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Home Insurance in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Home Insurance Market Research Report | SIC UK0.021 | Oct 2016

Property protecting: New homes and more renters to improve demand in tough conditions

The Home Insurance market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Aviva plc Aviva plc market share
AXA Insurance AXA Insurance market share
Direct Line Group Ltd Direct Line Group Ltd market share
Lloyds Banking Group Lloyds Banking Group market share
RSA Insurance Group RSA Insurance Group market share
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
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Industry Analysis & Industry Trends

Home insurance is an important segment of the General Insurance industry (IBISWorld report K65.120) in the United Kingdom, accounting for the second-largest share of premium income, behind only motor insurance. The industry generates income from two key sources: premium income and investment income. Premium income refers to net premium income.

The industry has been affected by poor conditions over the past five years. Household spending pressures and the low number of new properties coming on to the market decreased demand for home insurance. However, investment income grew, despite considerable volatility, and mitigated the fall in revenue. A surge in the number of people renting properties also increased demand for insurance from landlords... purchase to read more

Industry Report - Industry Locations Chapter

Insurers sell their products either directly or through a variety of distribution channels. The most prominent of these are brokers and agents. Distribution methods have changed significantly in recent years. Technological developments, such as the growth of the internet and mobile phones, have opened up new distribution channels, and insurers are increasingly developing multichannel strategies.

Direct sales are becoming more popular but brokers and agents still account for the majority of distribution. This means that the location of insurance carriers is largely irrelevant in the private sector.

IBISWorld estimates that London is home to 31% of industry establishments but is where 44.5% o.. purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Home Insurance Industry?

Companies in this industry underwrite home insurance policies. This means they assume the risk for the insurance and decide the appropriate premium. These policies protect against loss of or damage to property and contents due to theft, fire and other causes.

Industry Products
Property insuranceContents insuranceCombined property and contentsSpecialist insurance
Industry Activities
Insuring propertyInsuring contentsProviding specialty property and contents insurance

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