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Life Insurance in the UK - Market Size (2013–2030)

SIC K65.110 Last Updated: August 2024
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£35.4bn Life Insurance in the UK Market Size in 2024
-2.5% Life Insurance in the UK Market Size Growth in 2024
1.3% Life Insurance in the UK Market Size CAGR 2019-2024
Life Insurance in the UK Market Size CAGR 2024-2029

Curious about what drives these trends? IBISWorld's Life Insurance in the UK Industry Report has got you covered.

Questions Clients Ask About This Industry

  • What was the market size of the Life Insurance in the UK in 2023?

    The market size of the Life Insurance in the UK was £36.3bn in 2023.

  • What was the growth rate of the Life Insurance in the UK in 2023?

    The market size of the Life Insurance in the UK decreased -10.3% in 2023.

  • What was the market size of the Life Insurance in the UK in 2024?

    The market size of the Life Insurance in the UK is £35.4bn in 2024.

  • What is the growth rate of the Life Insurance in the UK in 2024?

    The market size of the Life Insurance in the UK decreased -2.5% in 2024.

  • Has the Life Insurance in the UK grown or declined over the past 5 years?

    The market size of the Life Insurance in the UK has declined at a -10.3% CAGR between 2018 and 2023.

  • Is the Life Insurance in the UK expected to grow or decline over the next five years?

    See our full analysis of the Life Insurance in the UK to understand if the industry market size is expected to grow or decline over the next five years.

  • Has the Life Insurance in the UK grown or declined over the past 5 years?

    The market size of the Life Insurance in the UK has grown at a 1.3% CAGR between 2019 and 2024.

  • Is the Life Insurance in the UK expected to grow or decline over the next five years?

    See our full analysis of the Life Insurance in the UK to understand if the industry market size is expected to grow or decline over the next five years.

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