees
8.7 Lloyds Banking Group Plc - Company Overview
8.7.1 Lloyds Banking Group Plc - key facts
8.7.2 Lloyds Banking Group Plc - main products
8.7.3 Lloyds Banking Group Plc - main competitors
8.7.4 Lloyds Banking Group PLC - key employees
8.8 Prudential Plc - Company Overview
8.8.1 Prudential Plc - key facts
8.8.2 Prudential Plc - main products
8.8.3 Prudential Plc - main competitors
8.8.4 Prudential Plc - key employees
8.9 The Royal London Group - Company Overview
8.9.1 The Royal London Group - key facts
8.9.2 The Royal London Group - main products
8.9.3 The Royal London Group - main competitors
8.9.4 The Royal London Group - key employees
8.10 Scottish Friendly Assurance Society Ltd - Company Overview
8.10.1 Scottish Friendly Assurance Society Ltd - key facts
8.10.2 Scottish Friendly Assurance Society Ltd - main products
8.10.3 Scottish Friendly Assurance Society Ltd - main competitors
8.10.4 Scottish Friendly Assurance Society Ltd - key employees
9 Statistics
9.1 Review Period: 2009-2013
9.2 Forecast Period: 2014-2018
10 Appendix
10.1 Methodology
10.2 Contact Timetric
10.3 About Timetric
10.4 Timetric's Services
10.5 Disclaimer

List of Tables
Table 1: Insurance Industry Definitions
Table 2: First-Time Buyers, Number of Loans and Value of Loans (GBP Billion), January 2014-September 2014
Table 3: ABI Individual Protection Claims Data, 2013
Table 4: Aviva's “Six-Step Plan for a Better Protected Britain”
Table 5: UK Term Life Insurance - SWOT Analysis
Table 6: Aegon UK Plc - Key Facts
Table 7: Aegon UK Plc - Main Products
Table 8: Aegon UK Plc - Key Employees
Table 9: Ageas UK Ltd - Key Facts
Table 10: Ageas UK Ltd - Main Products
Table 11: Ageas UK Ltd - Key Employees
Table 12: Aviva Plc - Key Facts
Table 13: Aviva Plc - Main Products
Table 14: Aviva Plc - Key Employees
Table 15: Friends Life Group Plc - Key Facts
Table 16: Friends Life Group Plc - Main Products
Table 17: Friends Life Group Plc - Key Employees
Table 18: Legal and General Group Plc - Key Facts
Table 19: Legal and General Group Plc - Main Products
Table 20: Legal and General Group Plc - Key Employees
Table 21: Liverpool Victoria Group - Key Facts
Table 22: Liverpool Victoria Group - Main Products
Table 23: Liverpool Victoria Group - Key Employees
Table 24: Lloyds Banking Group Plc - Key Facts
Table 25: Lloyds Banking Group Plc - Main Products
Table 26: Lloyds Banking Group Plc - Key Employees
Table 27: Prudential Plc - Key Facts
Table 28: Prudential Plc - Main Products
Table 29: Prudential Plc - Key Employees
Table 30: The Royal London Group - Key Facts
Table 29: The Royal London Group - Main Products
Table 30: The Royal London Group - Key Employees
Table 33: Scottish Friendly Assurance Society Ltd - Key Facts
Table 34: Scottish Friendly Assurance Society Ltd - Main Products
Table 35: Scottish Friendly Assurance Society Ltd - Key Employees
Table 36: UK Term Life Insurance - Historical Statistics (GBP Thousand), 2009-2013
Table 37: UK Term Life Insurance - Forecast Statistics (GBP Thousand), 2014-2018

List of Figures
Figure 1: UK Term Life Insurance (Excluding Accelerated CI) - Total New Business Premiums (GBP Million), 2009-2013
Figure 2: UK Level- and Decreasing-Term Life Insurance (Excluding Accelerated CI) - New Business Premium (GBP Million), 2009?2013
Figure 3: UK Long-Term Protection Market - Total New Regular Business Premiums by Category (GBP Thousand), 2009-2013
Figure 4: UK Term Life Insurance (Excluding Accelerated CI) - Total New Business Premiums (GBP Million), 2014-2018
Figure 5: UK Commissions Paid by Life Insurers (GBP Million), 2009-2013
Figure 6: UK Market Shares of the Top 10 Term Life Insurance Providers (%), 2013
Figure 7: The UK's Insurance Regulatory Framework
Figure 8: UK Real GDP (Billion) and Quarter-on-Quarter Growth (%), 2007-2014
Figure 9: UK Growing and Aging Population (Years), 1995-2013
Figure 10: UK Population Aged Over 65 Years (%), 2007-2018
Figure 11: UK Overall Life Expectancy (Years), 1995-2018
Figure 12: UK Employment and Unemployment Rates (%), 2006-2014
Figure 13: UK Average Earnings and CPI Annual Growth Rates (%), 2007-2014
Figure 14: UK Annual House Prices - Rate of Change, All Dwellings (%), January 2004-September 2014
Figure 15: UK Number of First-Time Homebuyers (Thousands), 2002-2013
Figure 16: UK Gross Mortgage Lending (GBP Million), 2002-2015
Figure 17: UK Improving Living Standards (GBP), 1997-2013

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