The life insurance market share in terms of gross premium in the United Kingdom saw a decrease of roughly seven percent in 2022 in comparison to the previous year 2021, resting at around 63.4 percent. This marked the third consecutive decline of the market share. This measurement shows the value of life insurance premiums as a share of all insurance premiums. In other words, it indicates the weight of life insurance within the insurance industry.
Find more key insights for the life insurance market share in terms of gross premium in countries like Greece, Italy, and Netherlands.
Market share of life insurance business in terms of gross premiums in the United Kingdom (UK) from 2007 to 2022
Further information from the source: 'This is the ratio of gross life insurance premium to total gross premium, which measures the relative importance of life insurance as compared to non-life insurance.' The source does not provide a release date. Release date given is the date the data were accessed.
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OECD. (May 26, 2024). Market share of life insurance business in terms of gross premiums in the United Kingdom (UK) from 2007 to 2022 [Graph]. In Statista. Retrieved May 03, 2025, from https://www.statista.com/statistics/662640/life-insurance-market-share-united-kingdom-uk/
OECD. "Market share of life insurance business in terms of gross premiums in the United Kingdom (UK) from 2007 to 2022." Chart. May 26, 2024. Statista. Accessed May 03, 2025. https://www.statista.com/statistics/662640/life-insurance-market-share-united-kingdom-uk/
OECD. (2024). Market share of life insurance business in terms of gross premiums in the United Kingdom (UK) from 2007 to 2022. Statista. Statista Inc.. Accessed: May 03, 2025. https://www.statista.com/statistics/662640/life-insurance-market-share-united-kingdom-uk/
OECD. "Market Share of Life Insurance Business in Terms of Gross Premiums in The United Kingdom (Uk) from 2007 to 2022." Statista, Statista Inc., 26 May 2024, https://www.statista.com/statistics/662640/life-insurance-market-share-united-kingdom-uk/
OECD, Market share of life insurance business in terms of gross premiums in the United Kingdom (UK) from 2007 to 2022 Statista, https://www.statista.com/statistics/662640/life-insurance-market-share-united-kingdom-uk/ (last visited May 03, 2025)
Market share of life insurance business in terms of gross premiums in the United Kingdom (UK) from 2007 to 2022 [Graph], OECD, May 26, 2024. [Online]. Available: https://www.statista.com/statistics/662640/life-insurance-market-share-united-kingdom-uk/