Home insurance is an important segment of the General Insurance industry (IBISWorld report K65.120) in the United Kingdom, since it accounts for the second-largest share of premium income, behind only motor insurance. The industry generates income from two key sources: premium income and investment income. In 2015-16, premium income is estimated to account for 85.4% of total revenue, while investment income is expected to account for the remainder. Premium income refers to net premium income.
Companies in this industry underwrite home insurance policies. This means they assume the risk for the insurance and decide the appropriate premium. These policies protect against loss of or damage to property and contents due to theft, fire and other causes.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.