General Insurance in the UK - Industry Market Research Report

Weaker interest: Disruption caused by the Russia-Ukraine conflict brings the industry's recovery to a halt

Over the five years through 2022-23, the General Insurance industry's revenue is forecast to edge downwards at a compound annual rate of 1.5%. After Solvency II regulations were brought in at the start of 2016, buffer requirements constricted capital. More recently, the COVID-19 pandemic severely disrupted insurance patterns and claims, with some lines (like car insurance) becoming considerably more profitable, with the opposite true for others (like income protection). Businesses in this industry underwrite insurance policies relating to property, casualty, liability and other general risks. The premiums they earn from this are then invested to generate additional income. Underwriting life and disability is a separate industry, although many firms compete in both insurance markets. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.