Table of Contents
Introduction and Abbreviations
Executive Summary
Background and Developments
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- Figure 1: New regular premiums (individual long-term business), by industrial and ordinary branch, 1988-98
- Figure 2: Industrial branch business - new whole life policies, 1988-99 ABI/Mintel
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Market Factors
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- Figure 3: Life expectancy of males and females (years, months), 1980 and 1999
- Figure 4: The UK population, by age group, 1999-2003
- Figure 5: Mortgage statistics: balances outstanding and property transactions, 1990-99
- Figure 6: Death in service benefits of occupational schemes, 1998
- Figure 7: Life cover for non-members of pension schemes, 1998
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Market Size
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- Figure 8: Total new regular premium life policies, ordinary branch, 1994-99
- Figure 9: Number of new life insurance policies sold, ordinary branch, 1994-99
- Figure 10: Individual life insurance business in force at year end, ordinary branch, 1988-99
- Figure 11: New individual life insurance business, ordinary branch, 1988-99
- Figure 12: Number of new policies sold, ordinary branch, 1988-99
- Figure 13: Net premium income from life insurance in the UK, ordinary branch, 1988-99
- Figure 14: Industrial branch business: new whole life and endowment policies sold, premiums and sums insured, 1988-99
- Figure 15: Group life cover schemes, number of members and premiums receivable, 1988-98
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Pricing and Expenditure
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- Figure 16: Average weekly household expenditure, by gross income decile group, 1997/98 and 1998/99
- Figure 17: Weekly average expenditure, by age of head of household, 1997/98
- Figure 18: Top performing balanced managed, managed stockmarket and UK equity general life funds, as at 1 November 1999
- Figure 19: Benefits paid on UK life insurance, ordinary and industrial branch, 1988-98
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Distribution and Promotion
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- Figure 20: Proportion of adspend generated by top five advertisers, January to September 1999
- Figure 21: Adspend by leading ten advertisers, 1994-98
- Figure 22: Where policyholders purchased their life policy, 1999
- Figure 23: Persistency rates of whole life and endowment policies, by distribution channel, 1995-98
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Key Players
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- Figure 24: Number of companies authorised to transact life business, at 31 December 1988-98
- Figure 25: Top 20 long-term insurance companies, by UK net premium incomes, (industrial branch and ordinary branch) 1998
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The Consumer
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- Figure 26: Ownership of life protection products, 1989-99
- Figure 27: Ownership of financial products, September 1999
- Figure 28: Multiple ownership of life cover, September 1999
- Figure 29: Socio-demographic profile of respondents owning life assurance, September 1999
- Figure 30: Whether the family would suffer financial hardship as a result of death, September 1999
- Figure 31: Have made adequate financial arrangements for family, September 1999
- Figure 32: Whether life assurance is a good way of saving for the future, September 1999
- Figure 33: Differences in attitudes between all adults and owners of life protection, respondents agreeing to statements, September 1999
- Figure 34: Whether selected financial products are necessary or desirable, September 1999
- Figure 35: Socio-demographic characteristics of respondents agreeing that life protection products are necessary and/or desirable, September 1999
- Figure 36: Preferred method of arranging a life assurance policy, September 1999
- Figure 37: Preferred distribution channel, by socio-demographic characteristics, September 1999
- Figure 38: Socio-demographic profile of the target market, September 1999
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Conclusions
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- Figure 39: Market potential, 1999
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The Future and Forecast
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- Figure 40: Forecast of new regular premium life policies, ordinary branch, 1999-2003
- Figure 41: Forecast of the number of new life insurance policies sold, ordinary branch, 1999-2003
- Figure 42: Forecast of the life protection market, new regular premiums, industrial branch, 1999-2003
- Figure 43: Forecast of the number of new policies sold, industrial branch, 1999-2003
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