The overall number of insurance companies in the United Kingdom fell by about ** between 2018 and 2021. As of 2023, there were *** UK-based insurance companies, and *** of them operated within the non-life pure sector. A total of ** companies were involved in the non-SII sector and ** in the life pure insurance sector.

Between 2013 and 2023, the total of all general liability insurance claims paid in the United Kingdom (UK) grew significantly. Starting at less than a quarter of a billion British pounds in 2013, it surpassed 10 billion British pounds in 2023. In 2023, the most money paid for the claims with the underwriting year 2021, amounting over 1.8 billion British pounds.

In the early hours of a chilly January morning, a small manufacturing company in Ohio found itself locked out of its systems. A ransomware attack had paralyzed operations. Yet, unlike many similar victims, they bounced back, quickly and cleanly. Why? Cyber insurance. In 2025, stories like this have become increasingly...

The UK Travel Insurance Market is Segmented by Insurance Type (Single Trip, Annual Multi-Trip, and More), Coverage Type (Baggage, Medical Only, Trip Cancellation and More), Distribution Channel (Online, Direct, Insurance Broker and More), Destination Coverage (European Coverage, Worldwide Coverage, Domestic), and End Users (Individual, Families, Corporate). The Market Forecasts are Provided in Terms of Value (USD).

One of the perceived future benefits of buying insurance online, other than more individualized policies, faster processing and risk assessment and a better overall customer experience is that, with the use of digital data, average premiums for individuals will fall. One way in which insurtech companies are looking to improve on mitigating risks and enhancing customer experience in the motor insurance industry is through telematics. Telematics is an offset of information technology that deals with the transmission of digital computerized information. Already, motor insurance is becoming less about customer demographics but by individual behavior, using real time data collected from your vehicle. Where and when you drive, what the traffic is like where you drive, how fast and often you drive are some of the data points that can determine how much you will pay for car insurance in the near future. Statista estimates that the overall average cost of online premiums for motor insurance will decrease between 2018 and 2024. To learn more about the future of the B2C digital insurance industry in the UK, read our in-depth report.

The UK Travel Insurance Market is projected to reach at USD 3.16 Bn by 2030, driven by the growth in the overseas travel.

Market Size and Growth: The UK health and medical insurance market is in a state of steady growth, with a projected CAGR of 4.56% from 2025 to 2033. The market size is estimated to be 8.17 million in 2025, with a value unit of millions. Key drivers behind this growth include rising healthcare costs, increased awareness of health and well-being, and the aging population. Trends and Segments: The market has witnessed several trends, including the growing popularity of private medical insurance, the emergence of healthcare cash plans, and the rise of dental insurance plans. The market is segmented based on product type (private medical insurance, healthcare cash plans, dental insurance plans) and procurement type (self-pay health coverage, employee-sponsored health coverage). Major players in the market include BUPA, AXA PPP, PT Astra Aviva Life, and Freedom Health Insurance. The report provides regional data for North America, South America, Europe, Middle East & Africa, and Asia Pacific. Publisher: [Market Research Company Name] Publish Date: [Month, Year] Number of Pages: [Number] Price: [Amount] The UK Health And Medical Insurance Market report presents a comprehensive analysis of the market including statistics, forecasts, competitive landscape, and trends. The report provides an in-depth look at the market's key segments, including product types, application, and end-user. The report also examines the market's major drivers and challenges and provides insights into the market's future prospects. Recent developments include: On November 2022, in partnership with online platform JAAQ in a six-month trial for boosting access to personalised expert-led health advice online. This adds to Bupa's mental health support which provides ongoing, around-the-clock support for a wealth of mental health conditions, such as anxiety, depression and addiction., On February 2022, AXA UK&I acquired renewable rights to Ageas UK's commercial business at an initial consideration of 47.5 million GBP. This acquisition will strengthen AXA's growth strategy and commitment to its commercial business customers and broker partnerships, particularly in the SME and Schemes market segments. As part of the agreement, around 100 Ageas UK employees will move to AXA Commercial to provide ongoing support and service delivery.. Notable trends are: Global Economic Slowdown and Better Government Insurance Services Affecting the United Kingdom Health and Medical Insurance.

Market Size statistics on the General Insurance industry in the UK

Autobi(Automobile Bodily Injury Claims) -

The data contains information on demographic information about the claimant, attorney involvement and the economic loss (LOSS, in thousands), among other variables.The full data contains over 70,000 closed claims based on data from thirty-two insurers.

A data frame with 1340 observations on the following 8 variables.

CASENUM- Case number to identify the claim, a numeric vector ATTORNEY- Whether the claimant is represented by an attorney (=1 if yes and =2 if no), a numeric vector CLMSEX - Claimant's gender (=1 if male and =2 if female), a numeric vector MARITAL- claimant's marital status (=1 if married, =2 if single, =3 if widowed, and =4 if divorced/separated), a numeric vector CLMINSUR- Whether or not the driver of the claimant's vehicle was uninsured (=1 if yes, =2 if no, and =3 if not applicable), a numeric vector SEATBELT- Whether or not the claimant was wearing a seatbelt/child restraint (=1 if yes, =2 if no, and =3 if not applicable), a numeric vector CLMAGE- Claimant's age, a numeric vector LOSS- The claimant's total economic loss (in thousands), a numeric vector

AutoClaims(Automobile Insurance Claims) -

A data frame with 6773 observations on the following 5 variables.

STATE CLASS - Rating class of operator, based on age, gender, marital status, use of vehicle GENDER AGE - Age of operator PAID - Amount paid to settle and close a claim

AutoCollision(Automobile UK Collision Claims)

8,942 collision losses from private passenger United Kingdom (UK) automobile insurance policies. The average severity is in pounds sterling adjusted for inflation.

A data frame with 32 observations on the following 4 variables.

Age - Age of driver Vehicle_Use - Purpose of the vehicle use Severity - Average amount of claims Claim_Count - Number of claims

Additional information can be found in the document: https://cran.r-project.org/web/packages/insuranceData/index.html

Number of Businesses statistics on the General Insurance industry in the UK

This article illustrates the key areas of change that the new insurance estimates affect within the UK National Accounts. Source agency: Office for National Statistics Designation: National Statistics Language: English Alternative title: New Insurance Data and Methods (1997-2008)

Quarterly net investment, income and expenditure by insurance companies, self-administered pension funds, investment, unit and property unit trusts.

It is estimated that in the United Kingdom (UK), the number of new policies (B2C) in the life, annuities and payment protection insurance industry will have fallen by approximately ************ policies between 2018 and 2024.Although still decreasing, the overall share of life, annuities and payment protection insurance policies taken out online has been forecast to grow slightly during this period by *** percent. To learn more about the future of the B2C digital insurance industry in the UK, read our in-depth report.

The FCA's third full year of general insurance (GI) value measures data covers January 2024 to December 2024. The FCA publishes this data annually to drive transparency in the market and to provide firms, consumer groups and other stakeholders common indicators of value across a range of general insurance products. These indicators include claims frequency, claims acceptance rates, average claims payout, claim complaints rate, and the proportion of premiums paid out in claims. This publication is a factual summary only. The data is not designed to directly support consumers when making decisions about insurance products. The data is historic so may not reflect products and prices available today. If consumers have questions about the value of their insurance products, they should raise these with their insurer or broker directly. It is important that consumers understand what cover they are getting – have confidence that it provides fair value and that they are treated fairly when making a claim. Key points:

The FCA's second full year of general insurance value measures data covers January to December 2023. The data provides firms, market commentators and organisations such as consumer groups with common indicators of value across a range of GI products. By publishing this information, the FCA aims to create incentives for firms to compete on broader elements of product value rather than price alone, and to improve the value of the products and services they offer consumers. The data is not designed to directly support consumers while they are making decisions about insurance products. The data is historic so may not reflect products and prices available today. If consumers have questions about the value of their insurance products, they should raise these with their insurer or broker directly. It is important that consumers understand what cover they are getting – and firms must make that clear to consumers during the sales journey. The data includes firm-specific information on claims frequencies, claims acceptance rates, average claims pay-outs and claims complaints as a proportion of claims, for a wide range of retail GI products. Firms are required to report for relevant products sold to consumers in the UK where total retail premiums (written) are above £400,000 in the reporting period, and where there are more than 3,000 policies in force during the reporting period. The FCA is publishing data about individual firms where the same reporting threshold is met at a granular product level. At an aggregated product level, where a minimum of 5 firms reported data, and the data met our standards required for publication: Claims costs as a proportion of premium range from 10% for GAP insurance (Add-on) to 72% for healthcare cash plan (All). There has been modest improvement among some of the products with the lowest proportion of claims costs to premiums written. However, they remain low relative to other insurance products. Claims costs as a proportion of premium were 56% for motor insurance and 45% for home insurance (buildings and contents combined). This is a drop compared to 2022 (when they were 64% and 50% respectively).

United States Exports: Services: UK: Insurance: Reinsurance data was reported at 2.264 USD bn in 2016. This records an increase from the previous number of 2.241 USD bn for 2015. United States Exports: Services: UK: Insurance: Reinsurance data is updated yearly, averaging 1.040 USD bn from Dec 1999 (Median) to 2016, with 18 observations. The data reached an all-time high of 2.264 USD bn in 2016 and a record low of 532.000 USD mn in 2000. United States Exports: Services: UK: Insurance: Reinsurance data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.JA027: Trade Statistics: Services: United Kingdom.