Life Report

Product Insurance Market Reports Life Rev Uruguay

Key Highlights

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  • Key insights and explanations of market developments in life insurance, healthcare and pensions
  • Details the United Kingdom's insurance, social security, pensions and healthcare regulatory framework and company and personal tax considerations
  • Current legislation and upcoming changes
  • The latest developments in the United Kingdom's economic and political environment
  • Demographic information
  • Market statistics and company performance

Report Overview

Independent strategic insight, line of business detail, regulatory information & market data for the non-life (P&C) insurance market of the United Kingdom

The United Kingdom life and benefits market report provides a comprehensive, impartial analysis of the UK's life insurance market.  Information extends to extensive detail on healthcare (public and private), pensions and benefits, and social security. Specialist researchers visit the United Kingdom and interview local professionals working across the local market. The report is updated with new information and data regularly throughout the cycle of country visits.

The report provides information about the United Kingdom’s demographic profile and assesses its economic, political, climate, operational, and security risks. Key data on the investment environment in the United Kingdom is available.

Axco’s report describes the regulatory framework that applies to the UK's domestic life insurance sector, including whether non-admitted insurance is permitted in the United Kingdom; as well as the legislation necessary to know regarding the United Kingdom’s healthcare, pensions and social security.

Statistics include five years of life insurance market performance indicators, including gross written premiums, premium growth and penetration rates. Company statistics show who are the leading life insurance companies in the UK with local life insurance company premiums, market share and year on year growth.

Life Insurance

Axco provides details on the life insurance sector including the United Kingdom's market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.


The report describes the public and private healthcare system in the United Kingdom, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.


Axco reports on the three pillars of the United Kingdom's pension provision.

  • State pension benefits including benefit calculations and eligibility criteria 
  • Workplace pension provision; types of schemes calculations eligibility and; tax implications
  • Voluntary individual pension provision, type of products and tax implications

Social Security

The United Kingdom report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

  • state pensions,
  • permanent disability benefit
  • occupational accident and disease
  • maternity and paternity payments 

United Kingdom Life and Benefits Report Extract

Below are brief extracts of information from the United Kingdom Life & Benefits Report; more updated information may be available in the latest published report.

Life Insurance

The UK life insurance market is large, highly developed and mature. In recent years there has been a significant growth in consolidators acquiring legacy business and corporate reorganisations.

No breakdown of the split between individual and group business is available. Individual life insurance as a savings and investment product (excluding contract based pensions) is generally under decline ....


Pension provision in the UK comprises: Pillar I state pension ; Pillar II company pension ; Pillar III pension savings.

Pillar I provision under the reformed single tier state pension provision is universal although the benefit level is set at a base level in order not to discourage personal saving for all but the lowest earners ....


The UK has a highly developed health sector where both public and private healthcare is accessible without legal restriction.

Most healthcare is funded under the public system established in July 1948 (National Health Service - NHS), providing a universal and comprehensive public service free at the point of care. The balance is private expenditure mostly financed out-of-pocket with approximately a fifth financed by PMI ....

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