United Kingdom Insurance Report 2010

The Sector At A Glance ........................................5
Table: The UK’s Insurance Sector At A Glance..........................5
Key Insights On The UK Insurance Sector..................................5
Key Features Of This Report ........................6
SWOT Analysis........................7
United Kingdom Insurance Industry SWOT................................7
United Kingdom Political SWOT..................8
United Kingdom Economic SWOT................8
Global Outlook.........................9
Latest News ...........................11
Projections And Forecasts.................................13
Table: Insurance Premiums, 2006-2014...................................13
Projections And Drivers Of Growth............14
Table: Growth Drivers, 2005 – 2014..........14
Country Update .....................15
Macroeconomic Outlook.............................15
Table: United Kingdom – Contribution To GDP Growth By Segment, 2006-2013................................16
Political Outlook.........................................20
Insurance Business Environment Rating ..........24
Table: UK Insurance Business Environment Indicators ...........24
Table: Developed Countries’ Insurance Business Environment Ratings .................25
Regional Context...................26
Table: Non-life Premiums In A Regional Context, 2008 ...........26
Table: Life Premiums In A Regional Context, 2008..................26
Analysis Of Competitive Conditions..................27
Table: Total Net Written Non-Life Premiums, 2006 And 2007 (GBPmn) ................28
Table: Total Net Written Life Premiums, 2006 And 2005 (GBPmn) ........................29
Company Profiles..................30
Aviva plc .......................30
Table: Key Financial Highlights, Nine Months To End Of September (GBPmn).....32
Table: Key Financial Indicators, June 30 And September 30 2009 (GBP).............32
Table: Sales, Nine Months To September 30, GBPmn (PVNBP basis) ....................32
Bupa .............................33
Table: Global Financial Highlights, H109 (GBP)....................35
Table: Asia Pacific Financial Highlights, H108 And H109 (GBPmn) .....................35
Table: UK And US Financial Highlights, H108 And H109 (GBPmn)......................35
Friends Provident Group plc ......................36
Table: Financial Highlights, 2008 And 2009 (GBPmn)............37
Table: Financial Highlights, Nine Months To September 30 2008 And 2009 (GBPmn) ........................37
HSBC Bank plc .............38
Table: Net Earned Premiums, 2007 And 2008 (GBPmn)..........38
Table: Financial Highlights, 2007 And 2008 (GBPmn)............39
Lloyds Banking Group Insurance ...............40
Table: Key Financial Highlights, Half Year To June 30 2008 And 2009 (GBPmn) ...............................41
Table: Key UK Financial Highlights, Half Year To June 30 2008 And 2009 (GBPmn).........................42
Legal & General Group plc........................43
Table: Unaudited New Business Premiums, Nine months To September 30 2009 (GBPmn) .................44
Table: Summary Income Statement, H108 And H109 (GBPmn) ..............................44
Table: Risk Business, FY08 And H109 (GBPmn)......................45
Table: Combined Income Statement, Full-Year 2008 (GBPmn) ..............................45
Prudential plc ...............47
Table: Sales And Inflows On An APE Basis, January-September 2009 (GBP) ........49
Table: Sales On An APE Basis, January-September 2009 (GBP)............................49
RBS Insurance ..............50
Table: Key Figures, Nine Months To September 30 2008 And 2009 (GBPmn)........51
Table: Key Operating Ratios, September 30 2008 And 2009..................................51
RSA plc .........................52
Table: Key Financial Highlights, 2008 And 2009 (GBPmn)...................................55
Table: Net Written Premiums, January-September 2008 And 2009 (GBPmn).........55
Standard Life ................56
Country Snapshot: UK Demographic Data......................................58
Section 1: Population..................................58
Table: Demographic Indicators, 2005-2030.............................58
Table: Rural/Urban Breakdown, 2005-2030 ............................59
Section 2: Education And Healthcare.........59
Table: Education, 2002-2005 .....................59
Table: Vital Statistics, 2005-2030...............59
Section 3: Labour Market And Spending Power .......................60
Table: Employment Indicators, 2000-2005...............................60
Table: Consumer Expenditure, 2000-2011 (US$) .....................60
Table: Average Annual Wages, 2000-2012...............................61
Methodology..........................62
Insurance Business Environment Ratings .................................63
Table: Insurance Business Environment Indicators And Rationale .........................63
Table: Weighting Of Indicators ..................64