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Non-life insurance industry in the United Kingdom (UK) - statistics & facts

Non-life insurance, otherwise called general insurance, includes insurance policies that provide a guarantee of compensation for loss, damage or illness. The United Kingdom (UK) was the largest non-life insurance market in Europe as of 2019, with total gross premiums written valued at over 100 billion euros. Insurance is highly specific to the country of operation. In the UK, where almost all people have access to the National Healthcare Service (NHS), private health insurance is a relatively small portion of the insurance market. Property and motor, on the other hand, take up considerable market shares. In 2019, the leading general insurance brands in the UK were Direct Line, Liverpool Victoria, and Churchill, ranked by Buzz score.

Non-life insurance segments

Property or home insurance provides protection or liability coverage for property owners. There are numerous insurance products within this broad insurance category, but overall they can be divided into home, content and combined insurance. The UK’s share of the property insurance segment in Europe amounted for nearly one-quarter, with gross written property insurance premiums worth over 20 billion euros. Similarly, that year gross written premiums from general liability insurance in the UK reached over 15 billion euros. General liability insurance, also known as business liability insurance, is a type of non-life insurance that covers “general” claims involving bodily injury or property damage that happen as a result of normal workday operations. In 2019, claims paid out by general liability insurance companies in the amounted to a value of over ten billion euros.

Non-life investment market and insurance density

The UK non-life insurance market accounted for nearly ten percent of the European insurers’ investment market share in 2019. That same year, the investment portfolio of UK non-life insurers had reached close to 135 billion euros. While insurance investments are generally more concentrated in the life insurance segment in the UK, in 2019 the investment value of non-life UK insurance companies totaled nearly 70 billion euros. Another way of evaluating the non-life insurance market is by looking at insurance density, which refers to the annual amount paid by each citizen if all UK citizens had that type of insurance, and is represented by insurance premiums per capita. For instance, the was 245 euros in 2019, while the property insurance density in the UK reached 361 euros in property insurance premiums per capita.

Interesting statistics

In the following 6 chapters, you will quickly find the 30 most important statistics relating to "Non-life insurance industry UK".

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