The UK's offer There are more premiums written and managed through London than in Bermuda, Singapore and Switzerland combinedA talent pool of over 300,000 people working in the UK insurance industryThe world's largest specialty insurance and reinsurance market, operating in 200+ countries worldwideAlmost 800 authorised insurance companies in the UKA large and developed consumer market for insurance productsA reputation for reliability 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, the London market makes it possible to insure virtually any activity in any location. London is the only place where every top 20 insurance and re-insurance firm is active, giving it unmatched global reach. The UK has one of the most extensive and sophisticated domestic consumer markets, and offers an extraordinary opportunity to firms in the sector. Download factsheet Expertise and reach The London insurance market writes over £60bn of premiums annually, almost double Bermuda, the next largest market. The ABI publishes further statistical information about the UK insurance industry. Read more 60% of all aviation insurance worldwide provided by the UK market 52% of all energy insurance worldwide provided by the UK market 33% of all shipping insurance worldwide provided by the UK market £60bn of premiums written by the London Market annually almost double the next largest market - Bermuda Leading innovation in the sector The natural home of innovation, the UK ecosystem brings start ups 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 fast growing insurtech sector. Securing the future Cyber insurance is a key area of growth in London, with premiums growing by over 70% in recent years Securing the future Home to innovation 27 companies that feature in the "InsurTech 100" operate in the UK Home to innovation £1.8tn UK-based insurers UK-based insurers hold £1.8tn in assets 23.4% Total EU premium income The UK insurance and long-term savings industry generates 23.4% of total EU premium income £29.5bn Contribution to UK economy The UK insurance industry contributes £29.5bn to the UK economy 6.5% Global insurance premiums The UK accounted for 6.5% of global insurance premiums in 2018 Magnet for trade In 2018 the UK recorded a trade surplus of around £17.4bn of insurance and pension services, by far the largest surplus of the world's major insurance economies "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 1 Partner Story Skyline Partners: 'The talent pool here is excellent both in insurance and technology.' Skyline Partners: 'The talent pool here is excellent both in insurance and technology.' Research London's ability to insure any risk supports its role in global infrastructure financing London's ability to insure any risk supports its role in global infrastructure financing Partner Story Zurich Insurance UK: 'The UK is widely recognised as an international insurance and financial services hub.' Zurich Insurance UK: 'The UK is widely recognised as an international insurance and financial services hub.' See more Case Studies 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 Depth and breadth Innovation Open and global Business environment Opportunity Talent Industries A UK-wide offer Need more information? The City of London Corporation London & Partners Great Campaign TheCityUK Innovate Finance Association for Foreign Banks Association of British Insurers The Investment Association AFME UK Finance