The forecast for the share of households and NPISHs’ life insurance and annuity entitlements as a percentage of total assets in the UK shows a steady increase from 12.34% in 2024 to 13.17% in 2028. This upward trend represents a consistent year-on-year growth, indicating a strengthening of the life insurance and annuity market relative to total assets. The data suggests a compounded annual growth rate favoring life insurance entitlements, reflecting potential increasing consumer trust or a shift in asset allocation priorities.
Future trends to watch for include the impact of regulatory changes on insurance products, technological advancements in the insurance sector enhancing consumer engagement, and macroeconomic factors influencing savings behavior and asset distribution among UK households.
