United Kingdom (UK) Non-Life Insurance Market to 2027

United Kingdom (UK) Non-Life Insurance Market to 2027


Summary
Non-Life Insurance in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
  • The UK non-life insurance market had total gross written premiums of $86.4 billion in 2022, representing a compound annual growth rate (CAGR) of 4% between 2017 and 2022.
  • The motor segment accounted for the market's largest proportion in 2022, with total gross written premiums of $24.2 billion, equivalent to 28% of the market's overall value.
  • The inflationary pressure in 2023 resulted in high interest rates which in turn impacted insurers' profitability through a rise in claim costs.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in the United Kingdom
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in the United Kingdom
  • Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the United Kingdom non-life insurance market with five year forecasts by both value and volume
Reasons to Buy
  • What was the size of the United Kingdom non-life insurance market by value in 2022?
  • What will be the size of the United Kingdom non-life insurance market in 2027?
  • What factors are affecting the strength of competition in the United Kingdom non-life insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitors in the United Kingdom's non-life insurance market?


1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. What are the strengths of the leading players?
8 Company Profiles
8.1. Aviva Plc
8.2. AXA SA
8.3. RSA Insurance Group Ltd
8.4. Direct Line Insurance Group Plc
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: United Kingdom non-life insurance market value: $ billion, 2017–22
Table 2: United Kingdom non–life insurance market category segmentation: % share, by value, 2017–2022
Table 3: United Kingdom non-life insurance market category segmentation: $ billion, 2017-2022
Table 4: United Kingdom non–life insurance market geography segmentation: $ billion, 2022
Table 5: United Kingdom non-life insurance market value forecast: $ billion, 2022–27
Table 6: United Kingdom non-life insurance market share: % share, by value, 2022
Table 7: Aviva Plc: key facts
Table 8: Aviva Plc: Annual Financial Ratios
Table 9: Aviva Plc: Key Employees
Table 10: Aviva Plc: Key Employees Continued
Table 11: AXA SA: key facts
Table 12: AXA SA: Annual Financial Ratios
Table 13: AXA SA: Key Employees
Table 14: AXA SA: Key Employees Continued
Table 15: AXA SA: Key Employees Continued
Table 16: RSA Insurance Group Ltd: key facts
Table 17: RSA Insurance Group Ltd: Key Employees
Table 18: RSA Insurance Group Ltd: Key Employees Continued
Table 19: Direct Line Insurance Group Plc: key facts
Table 20: Direct Line Insurance Group Plc: Annual Financial Ratios
Table 21: Direct Line Insurance Group Plc: Key Employees
Table 22: United Kingdom size of population (million), 2018–22
Table 23: United Kingdom gdp (constant 2005 prices, $ billion), 2018–22
Table 24: United Kingdom gdp (current prices, $ billion), 2018–22
Table 25: United Kingdom inflation, 2018–22
Table 26: United Kingdom consumer price index (absolute), 2018–22
Table 27: United Kingdom exchange rate, 2018–22
List of Figures
Figure 1: United Kingdom non-life insurance market value: $ billion, 2017–22
Figure 2: United Kingdom non-life insurance market category segmentation: $ billion, 2017-2022
Figure 3: United Kingdom non–life insurance market geography segmentation: % share, by value, 2022
Figure 4: United Kingdom non-life insurance market value forecast: $ billion, 2022–27
Figure 5: Forces driving competition in the non-life insurance market in the United Kingdom, 2022
Figure 6: Drivers of buyer power in the non-life insurance market in the United Kingdom, 2022
Figure 7: Drivers of supplier power in the non-life insurance market in the United Kingdom, 2022
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in the United Kingdom, 2022
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in the United Kingdom, 2022
Figure 10: Drivers of degree of rivalry in the non-life insurance market in the United Kingdom, 2022
Figure 11: United Kingdom non-life insurance market share: % share, by value, 2022

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