Written insurance premiums in the UK 2009-2025, by business class

This statistic illustrates the value of premiums written on the United Kingdom (UK) insurance market from 2009 to 2013, and a forecast thereof for the period of 2014 to 2025. The displayed data is divided by class of business into the following insurance areas: motor, property, general liability (includes all liability other than motor vehicle, aircraft and ships liability), other non-life and MAT (marine, aviation, transit). At the end of 2013, gross premiums written by property insurance companies amounted to approximately 10.87 billion British pounds. Premiums from this business class were estimated to grow to the level of 19.25 billion British pounds by the end of 2025. The largest share of total premiums value was attributable to motor insurance in each year under observation, with total motor premiums value expected to more than double between 2009 and 2025, to a value of almost 23.7 billion British pounds. This predicted growth in the motor insurance sector is further emphasized by the value of the motor vehicle reinsurance sector in the United Kingdom over the same time period.

Value of premiums written on the United Kingdom (UK) insurance market from 2009 to 2025, by major classes of business

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Source

Release date

December 2014

Region

Europe

Survey time period

2009 to 2013

Supplementary notes

* Estimate.

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