The United Kingdom Insurance Industry Outlook 2024 - 2028

See how the United Kingdom Insurance performed compared to key markets such as the United States and Germany.

Key Market Indicators

**British Gross Written Premium Poised for Growth, Insurance Spending Declines** The British Gross Written Premium is projected to rise to approximately $434 billion by 2028, up from around $402 billion in 2023. This marks an average annual growth rate of 1.2%. Since 1990, however, the British supply has seen a yearly decrease of 3.1%. Despite this, the UK secured the second spot in global rankings for 2023. The United States led the list with a Gross Written Premium of $402 billion. Trailing behind the UK were Germany and the Netherlands, occupying the third and fourth positions, respectively. Meanwhile, British insurance spending is expected to drop to €19.8 billion by 2028 from €21.7 billion in 2023, reflecting an average annual decline of 1.4%. Since 2000, the demand for insurance in the UK has decreased at a rate of 2.1% per year.

United Kingdom Insurance Market Data and Forecasts

United Kingdom Insurance : how will it grow in the coming years?

Forecast: Turnover in Insurance Sector in the UK
Forecast: Turnover in Life Insurance Sector in the UK
Forecast: Turnover of Life Insurance in the UK
Forecast: Turnover in Non-Life Insurance Sector in the UK
Forecast: Life Insurance Penetration in the UK
Forecast: Old Age and Survivors Pensions Beneficiaries by Sex in the UK
Forecast: Old Age Pensions Beneficiaries by Sex in the UK
Forecast: Import of Smoking Tobacco to the UK
Forecast: Old Age and Survivors Pensions Beneficiaries by Sex in the UK
Forecast: Old Age Pensions Beneficiaries by Sex in the UK
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