The UK's offer The world’s largest commercial and specialist insurance market, operating in 200+ countries worldwideA talent pool of over 320,000 people working in the UK insurance industryAlmost 400 authorised insurance companies in the UKEurope’s largest insurtech hub – the only global insurance hub with a leading technology ecosystemA large and developed consumer market for insurance productsCommitments 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. It is home to Lloyds, the world's largest most mature specialty insurance market, operating in over 200 countries worldwide. London's specialism and reach make it possible to insure virtually any activity in any location. Close to 70% 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. 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. 28% of all global cyber insurance goes through the City of London Securing the future Home to innovation Europe’s insurtech hub with $3.6bn in VC funding raised by UK insurtechs between 2017 and 2022 – more than France and Germany Home to innovation Expertise and reach The London Market is the largest global insurance hub with US$121bn of gross written premium. The Association of British Insurers publishes further statistical information about the UK insurance industry. Find out more from ABI 42% of all aviation, energy and marine insurance worldwide provided by the UK market Top 20 London is the only place where every top 20 insurance and reinsurance firms has a presence 11% of all commercial (re)insurance are controlled by the London market, making it the largest underwriting centre in the world The future of cyber insurance 28% of all cyber insurance flows through the City of London. Discover 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 £30bn contribution to UK economy The UK insurance industry contributes £29.1bn to the UK’s GDP US$121bn of premiums written by the London Market the largest global hub Magnet for trade In 2020 the UK recorded a trade surplus of around £12.3bn in insurance and pension services, by far the largest surplus of the world's major insurance economies Partner Story Many Pets Many Pets Partner story Flock Flock 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 1 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 Innovation Open and global Business environment Opportunity Talent Industries A UK-wide offer Need more information? The City of London Corporation London & Partners Invest in Great TheCityUK Innovate Finance Association for Foreign Banks Association of British Insurers The Investment Association AFME UK Finance London Makes it Possible