Summary
Non-Life Insurance in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the report have been calculated using constant 2017 annual average exchange rates.
- The UK non-life insurance market had total gross written premiums of $93.5bn in 2017, representing a compound annual growth rate (CAGR) of 1.6% between 2013 and 2017.
- The motor segment was the market's most lucrative in 2017, with total gross written premiums of $33.0bn, equivalent to 35.3% of the market's overall value.
- The non-life insurance market has been subject to a series of insurance premium tax increases over the last two years, further adding to the rising price of premiums trend. These had an inflating impact on the value of net written premiums, while the growth of demand was not significantly affected.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in the United Kingdom
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in the United Kingdom
- Leading company profiles reveal details of key non-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 non-life insurance market with five year forecasts
Reasons to buy
- What was the size of the United Kingdom non-life insurance market by value in 2017?
- What will be the size of the United Kingdom non-life insurance market in 2022?
- What factors are affecting the strength of competition in the United Kingdom non-life insurance market?
- How has the market performed over the last five years?
- Who are the top competitiors in the United Kingdom's non-life insurance market?
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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 9
Market value 9
Market Segmentation 10
Category segmentation 10
Geography segmentation 11
Market share 12
Market Outlook 13
Market value forecast 13
Five Forces Analysis 14
Summary 14
Buyer power 15
Supplier power 17
New entrants 19
Threat of substitutes 21
Degree of rivalry 22
Leading Companies 24
Aviva plc 24
AXA SA 29
Direct Line Insurance Group Plc 34
RSA Insurance Group plc 38
Macroeconomic Indicators 42
Country data 42
Methodology 44
Industry associations 45
Related MarketLine research 45
Appendix 46
About MarketLine 46
List of Tables
Table 1: United Kingdom non-life insurance market value: $ billion, 2013–17
Table 2: United Kingdom non–life insurance market category segmentation: $ billion, 2017
Table 3: United Kingdom non–life insurance market geography segmentation: $ billion, 2017
Table 4: United Kingdom non-life insurance market share: % share, by value, 2017
Table 5: United Kingdom non-life insurance market value forecast: $ billion, 2017–22
Table 6: Aviva plc: key facts
Table 7: Aviva plc: key financials ($)
Table 8: Aviva plc: key financials (£)
Table 9: Aviva plc: key financial ratios
Table 10: AXA SA: key facts
Table 11: AXA SA: key financials ($)
Table 12: AXA SA: key financials (€)
Table 13: AXA SA: key financial ratios
Table 14: Direct Line Insurance Group Plc: key facts
Table 15: Direct Line Insurance Group Plc: key financials ($)
Table 16: Direct Line Insurance Group Plc: key financials (£)
Table 17: Direct Line Insurance Group Plc: key financial ratios
Table 18: RSA Insurance Group plc: key facts
Table 19: RSA Insurance Group plc: key financials ($)
Table 20: RSA Insurance Group plc: key financials (£)
Table 21: RSA Insurance Group plc: key financial ratios
Table 22: United Kingdom size of population (million), 2013–17
Table 23: United Kingdom gdp (constant 2005 prices, $ billion), 2013–17
Table 24: United Kingdom gdp (current prices, $ billion), 2013–17
Table 25: United Kingdom inflation, 2013–17
Table 26: United Kingdom consumer price index (absolute), 2013–17
Table 27: United Kingdom exchange rate, 2013–17
List of Figures
Figure 1: United Kingdom non-life insurance market value: $ billion, 2013–17
Figure 2: United Kingdom non–life insurance market category segmentation: % share, by value, 2017
Figure 3: United Kingdom non–life insurance market geography segmentation: % share, by value, 2017
Figure 4: United Kingdom non-life insurance market share: % share, by value, 2017
Figure 5: United Kingdom non-life insurance market value forecast: $ billion, 2017–22
Figure 6: Forces driving competition in the non-life insurance market in the United Kingdom, 2017
Figure 7: Drivers of buyer power in the non-life insurance market in the United Kingdom, 2017
Figure 8: Drivers of supplier power in the non-life insurance market in the United Kingdom, 2017
Figure 9: Factors influencing the likelihood of new entrants in the non-life insurance market in the United Kingdom, 2017
Figure 10: Factors influencing the threat of substitutes in the non-life insurance market in the United Kingdom, 2017
Figure 11: Drivers of degree of rivalry in the non-life insurance market in the United Kingdom, 2017
Figure 12: Aviva plc: revenues & profitability
Figure 13: Aviva plc: assets & liabilities
Figure 14: AXA SA: revenues & profitability
Figure 15: AXA SA: assets & liabilities
Figure 16: Direct Line Insurance Group Plc: revenues & profitability
Figure 17: Direct Line Insurance Group Plc: assets & liabilities
Figure 18: RSA Insurance Group plc: revenues & profitability
Figure 19: RSA Insurance Group plc: assets & liabilities
