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There are xx businesses in the Life Insurance industry in the UK, which is expected to decline at xx% over the next five years. Companies in this industry provide life insurance cover and life-based investment products. Life insurance obliges the insurer to pay designated beneficiaries a sum of money in the event of the insured individual suffering death, disablement, serious illness or injury. As with all insurance contracts, exclusions may apply that limit the insurer’s liability, such as suicide, riot or war.
Curious about what drives these trends? IBISWorld's Life Insurance in the UK industry coverage has got you covered.
Total value (#) and annual change from 2012 – 2030.
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| Industry | Sector | Last 5-yr CAGR | Forecast 5-year CAGR | Revenue |
|---|---|---|---|---|
| Pension Funding in the UK |
|
XX% | XX% | $XX |
| General Insurance in the UK |
|
XX% | XX% | $XX |
| Reinsurance in the UK |
|
XX% | XX% | $XX |
| Insurance Agents & Brokers in the UK |
|
XX% | XX% | $XX |
| Global Life & Health Insurance Carriers |
|
XX% | XX% | $XX |
| Life Insurance & Annuities in the US |
|
XX% | XX% | $XX |
| Life Insurance & Annuities in Canada |
|
XX% | XX% | $XX |
| Life Insurance in Australia |
|
XX% | XX% | $XX |
| Life Insurance in New Zealand |
|
XX% | XX% | $XX |
| Insurance in Ireland |
|
XX% | XX% | $XX |
| Life Insurance Providers in China |
|
XX% | XX% | $XX |
When the stakes are high, you need intelligence that cuts through the noise—wherever you work.
There is 331 Life Insurance in the UK businesses as of 2025, an increase of 0.0% from 2024.
The number of Life Insurance in the UK businesses has declined -0.1% per year on average over the five years between 2020 and 2025.
See our full analysis of the Life Insurance in the UK to understand if the mumber of bussinesses is expected to grow or decline over the next five years.
The Life Insurance in the UK has moderate market share concentration and the largest business is Legal & General Group plc.