Insurance and financial planning professionals in the UK make a huge difference to our economy and society.
They build greater resilience amongst households and businesses, by helping them to save for the future and by protecting them from a huge range of risks. In doing so, they pave the way for growth across the economy. As a global financial hub, the UK leads the way in insurance and financial services expertise, contributing vital income to the UK in the process.
st: The UK is the largest market in Europe and 4th in the world after the US, China and Japan
bn pounds (£30.5bn non-life & £119.6bn life) net premium income – 21.2% of the European total premium income.
people employed by the insurance and financial planning profession. 925 non-life providers. 357 life and long-term savings providers.
bn pounds contribution to the economy in taxes and £35bn to the GDP
pounds per person paid in 2015 in pension benefits and claims
was when Britain was the first non-islamic country to issue a Sharia-compliant bond, Sukuk.
percent presented protection claims were paid out in 2016.
is when London maintained its position as leading global financial hub followed by New York, Hong Kong, Singapore and Tokyo.
percent: property and motor insurance account for more than 50% of the non-life written premiums.
percent estimated contribution of London Market to the UK’s GDP in 2015.
bn dollars: The London Market is the largest global centre for commercial and speciality risk, controlling more than $91.bn in GWP in 2015.
million: population. £1,940bn: GDP. £29,287: Real GDP Per Capita.