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Insurance and financial planning professionals in the UK make a huge difference to our economy and society.

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.

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st: The UK is the largest market in Europe and 4th in the world after the US, China and Japan

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bn pounds (£30.5bn non-life & £119.6bn life) net premium income – 21.2% of the European total premium income.

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people employed by the insurance and financial planning profession. 925 non-life providers. 357 life and long-term savings providers.

 

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bn pounds contribution to the economy in taxes and £35bn to the GDP

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pounds per person paid in 2015 in pension benefits and claims

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was when Britain was the first non-islamic country to issue a Sharia-compliant bond, Sukuk.

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percent  presented protection claims were paid out in 2016.

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is when London maintained its position as leading global financial hub followed by New York, Hong Kong, Singapore and Tokyo.

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percent: property and motor insurance account for more than 50% of the non-life written premiums.

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percent estimated contribution of London Market to the UK’s GDP in 2015.

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bn dollars: The London Market is the largest global centre for commercial and speciality risk, controlling more than $91.bn in GWP in 2015.

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million: population. £1,940bn: GDP. £29,287: Real GDP Per Capita.

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