The United Kingdom (UK) is undoubtedly one of Europe's largest insurance markets. In 2018, the life and non-life insurance segment registered total expenses amounting to approximately 14.4 and 30.4 billion euros respecively. Expense ratios indicate how total expenses relate to premiums earned. In 2018, the UK was the country with the second lowest life expense ratio in Europe.
Total expenses of the life and non-life insurance companies in the United Kingdom (UK) from 2017 to 2018
(in billion euros)
Characteristic
Life
Non-life
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EIOPA. (January 6, 2020). Total expenses of the life and non-life insurance companies in the United Kingdom (UK) from 2017 to 2018 (in billion euros) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1113197/life-and-non-life-insurance-market-total-expenses-united-kingdom/
EIOPA. "Total expenses of the life and non-life insurance companies in the United Kingdom (UK) from 2017 to 2018 (in billion euros)." Chart. January 6, 2020. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1113197/life-and-non-life-insurance-market-total-expenses-united-kingdom/
EIOPA. (2020). Total expenses of the life and non-life insurance companies in the United Kingdom (UK) from 2017 to 2018 (in billion euros). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1113197/life-and-non-life-insurance-market-total-expenses-united-kingdom/
EIOPA. "Total Expenses of The Life and Non-life Insurance Companies in The United Kingdom (Uk) from 2017 to 2018 (in Billion Euros)." Statista, Statista Inc., 6 Jan 2020, https://www.statista.com/statistics/1113197/life-and-non-life-insurance-market-total-expenses-united-kingdom/
EIOPA, Total expenses of the life and non-life insurance companies in the United Kingdom (UK) from 2017 to 2018 (in billion euros) Statista, https://www.statista.com/statistics/1113197/life-and-non-life-insurance-market-total-expenses-united-kingdom/ (last visited August 25, 2024)
Total expenses of the life and non-life insurance companies in the United Kingdom (UK) from 2017 to 2018 (in billion euros) [Graph], EIOPA, January 6, 2020. [Online]. Available: https://www.statista.com/statistics/1113197/life-and-non-life-insurance-market-total-expenses-united-kingdom/