Motor insurance: Gross written premiums in the United Kingdom (UK) 2004-2018

Motor insurance is a large part of the property and casualty insurance business in the United Kingdom (UK). From 2008 to 2018, there has been an increase in the gross written motor insurance premiums in the UK. In 2018, insurance companies recorded over 20.7 billion euros in gross written motor insurance premiums on the domestic market, approximately seven billion euros more compared with 2008.

Motor insurance gross written premiums in the United Kingdom (UK) from 2004 to 2018

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Source

Release date

September 2019

Region

United Kingdom

Survey time period

2004 to 2018

Supplementary notes

* Data in constant exchange rate.

Gross written premiums: Gross premiums written comprise all amounts due during the financial year in respect of insurance contracts regardless of the fact that such amounts may relate in whole or in part to a later financial year, and shall include inter alia: (i) premiums yet to be written, where the premium calculation can be done only at the end of the year; (ii) single premiums; (iii) additional premiums in the case of half-yearly, quarterly or monthly payments and additional payments from policyholders for expenses borne by the insurance undertaking; (iv) in the case of co-insurance, the undertaking's portion of total premiums. The above amounts shall not include the amounts of taxes or charges levied with premiums (from Article 35 of Directive EC 91/674/EEC). Accepted reinsurance is excluded (ie corresponds to direct business).

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