Total expenses insurance firms United Kingdom 2017-2018, by segment

Published by Jennifer Rudden, Dec 7, 2022
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)

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Release date

2020

Region

United Kingdom

Survey time period

2017 and 2018

Supplementary notes

Exchange rate conversions to EUR using ECB exchange rates as of reference date.

The data covers European (re)insurance undertakings reporting regularly under Solvency II.

The tables refer to data as of the calendar year or quarter, not necessarily the financial year or quarter of each underlying undertaking or group.

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