The report provides in depth market analysis, information and insights into the UK life insurance market, including:
The UK life insurance market's growth prospects by life insurance categories and customer segments
The various distribution channels in the UK life insurance market
The competitive landscape in the UK life insurance market
A description of the life reinsurance market in the UK
Summary
The UK life insurance segment is the largest segment in the UK insurance industry, accounting for 68.1% of total industry premiums in 2011. It is also one of the largest life insurance segments in Europe in terms of gross written premium. During the review period (2007-2011), the impact of the global financial crisis and the European debt crisis resulted in a decline in consumer confidence. This decline then adversely affected long-term insurance products, something that played a key role in the overall decline of the UK life insurance segment during the review period. However, the complete implementation of Solvency II in 2013 is expected to result in market growth.
Scope
This report provides a comprehensive analysis of the life insurance market in the UK:
It provides historical values for the UK life insurance market for the report's 2007-2011 review period and forecast figures for the 2012-2016 forecast period
It offers a detailed analysis of the key sub-segments in the UK life insurance market, along with market forecasts until 2016
It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
It analyses the various distribution channels for insurance products in the UK
Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in UK for life insurance business
It provides a detailed analysis of the reinsurance market in the UK and its growth prospects
It profiles top life insurance companies in the UK, and outlines the key regulations affecting them
Reasons To Buy
Make strategic business decisions using in depth historic and forecast market data related to the UK life insurance market and each sector within it
Understand the demand-side dynamics, key market trends and growth opportunities within the UK life insurance market
Assess the competitive dynamics in the life insurance market, along with the reinsurance segment
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the UK insurance market and its impact on companies and the market's future
Table of Contents
Table of Contents
1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 The UK Insurance Industry Attractiveness
3.1 Insurance Industry Market Size, 2007-2016
3.2 Key Industry Trends and Drivers
3.2.1 Business drivers
3.2.2 Consumer drivers
3.3 Recent Market Developments
4 Life Insurance Segment Outlook
4.1 Life Insurance Growth Prospects by Category
4.1.1 Individual life insurance category
4.1.2 Individual general annuity category
4.1.3 Individual pension category
4.1.4 Individual unit-linked sub-category
4.1.5 Individual term life insurance category
4.1.6 Individual others category
4.1.7 Group life category
4.1.8 Group superannuation insurance category
4.2 Life Insurance Growth Prospects by Consumer Segment
4.2.1 Individual consumer segment
4.2.2 Individual single premium category
4.2.3 Individual non-single premium category
4.2.4 Group consumer segment
4.2.5 Group single premium category
4.2.6 Group non-single premium category
5 Analysis by Distribution Channel
5.1 Direct marketing channel
5.2 Bancassurance channel
5.3 Agencies channel
5.4 Other channel
6 Regulatory Policies
7 Porter's Five Forces Analysis - UK Life Insurance Segment
7.1 Bargaining Power of Supplier: low to medium
7.2 Bargaining Power of Buyer: medium to high
7.3 Barriers to Entry: medium
7.4 Intensity of Rivalry: high
7.5 Threat of Substitutes: medium
8 Reinsurance Growth Dynamics and Challenges
8.1 Reinsurance market size, 2007-2016
8.2 Reinsurance Market Size by Insurance Segment, 2007-2016
9 Competitive Landscape and Strategic Insights
9.1 Overview
9.2 Leading Companies in the UK Life Insurance Segment
9.3 Aviva Plc - Company Overview
9.3.1 Aviva Plc - key facts
9.3.2 Aviva Plc - main products
9.3.3 Aviva Plc - main competitors
9.3.4 Aviva Plc - key employees
9.4 Standard Life plc - Company Overview
9.4.1 Standard Life plc - key facts
9.4.2 Standard Life plc - main products
9.4.3 Standard Life plc - main competitors
9.4.4 Standard Life plc - key employees
9.5 Lloyds Banking Group plc - Company Overview
9.5.1 Lloyds Banking Group plc - key facts
9.5.2 Lloyds Banking Group plc - main products
9.5.3 Lloyds Banking Group plc - main competitors
9.5.4 Lloyds Banking Group plc - key employees
9.6 AEGON UK plc - Company Overview
9.6.1 AEGON UK plc - key facts
9.6.2 AEGON UK plc - main products
9.6.3 AEGON UK plc - main competitors
9.6.4 AEGON UK plc - key employees
9.7 Prudential plc - Company Overview
9.7.1 Prudential plc - key facts
9.7.2 Prudential plc - main products
9.7.3 Prudential plc - main competitors
9.7.4 Prudential plc - key employees
9.8 Legal & General Group Plc - Company Overview
9.8.1 Legal & General Group Plc - key facts
9.8.2 Legal & General Group Plc - main products
9.8.3 Legal & General Group Plc - main competitors
9.8.4 Legal & General Group Plc - key employees
9.9 Zurich Financial Services Ltd - Company Overview
9.9.1 Zurich Financial Services Ltd - key facts
9.9.2 Zurich Financial Services Ltd - main products
9.9.3 Zurich Financial Services Ltd - main competitors
Figure 87: Life Insurance - Written Premium Through Bancassurance (GBP Billion), 2007-2011
Figure 88: Life Insurance - Written Premium Through Bancassurance (GBP Billion), 2011-2016
Figure 89: Life Insurance - Policies Sold Through Bancassurance (Thousand), 2007-2011
Figure 90: Life Insurance - Policies Sold Through Bancassurance (Thousand), 2011-2016
Figure 91: Life Insurance - Number of Bancassurance Distributors, 2007-2011
Figure 92: Life Insurance - Number of Bancassurance Distributors, 2011-2016
Figure 93: Life Insurance - Commission Paid to Agencies (GBP Billion), 2007-2011
Figure 94: Life Insurance - Commission Paid to Agencies (GBP Billion), 2011-2016
Figure 95: Life Insurance - Written Premium Through Agencies (GBP Billion), 2007-2011
Figure 96: Life Insurance - Written Premium Through Agencies (GBP Billion), 2011-2016
Figure 97: Life Insurance - Policies Sold Through Agencies (Thousand), 2007-2011
Figure 98: Life Insurance - Policies Sold Through Agencies (Thousand), 2011-2016
Figure 99: Life Insurance - Number of Agencies, 2007-2011
Figure 100: Life Insurance - Number of Agencies, 2011-2016
Figure 101: Life Insurance - Commission Paid to Other Channels (GBP Billion), 2007-2011
Figure 102: Life Insurance - Commission Paid to Other Channels (GBP Billion), 2011-2016
Figure 103: Life Insurance - Written Premium Through Other Channels (GBP Billion), 2007-2011
Figure 104: Life Insurance - Written Premium Through Other Channels (GBP Billion), 2011-2016
Figure 105: Life Insurance - Policies Sold Through Other Channels (Thousand), 2007-2011
Figure 106: Life Insurance - Policies Sold Through Other Channels (Thousand), 2011-2016
Figure 107: Life Insurance - Number of Distributors in Other Channels, 2007-2011
Figure 108: Life Insurance - Number of Distributors in Other Channels, 2011-2016
Figure 109: UK Life Insurance Segment - Five Forces Analysis
Figure 110: Premium Ceded to Reinsurance by Category (GBP Billion), 2007-2016
Figure 111: Reinsurance Premium Share by Category, 2011 and 2016
Figure 112: Reinsurance Market Dynamics by Category, 2007-2016
Figure 113: Reinsurance Ceded by Insurance Segment (GBP Billion), 2007-2016
Figure 114: Reinsurance Market Dynamics by Insurance Segment, 2007-2016
Figure 115: Life Insurance - Percentage of Reinsurance Ceded (%), 2007-2011
Figure 116: Life Insurance - Percentage of Reinsurance Ceded (%), 2011-2016
Figure 117: Life Insurance Market Share (%), 2010
Figure 118: United Kingdom Business Confidence Indicator, Q12008-Q42011
Figure 119: The London Stock Exchange Market Capitalization (US$ Billion), 2007-2011
Figure 120: United Kingdom GDP at Constant Prices (US$ Billion), 2007-2011
Figure 121: United Kingdom GDP Per Capita at Constant Prices (US$), 2007-2011
Figure 122: United Kingdom GDP at Current Prices (US$ Billion), 2007-2011
Figure 123: United Kingdom GDP Per Capita at Current Prices (US$), 2007-2011
Figure 124: United Kingdom GDP by Key Segments (%) 2007 and 2011
Figure 125: United Kingdom Agricultural Net Output at Current Prices (GBP Billion), 2007-2011
Figure 126: United Kingdom Agricultural Net Output at Current Prices (US$ Billion), 2007-2011
Figure 127: United Kingdom Agricultural Net Output at Current Prices as a Percentage of GDP (%), 2007-2011
Figure 128: United Kingdom Manufacturing Net Output at Current Prices (GBP Billion), 2007-2011
Figure 129: United Kingdom Manufacturing Net Output at Current Prices (US$ Billion), 2007-2011
Figure 130: United Kingdom Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007-2011
Figure 131: United Kingdom Mining, Manufacturing and Utilities Net Output at Current Prices (GBP Billion), 2007-2011
Figure 132: United Kingdom Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007-2011
Figure 133: United Kingdom Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007-2011
Figure 134: United Kingdom Construction Net Output at Current Prices (GBP Billion), 2007-2011
Figure 135: United Kingdom Construction Net Output at Current Prices (US$ Billion), 2007- 2011
Figure 136: United Kingdom Construction Output at Current Prices as a Percentage of GDP (%), 2007-2011
Figure 137: United Kingdom Inflation Rate (%), 2007-2011
Figure 138: United Kingdom Current Account Balance as a Percentage of GDP(%), 2007-2011
Figure 139: United Kingdom Exports as a Percentage of GDP (%), 2007-2011
Figure 140: United Kingdom Imports as a Percentage of GDP (%), 2007-2011
Figure 141: United Kingdom Exports Growth (%), 2007-2011
Figure 142: United Kingdom Imports Growth (%), 2007-2011
Figure 143: United Kingdom Annual Average Exchange Rate US$-GBP, 2007-2011
Figure 144: United Kingdom End-of-Period Exchange Rate US$-GBP, 2007-2011
Figure 145: United Kingdom Airports and Sea Ports (Number), 2011
Figure 146: United Kingdom Railways and Roadways (Kilometers), 2011
Figure 147: United Kingdom Passenger Vehicle Production, 2007-2011
Figure 148: United Kingdom Commercial Vehicle Production, 2007-2011
Figure 149: United Kingdom Automotive Component Exports (US$ Billion), 2007-2011
Figure 150: United Kingdom Automotive Component Imports (US$ Billion), 2007-2011
Figure 151: United Kingdom Passenger Car Penetration (per thousand people), 2007-2011
Figure 152: United Kingdom Healthcare Expenditure (US$ Billion), 2007-2011
Figure 153: United Kingdom Healthcare Expenditure as a Percentage of GDP (%), 2007-2011
Figure 154: United Kingdom Per Capita Healthcare Expenditure (US$), 2007-2011
Figure 155: United Kingdom Internet Subscriptions (Millions), 2007-2011
Figure 156: United Kingdom Size of Labor Force in 15-59 Age Group (Million), 2007-2011
Figure 157: United Kingdom Unemployment Rate (%), 2007-2011
Figure 158: United Kingdom Annual Disposable Income (US$ Billion), 2007-2011
Figure 159: United Kingdom Annual Per Capita Disposable Income (US$), 2007-2011
Figure 160: United Kingdom Total Population (Million), 2007-2011
Figure 161: United Kingdom Urban and Rural Population (%), 2007-2011
Figure 162: United Kingdom Female as Percentage of Population (%), 2007-2011
Figure 163: United Kingdom Male as Percentage of Population (%), 2007-2011
Figure 164: United Kingdom Mean Age of Population (Year), 2007-2011
Figure 165: United Kingdom Median Age of Population (Year), 2007-2011
Figure 166: United Kingdom Population Density (per Square Kilometer), 2007-2011
Figure 167: United Kingdom Population Distribution by Age (%), 2007-2011
Figure 168: United Kingdom Male Population Distribution by Age (%), 2007-2011
Figure 169: United Kingdom Female Population Distribution by Age (%), 2007-2011
Figure 170: United Kingdom Households, Number of (Million), 2007-2011
Figure 171: Global Terrorism Heat Map, 2011
Figure 172: United Kingdom Transparency Index, 2007-2011
Life Insurance in the UK, Key Trends and Opportunities to 2016 published by Timetric in May 3, 2012. This report consists of Pages: 222 and the price starts from US $ 1950.