Top 10 Key UK Insurance Stats

2015 Statistics

  1. The UK is the third largest insurance and long term savings industry in the world and the largest in the EU
  2. UK  insurers contribute £29bn to the UK GDP
  3. UK insurers held £1.9trn invested assets
  4. There are 344,000 people employed in the UK insurance industry
  5. £40m was paid out each day in motor and property claims
  6. Travel insurers paid out £370m in claims to travelers who needed help
  7. £2.5bn withdrawn from pensions in first 3 months following April reforms
  8. 50% of workers pay into a workplace pension
  9. 98% of protection claims were paid out
  10. £1.3bn in detected fraudulent claims

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