Total expenses insurance firms United Kingdom 2017-2018, by segment
Expense ratios indicate how total expenses relate to premiums earned. In 2018, the UK was the country with the second lowest life expense ratio in Europe.
The United Kingdom (UK) is undoubtedly one of Europe's largest insurance markets. In 2018, the life and non-life insurance segment registered total expenses amounting to approximately 14.4 and 30.4 billion euros respecively.