Average life and accident insurance premiums online in the UK 2018-2024

One of the perceived future benefits of buying insurance online, other than far more individualized policies, faster processing's, more accurate risk assessments and a better overall customer experience is that with the use of digital data, average premiums for individuals will fall. Statista estimates that the overall average cost of online premiums in the life, annuities and payment protection insurance industries will fall by over 10 British pounds between 2018 and 2024.

To learn more about the future of the B2C digital insurance industry in the UK, read our in-depth DossierPlus.