Insurance business written by class of insurance — Gross written in United Kingdom of Great Britain and Northern Ireland
United Kingdom of Great Britain and Northern Ireland: Insurance business written by class of insurance — Gross written was 15,421 Euro in 2024. ▲ Rising
Latest (2024)
15,421 Euro
Change on year
up 24.9%
World rank
5th
of 44 countries
All-time high
17,565 Euro
in 2018
All-time low
2,153 Euro
in 1987
Years of data
38
1987–2024
Insurance business written by class of insurance — Gross written in United Kingdom of Great Britain and Northern Ireland, 1987–2024
Source: Organisation for Economic Co-operation and Development. Measured in Euro.
Analysis
In 2024, insurance business written by class of insurance — gross written in United Kingdom of Great Britain and Northern Ireland stood at 15,421 Euro.
The figure is up 24.9% on the previous year and up 62.5% over ten years.
Over the whole period, insurance business written by class of insurance — gross written in United Kingdom of Great Britain and Northern Ireland peaked at 17,565 Euro in 2018 and was at its lowest, 2,153 Euro, in 1987.
That places United Kingdom of Great Britain and Northern Ireland 5th out of 44 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 38 years of available data.
Insurance business written by class of insurance — Gross written in United Kingdom of Great Britain and Northern Ireland, year by year
| Year | Euro | Change |
|---|---|---|
| 1987 | 2,153 Euro | — |
| 1988 | 2,664 Euro | +23.7% |
| 1989 | 3,039 Euro | +14.1% |
| 1990 | 3,474 Euro | +14.3% |
| 1991 | 4,131 Euro | +18.9% |
| 1992 | 4,476 Euro | +8.3% |
| 1993 | 4,467 Euro | -0.2% |
| 1994 | 4,638 Euro | +3.8% |
| 1995 | 4,858 Euro | +4.7% |
| 1996 | 4,969 Euro | +2.3% |
| 1997 | 6,196 Euro | +24.7% |
| 1998 | 6,553 Euro | +5.8% |
| 1999 | 7,069 Euro | +7.9% |
| 2000 | 7,555 Euro | +6.9% |
| 2001 | 8,950 Euro | +18.5% |
| 2002 | 9,428 Euro | +5.3% |
| 2003 | 9,528 Euro | +1.1% |
| 2004 | 8,945 Euro | -6.1% |
| 2005 | 9,562 Euro | +6.9% |
| 2006 | 9,063 Euro | -5.2% |
| 2007 | 9,420 Euro | +3.9% |
| 2008 | 8,595 Euro | -8.8% |
| 2009 | 7,992 Euro | -7.0% |
| 2010 | 8,443 Euro | +5.6% |
| 2011 | 7,950 Euro | -5.8% |
| 2012 | 8,959 Euro | +12.7% |
| 2013 | 9,294 Euro | +3.7% |
| 2014 | 9,490 Euro | +2.1% |
| 2015 | 10,770 Euro | +13.5% |
| 2016 | 13,262 Euro | +23.1% |
| 2017 | 10,927 Euro | -17.6% |
| 2018 | 17,565 Euro | +60.7% |
| 2019 | 10,229 Euro | -41.8% |
| 2020 | 9,019 Euro | -11.8% |
| 2021 | 9,794 Euro | +8.6% |
| 2022 | 11,192 Euro | +14.3% |
| 2023 | 12,344 Euro | +10.3% |
| 2024 | 15,421 Euro | +24.9% |
United Kingdom of Great Britain and Northern Ireland compared with similar countries
- United Kingdom of Great Britain and Northern Ireland's 15,421 Euro is above the median for high income countries, which is 2,666 Euro, 5.8× the median. (29 countries reporting)
- United Kingdom of Great Britain and Northern Ireland's 15,421 Euro is above the median for Europe & Central Asia, which is 3,275 Euro, 4.7× the median. (17 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2,618 Euro | 2,153 Euro | 3,039 Euro | 3 |
| 1990s | 5,083 Euro | 3,474 Euro | 7,069 Euro | 10 |
| 2000s | 8,904 Euro | 7,555 Euro | 9,562 Euro | 10 |
| 2010s | 10,689 Euro | 7,950 Euro | 17,565 Euro | 10 |
| 2020s | 11,554 Euro | 9,019 Euro | 15,421 Euro | 5 |
Countries ranked near United Kingdom of Great Britain and Northern Ireland
- 2 Türkiye 4,355 Euro compare
- 2 Germany 68,305 Euro compare
- 2 Croatia 143.68 Euro compare
- 3 Poland 1,128 Euro compare
- 3 Switzerland 22,220 Euro compare
- 4 Canada 15,889 Euro compare
- 4 Slovenia 208.05 Euro compare
- 5 Lithuania 189.73 Euro compare
- 6 Latvia 182.43 Euro compare
- 6 Spain 13,388 Euro compare
- 7 Estonia 158 Euro compare
- 7 Italy 9,047 Euro compare
- 8 Mexico 8,641 Euro compare
More economy & growth data for United Kingdom of Great Britain and Northern Ireland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.14 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.42 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 86.93 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0217 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,251 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 76.63 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 691.49 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0191 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,103 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 22.77 % change on previous year (2025)
All data for United Kingdom of Great Britain and Northern Ireland →
Frequently asked questions
- What is insurance business written by class of insurance — gross written in United Kingdom of Great Britain and Northern Ireland?
- Insurance business written by class of insurance — gross written in United Kingdom of Great Britain and Northern Ireland was 15,421 Euro in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest insurance business written by class of insurance — gross written recorded in United Kingdom of Great Britain and Northern Ireland?
- The highest recorded value was 17,565 Euro in 2018.
- What is the lowest insurance business written by class of insurance — gross written recorded in United Kingdom of Great Britain and Northern Ireland?
- The lowest recorded value was 2,153 Euro in 1987.
- How does United Kingdom of Great Britain and Northern Ireland rank for insurance business written by class of insurance — gross written?
- United Kingdom of Great Britain and Northern Ireland ranks 5th out of 44 countries with data for 2024.
- Is insurance business written by class of insurance — gross written rising or falling in United Kingdom of Great Britain and Northern Ireland?
- Over the last ten years it is up 62.5%. The long-run trend across the full record is rising.
- Where does this United Kingdom of Great Britain and Northern Ireland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Insurance business written by class of insurance — Gross written premiums. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 38 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
This dataset covers the breakdown of premiums by insurance class for life and non-life insurance.