2. The UK Life and Non-Life Insurance Market Size by Value,

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2 TABLE OF CONTENTS 1. The UK Insurance Market Introduction 2. The UK Life and Non-Life Insurance Market Size by Value, The UK Life and Non-Life Insurance Density, Premium Per Capita, USD, The UK Life and Non-Life Insurance Penetration, Premium as a % of GDP, The UK Insurance Market Segmentation by Product, 2009 and 5.1. The UK Motor Insurance Market Size by Value, The UK Health Insurance Market Size by Value, The UK Property Insurance Market Size by Value, The UK Life and Non-Life Insurers Investment Portfolio, USD Million, The UK Insurance Premium Segmentation on the Basis of Distribution Channel, in Percentage, The UK Life Insurance Premium Segmentation on the Basis of Distribution Channel, in Percentage, The UK Non-Life Insurance Premium Segmentation on the Basis of Distribution Channel, in Percentage, Number of Insurance Companies in the UK, Headcount in the UK Insurance Sector, The UK Insurance Competitive Landscape The UK Life Insurance Competitive Landscape, The UK Non-Life Insurance Competitive Landscape, The UK Insurance Market Future Outlook 12. Appendix Market Definition Abbreviations Disclaimer 2

3 LIST OF FIGURES Figure 1: The UK Market Size by Value of Life and Non-Life Insurance Market in USD Million, on the basis of Gross Figure 2: The UK Life and Non Life Insurance Density, Premium per Capita, in USD, Figure 3: The UK Life and Non Life Insurance Penetration, Premium as a Percentage of GDP, Figure 4: The UK Insurance Market Segmentation by Product in Percentage on the basis of Gross Insurance Premium Written, 2009 Figure 5: The UK Insurance Market Segmentation by Product in Percentage on the basis of Gross Insurance Premium Written, Figure 6: The UK Motor Insurance Market Size in USD Million, on the basis of Gross Figure 7: The UK Health Insurance Market Size in USD Million, on the basis of Gross Figure 8: The UK Property Insurance Market Size in USD Million, on the basis of Gross Figure 9: The UK Life and Non-life Insurers Contribution in the Total Investment Portfolio, in Percentage, Figure 10: The UK Life Insurance Premium Segmentation on the Basis of Distribution Channel, in Percentage, 2008 Figure 11: The UK Non-Life Insurance Premium Segmentation on the Basis of Distribution Channel, in Percentage, 2008 Figure 12: The Total Number of Insurance Companies in the UK, Figure 13: The Total Number of Employees in the Insurance Sector in the UK, Figure 14: The UK Market Share of Major Life Insurers on the basis of Gross Insurance Premium Written, in Percentage, 2008 Figure 15: The UK Market Share of Major Non-Life Insurers on the basis of Gross Insurance Premium Written, in Percentage,

4 LIST OF TABLES Table 1: The UK Market Size by Value of Life and Non-Life Insurance Market in USD Million, on the basis of Gross Table 2: The UK Life and Non Life Insurance Density, Premium per Capita, in USD, Table 3: The UK Life and Non Life Insurance Penetration, Premium as a Percentage of GDP, Table 4: The UK Motor Insurance Market Size in USD Million, on the basis of Gross Table 5: The UK Health Insurance Market Size in USD Million, on the basis of Gross Table 6: The UK Property Insurance Market Size in USD Million, on the basis of Gross Table 7: The UK Life and Non-life Insurers Contribution in the Total Investment Portfolio, in USD Million, Table 8: The Total Number of Insurance Companies in the UK, Table 9: The Total Number of Employees in the Insurance Sector in the UK, Table 10: The UK Market Share of Major Life Insurers on the basis of Gross Insurance Premium Written, in USD Million, 2008 Table 11: The UK Market Share of Major Non-Life Insurers on the basis of Gross Insurance Premium Written, in USD Million,

5 THE UK INSURANCE MARKET THE UK LIFE AND NON-LIFE INSURANCE MARKET SIZE BY VALUE, The life gross premium is expected to increase from 2009 onwards till. The premium is expected to increase from USD ~ million in 2009 to USD ~ million in at CAGR of ~%. The growth observed in non-life premium is expected to be comparatively less than that was observed in life premium. It is likely that gross non-life premium would grow at a CAGR of ~% from USD ~ million in 2009 to USD ~ million by. The total insurance premium is also expected to increase continuously till and reach USD ~ million. Figure: The UK Market Size by Value of Life and Non-Life Insurance Market in USD Million, on the basis of Gross 600,000 Gross Insurance Premium Written (USD million) 500, , , , , Life Insurance Non-Life Insurance Source: Swiss Re, AM Mindpower Solutions THE UK INSURANCE MARKET SEGMENTATION BY PRODUCT, 2009 AND By, life insurance is expected to generate a premium of USD ~ million. Property insurance is expected to contribute USD ~ million closely followed by motor insurance with 5

6 USD ~ million. Health insurance with a contribution of USD ~ million would be another major sub sector contributing to the insurance industry. Other non-life insurance would also emerge as one of the main contributors with a premium of USD ~ million. Figure: The UK Insurance Market Segmentation by Product in Percentage on the basis of Gross Insurance Premium Written, Life Motor Property Health Other non-life Source: AM Mindpower Solutions THE UK HEALTH INSURANCE MARKET The health insurance also increased from USD ~ million in 2001 to USD ~ million in The health insurance also decreased in 2008 and 2009 because of economic depression. The CAGR during this period increased registered was ~%. In the near future the premium is expected to increase from 2009 onwards. The premium is expected to increase at a CAGR of ~% from USD ~ million to USD ~ million in. Though the consolidation activity of mergers and acquisitions in the UK has led to a decline in the total number of private health insurance companies from ~ in 2003 to ~ in 2008, the number of individual covered has risen. 6

7 Figure: The UK Health Insurance Market Size in USD Million, on the basis of Gross 12,000 Gross Insurance Premium Written (USD million) 10,000 8,000 6,000 4,000 2, Health Insurance Source: AM Mindpower Solutions THE UK INSURANCE COMPETITIVE LANDSCAPE THE UK NON-LIFE INSURANCE COMPETITIVE LANDSCAPE, 2008 In case of non-life also, Aviva was the leader with a market share of ~%, followed by RBS Insurance with ~% of the market. AIG and Axa both hold ~% of the market and are jointly ranked as the third largest player. With ~% of the market, Royal & Sun Alliance is the fourth largest player. Zurich UKGI is another major player with a market share of ~%. Other players such as BUPA, Munich Re, Allianz, and HBOS also held a significant share in the UK insurance market. Other non-life players also held more than half of the insurance market. 7

8 Figure: The UK Market Share of Major Non-Life Insurers on the basis of Gross Insurance Premium Written, in Percentage, Aviva RBS Insurance AIG Axa Royal & Sun Alliance Zurich UKGI BUPA Munich Re Allianz HBOS Others Source: Insurance Information Institute, III.org 8

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