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Insurance

Experts in insurance

The UK's offer

  • The world’s largest commercial and specialist insurance market, operating in 200+ countries worldwide
  • A talent pool of over 310,000 people working in the UK insurance industry
  • Almost 600 authorised insurance companies in the UK
  • Europe’s largest insurtech hub – the only global insurance hub with a leading technology ecosystem
  • A large and developed consumer market for insurance products
  • Commitments to transition underwriting portfolios to net zero by 2050 from key industry players

Future-focused risk management

The UK's dynamic ecosystem, mature market, with deep reserves of capital and expertise equip it to manage complex and challenging risk. Home to Lloyds, the world's largest most mature specialty insurance market, operating in over 200 countries worldwide.1  London's specialism and reach make it possible to insure virtually any activity in any location. 85% of London Market’s premium is sourced outside of the UK.  

From cyber insurance, climate-related risks mitigation to insurtech innovation, the UK insurance sector continues to evolve to serve the world’s changing needs. London’s global connectiveness and specialist expertise place it in a strong position to provide future-focused solutions.  

Download factsheet

Innovating Insurance

The latest report in our 'Powering the fintech revolution' series draws on insights and case studies highlighting how insurtech has the potential to innovate the insurance industry.

Download 'Innovating Insurance'

Leading innovation in the sector

The natural home of innovation, the UK ecosystem brings startups and tech firms together with the brand power, experience and capital of more established firms. This has led to new product development, more relevant coverage, capabilities and platforms in the fast-growing insurtech sector. 

Securing the future

London is the only location that is a global insurance hub and also a cyber-security hub. 20% of all global cyber insurance goes through the City of London

Securing the future

Home to innovation

Europe’s insurtech hub with over one-third of European insurtech investment in 2021

Home to innovation

Expertise and reach

The London Market is the largest global insurance hub with US$110bn of gross written premium. It is double that of the second largest, Bermuda, and more than four times the third largest, Zurich.

The Association of British Insurers publishes further statistical information about the UK insurance industry.

Find out more from ABI

56%

of all aviation insurance worldwide

provided by the UK market

55%

of all energy insurance worldwide

provided by the UK market

33%

of all shipping insurance worldwide

provided by the UK market

The future of cyber insurance – next steps for the London Market

This report covers the ambition for London to become the pre-eminent global hub for cyber insurance, the benefits this will have for the broader UK, and how the London cyber security ecosystem and insurance industry can collaborate to achieve this.

Read the full report

£1.7tn

UK-based insurers

UK-based insurers hold £1.7tn in assets

£29.1bn

Contribution to UK economy

The UK insurance industry contributes £29.1bn to the UK’s GDP

US$100bn

of premiums written by the London Market

double that of the 2nd largest – Bermuda

Magnet for trade

In 2020 the UK recorded a trade surplus of around £17.9bn in insurance and pension services, by far the largest surplus of the world's major insurance economies 

Partner Story

Skyline Partners

Skyline Partners

Partner story

Agvesto

Agvesto

Partner Story

Zurich Insurance UK

Zurich Insurance UK

Partner story

AssetVault

AssetVault

See more Case Studies

"The talent pool here is excellent both in insurance and technology. And there is a large pool of technical resource in the UK. It's a place that people are attracted to come and work. There's a lot of opportunity here for people"

Gethin Jones and Laurent Sabatié, Co-Founders Skyline Partners

Everything you need

The UK offers you everything you need to grow your business.

We have a global outlook, which means we understand your business needs. The depth and breadth of our offer mean unparalleled opportunities for you to grow. Innovation is what we do - creating an inspirational ecosystem where you can thrive. 

Choose the UK

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