In its simplest terms the insurance industry can be broken down into two main categories: life and non-life insurance. The life insurance sector provides coverage not only in the event of death, but also for other major, life-changing events such as disability or terminal illness. Conversely, the non-life sector includes insurances to do with property damage, insurances for businesses, as well as private health insurance (on most definitions). In 2019, gross life insurance premiums written by the UK life insurance sector amounted to over 175 billion British pounds. Europe as a whole had total premiums written for life insurance of roughly 700 billion euros. The UK saw a further 110 billion euros in non-life insurance premiums written, the second-highest value of premiums written among European countries.
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In the following 6 chapters, you will quickly find the 39 most important statistics relating to "Insurance industry UK".