United Kingdom : Financial Sector Assessment Program-Insurance Sector-Technical Note

Publication Date: June 17, 2016
Electronic Access: Free Full text (PDF file size is 754KB).
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Summary: The U.K. has one of the deepest, most developed insurance markets in the world. The U.K.’s life insurance premium accounts for almost 9 percent of the world’s life insurance premium and 5.5 percent of the world nonlife premium. Insurance penetration is 50 percent higher than in the European Union (EU) or other advanced markets, and the expenditure per capita in insurance amounts to USD 5,429 as compared with USD 3,815 in the advanced markets. The U.K. insurance industry is the third largest in the world and the largest in Europe with around 600 insurers operating in the U.K.
Series: Country Report No. 16/158
Subject(s): Financial Sector Assessment Program | Insurance | Insurance supervision | Insurance regulations | Stress testing | Risk management | United Kingdom

Publication Date: June 17, 2016
ISBN/ISSN: 9781484393789/1934-7685 Format: Paper
Stock No: 1GBREA2016006 Pages: 49
US$18.00 (Academic Rate:
US$18.00 )
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