{"id":948,"date":"2022-04-12T16:06:25","date_gmt":"2022-04-12T16:06:25","guid":{"rendered":"https:\/\/reviewlads.uk\/?p=948"},"modified":"2022-04-12T16:06:26","modified_gmt":"2022-04-12T16:06:26","slug":"insurance-market-statistics","status":"publish","type":"post","link":"https:\/\/reviewlads.uk\/insurance-market-statistics\/","title":{"rendered":"UK Insurance Market Statistics"},"content":{"rendered":"\n

The insurance industry also got its fair share of the pandemic-prompted economic turmoil, but its recovery has been speedy both in the UK and globally. The public has become ever-more conscious about their expenditure, and this also applies while shopping for the best policies. Scroll down to explore our collection of UK insurance market statistics to learn more about changing trends, industry news, and more.<\/p>\n","protected":false},"excerpt":{"rendered":"

The insurance industry also got its fair share of the pandemic-prompted economic turmoil, but its recovery has been speedy both in the UK and globally. The public has become ever-more conscious about their expenditure, and this also applies while shopping for the best policies. Scroll down to explore our collection of UK insurance market statistics […]<\/p>\n","protected":false},"author":3,"featured_media":1219,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_wp_stack_schedule":false,"footnotes":""},"categories":[1],"tags":[],"acf":{"faq":[{"faq-question":"How big is the UK insurance market?","faq_answer":"The general insurance market in the UK amounted to as much as \u00a374 billion in 2021. The UK is also the largest market in terms of total domestic premiums, and the fourth largest in the world, surpassed only by the US, China, and Japan. (IBIS, Statista)"},{"faq-question":"What are the 10 biggest insurance companies in the UK?","faq_answer":"Insurance facts and statistics for the UK market show that Admiral is the largest insurance company in the nation with a market share of over 15%. AXA, Direct Line Group, Aviva, Liverpool Victoria, Hastings, Esure, Ageas, NFU Mutual, and RSA followed suit. (Nimblefins)"},{"faq-question":"What is the largest insurance market in the world?","faq_answer":"The US industry market is the largest in the world with a share of over 40%. China comes second at 10%, followed by Japan at 6%, the UK at 5.38%, and Germany at 4.11%, as reported by general insurance statistics. (Atlas Magazine)"},{"faq-question":"How many people in the UK do not have life insurance?","faq_answer":"Around 37% of the UK public had either bought or thought about purchasing life insurance. By that estimation, 63% of Britons don\u2019t have life insurance or don\u2019t think about getting one. That being said, the pandemic prompted about 11% of the population, 5.8 million people, to get life insurance\u2014if the trend follows the number is likely to go up, UK insurance market statistics and forecasts indicate. (FT Adviser)"}],"white_box_content":"

Insurance Statistics \u2014 Highlights<\/h2>\r\n