Total insurance premium refers to the amount of money paid for the insurance coverage of the policies issued by insurance companies over a period of time. The amount of life insurance premiums in the United Kingdom (UK) peaked at over 275 billion euros in 2007 after a year on year increase. In 2008, the value sharply decreased to approximately 156 billion euros. In 2020, after almost ten years of fluctuation, the life insurance premiums amounted to approximately 133 billion euros.
Total direct life insurance premium in the United Kingdom (UK) from 2004 to 2020
(in billion euros)
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Insurance Europe. (August 5, 2022). Total direct life insurance premium in the United Kingdom (UK) from 2004 to 2020 (in billion euros) [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/283031/total-direct-life-insurance-premium-income-in-the-united-kingdom-uk/
Insurance Europe. "Total direct life insurance premium in the United Kingdom (UK) from 2004 to 2020 (in billion euros)." Chart. August 5, 2022. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/283031/total-direct-life-insurance-premium-income-in-the-united-kingdom-uk/
Insurance Europe. (2022). Total direct life insurance premium in the United Kingdom (UK) from 2004 to 2020 (in billion euros). Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/283031/total-direct-life-insurance-premium-income-in-the-united-kingdom-uk/
Insurance Europe. "Total Direct Life Insurance Premium in The United Kingdom (Uk) from 2004 to 2020 (in Billion Euros)." Statista, Statista Inc., 5 Aug 2022, https://www.statista.com/statistics/283031/total-direct-life-insurance-premium-income-in-the-united-kingdom-uk/
Insurance Europe, Total direct life insurance premium in the United Kingdom (UK) from 2004 to 2020 (in billion euros) Statista, https://www.statista.com/statistics/283031/total-direct-life-insurance-premium-income-in-the-united-kingdom-uk/ (last visited October 30, 2024)
Total direct life insurance premium in the United Kingdom (UK) from 2004 to 2020 (in billion euros) [Graph], Insurance Europe, August 5, 2022. [Online]. Available: https://www.statista.com/statistics/283031/total-direct-life-insurance-premium-income-in-the-united-kingdom-uk/
