United Kingdom (UK) property insurance: gross written premiums 2004-2018

From 2008 to 2018, the value of gross written property insurance premiums in the United Kingdom (UK) saw a year-on-year increase, reaching its highest value of approximately 24.2 billion euros in 2018. In comparison, in 2008 which was the year with the lowest value reported, the property insurance companies in the UK conducted almost 13.24 billion euros in gross writtten premiums, over ten billion less.

Property 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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