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Number of companies operating on the domestic insurance market in the United Kingdom (UK) from 2004 to 2019

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Source

Release date

August 2020

Region

Europe, United Kingdom

Survey time period

2004 to 2019

Supplementary notes

Domestic market: the reported numbers for domestic companies with the head office in the country and branches of non-EU/EEA companies operating on the market.

Citation formats

Companies on the insurance market in the United Kingdom (UK) 2004-2019

Published by Jenny Yang, Aug 5, 2020
The number of insurance companies operating in the United Kingdom has fallen in recent years and fell below *** for the first time in 2019. The UK had the largest insurance market in Europe, and fourth largest globally. Direct premiums written by UK companies, increased between 2017 and 2018 before falling in subsequent years.

Leading insurance companies

In 2016, Prudential Plc was the leading insurance company in the UK in terms of total assets and market value (market capitalization). However, when it comes to the online market, the UK’s largest insurance company did not even list in terms of share of voice.

Employment

In 2020, insurance companies on the domestic market in the UK employed over 100,000 direct employees. The overall number of employees in the insurance market has fluctuated since the financial crisis, despite the overall number of companies decreasing during the same period.
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