From 2008 to 2020, the value of gross written property insurance premiums in the United Kingdom (UK) saw a year-on-year increase, reaching its highest value of approximately 25.1 billion euros in 2020. In comparison, in 2008 which was the year with the lowest value reported, the property insurance companies in the UK conducted almost 13.24 billion euros in gross written premiums, over ten billion less.
Property insurance gross written premiums in the United Kingdom (UK) from 2004 to 2020
(in million euros)
Gross written premiums: Gross premiums written comprise all amounts due during the financial year in respect of insurance contracts regardless of the fact that such amounts may relate in whole or in part to a later financial year, and shall include inter alia: (i) premiums yet to be written, where the premium calculation can be done only at the end of the year; (ii) single premiums; (iii) additional premiums in the case of half-yearly, quarterly or monthly payments and additional payments from policyholders for expenses borne by the insurance undertaking; (iv) in the case of co-insurance, the undertaking's portion of total premiums. The above amounts shall not include the amounts of taxes or charges levied with premiums (from Article 35 of Directive EC 91/674/EEC). Accepted reinsurance is excluded (ie corresponds to direct business).
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Insurance Europe. (August 5, 2022). Property insurance gross written premiums in the United Kingdom (UK) from 2004 to 2020 (in million euros) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/283382/property-insurance-gross-written-premiums-in-the-uk-since-2002/
Insurance Europe. "Property insurance gross written premiums in the United Kingdom (UK) from 2004 to 2020 (in million euros)." Chart. August 5, 2022. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/283382/property-insurance-gross-written-premiums-in-the-uk-since-2002/
Insurance Europe. (2022). Property insurance gross written premiums in the United Kingdom (UK) from 2004 to 2020 (in million euros). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/283382/property-insurance-gross-written-premiums-in-the-uk-since-2002/
Insurance Europe. "Property Insurance Gross Written Premiums in The United Kingdom (Uk) from 2004 to 2020 (in Million Euros)." Statista, Statista Inc., 5 Aug 2022, https://www.statista.com/statistics/283382/property-insurance-gross-written-premiums-in-the-uk-since-2002/
Insurance Europe, Property insurance gross written premiums in the United Kingdom (UK) from 2004 to 2020 (in million euros) Statista, https://www.statista.com/statistics/283382/property-insurance-gross-written-premiums-in-the-uk-since-2002/ (last visited August 25, 2024)
Property insurance gross written premiums in the United Kingdom (UK) from 2004 to 2020 (in million euros) [Graph], Insurance Europe, August 5, 2022. [Online]. Available: https://www.statista.com/statistics/283382/property-insurance-gross-written-premiums-in-the-uk-since-2002/