Life Insurance in the UK - IBISWorld Industry Market Research

Life Insurance in the UK

Life Insurance in the UK - IBISWorld Industry Market Research
Life Insurance in the UK
Published Sep 23, 2015
30 pages — Published Sep 23, 2015
Price US$ 875.00  |  Buy this Report Now

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The UK Life Insurance industry has been adversely affected by the aftermath of the financial crisis and recent regulatory changes. As a result, industry revenue is estimated to decline at a compound annual rate of 4.3% over the five years through 2015-16. Industry revenue is highly volatile as it comprises both premium income and investment income. In 2015-16, premium income is estimated to account for 36.4% of industry revenue, while investment income is anticipated to contribute 63.6% of revenue. Weak business confidence levels during the early part of the period and falling real incomes hampered demand.

Industry firms provide life insurance cover and life-based investment products. Life insurance obliges the insurer to pay designated beneficiaries a sum of money in the event of the insured individual suffering death, disablement, serious illness or injury. As with all insurance contracts, exclusions may apply that limit the insurer's liability, such as suicide, riot or war.

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.

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IBISWorld Industry Market Research—IBISWorld is a leading strategic business information provider that offers comprehensive information on more than 700 US industries covering 4,000 individual product segments. They also provide global industry and industry risk rating reports covering Australia, the United Kingdom and China. IBISWorld data offers detailed analysis on growth trends, the competitive environment and key issues. Reports average 30 to 40 pages and contain figures; market characteristics; product, market and service segmentation; industry conditions, current and historical performance analysis; risk scores; industry participants and market share; factors to success; and 5-year forecasts with forecast analysis.

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IBISWorld Industry Market Research. "Life Insurance in the UK" Sep 23, 2015. Alacra Store. Jun 22, 2018. <>
IBISWorld Industry Market Research. (2015). Life Insurance in the UK Sep 23, 2015. New York, NY: Alacra Store. Retrieved Jun 22, 2018 from <>
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