Non-Life Insurance in the UK, Key Trends and Opportunities to 2018

Date: 2015-09

The UKโ€™s non-life insurance segment was the second-largest in the countryโ€™s insurance industry, accounting for 27.3% of the gross written premium in 2013. The UKโ€™s non-life segment was the fourth-largest in the world after the US, Japan and China in terms of gross written premium in 2012. The gross written premium of the non-life segment increased at a compound annual growth rate (CAGR) of 2.1% during the review period (2009โ€“2013). The increase was partly due to countryโ€™s infrastructure development, construction activities for the Olympic Games in 2012, rising car sales, and growing exports. Also, due to heavy flood losses in 2012 and 2013, companies recorded an increase in purchase of property insurance products that supported the growth of property insurance during the review period.


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