Insurance business written by class of insurance — Premiums ceded in United Kingdom of Great Britain and Northern Ireland
United Kingdom of Great Britain and Northern Ireland: Insurance business written by class of insurance — Premiums ceded was 2,977 Euro in 2024. ◆ Volatile
Insurance business written by class of insurance — Premiums ceded in United Kingdom of Great Britain and Northern Ireland, 1987–2024
Source: Organisation for Economic Co-operation and Development. Measured in Euro.
Analysis
United Kingdom of Great Britain and Northern Ireland recorded 2,977 Euro for insurance business written by class of insurance — premiums ceded in 2024.
The figure is up 53.4% on the previous year and down 23.0% over ten years.
Over the whole period, insurance business written by class of insurance — premiums ceded in United Kingdom of Great Britain and Northern Ireland peaked at 3,869 Euro in 2016 and was at its lowest, 153.5 Euro, in 1988.
United Kingdom of Great Britain and Northern Ireland ranks 3rd of 40 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance business written by class of insurance — Premiums ceded in United Kingdom of Great Britain and Northern Ireland, year by year
| Year | Euro | Change |
|---|---|---|
| 1987 | 195.62 Euro | — |
| 1988 | 153.5 Euro | -21.5% |
| 1989 | 190.09 Euro | +23.8% |
| 1990 | 288.31 Euro | +51.7% |
| 1991 | 379.61 Euro | +31.7% |
| 1992 | 333.77 Euro | -12.1% |
| 1993 | 351.32 Euro | +5.3% |
| 1994 | 695.55 Euro | +98.0% |
| 1995 | 1,024 Euro | +47.2% |
| 1996 | 929.64 Euro | -9.2% |
| 1997 | 1,060 Euro | +14.1% |
| 1998 | 1,167 Euro | +10.1% |
| 2000 | 1,188 Euro | +1.8% |
| 2001 | 826.16 Euro | -30.4% |
| 2002 | 1,119 Euro | +35.4% |
| 2003 | 2,064 Euro | +84.5% |
| 2004 | 1,245 Euro | -39.7% |
| 2005 | 611.52 Euro | -50.9% |
| 2016 | 3,869 Euro | +532.7% |
| 2017 | 1,814 Euro | -53.1% |
| 2018 | 1,671 Euro | -7.9% |
| 2019 | 1,150 Euro | -31.2% |
| 2020 | 1,023 Euro | -11.1% |
| 2021 | 1,091 Euro | +6.7% |
| 2022 | 1,666 Euro | +52.7% |
| 2023 | 1,941 Euro | +16.5% |
| 2024 | 2,977 Euro | +53.4% |
United Kingdom of Great Britain and Northern Ireland compared with similar countries
- United Kingdom of Great Britain and Northern Ireland's 2,977 Euro is above the median for high income countries, which is 281.91 Euro, 10.6× the median. (25 countries reporting)
- United Kingdom of Great Britain and Northern Ireland's 2,977 Euro is above the median for Europe & Central Asia, which is 119.39 Euro, 24.9× the median. (15 countries reporting)
Biggest year-on-year movements
Years where Insurance business written by class of insurance — Premiums ceded in United Kingdom of Great Britain and Northern Ireland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2016 | +532.7% | 611.52 Euro | 3,869 Euro |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 179.74 Euro | 153.5 Euro | 195.62 Euro | 3 |
| 1990s | 692.17 Euro | 288.31 Euro | 1,167 Euro | 9 |
| 2000s | 1,176 Euro | 611.52 Euro | 2,064 Euro | 6 |
| 2010s | 2,126 Euro | 1,150 Euro | 3,869 Euro | 4 |
| 2020s | 1,739 Euro | 1,023 Euro | 2,977 Euro | 5 |
Countries ranked near United Kingdom of Great Britain and Northern Ireland
- 1 Türkiye 305.44 Euro compare
- 1 United States of America 76,254 Euro compare
- 2 Germany 3,459 Euro compare
- 2 Poland 124.4 Euro compare
- 3 Netherlands 42.91 Euro compare
- 3 Croatia 7.04 Euro compare
- 4 Canada 2,270 Euro compare
- 4 Slovenia 13.74 Euro compare
- 5 Latvia 4.65 Euro compare
- 5 Portugal 1,380 Euro compare
- 6 Italy 1,328 Euro compare
- 6 Lithuania 2.73 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 — premiums ceded in United Kingdom of Great Britain and Northern Ireland?
- Insurance business written by class of insurance — premiums ceded in United Kingdom of Great Britain and Northern Ireland was 2,977 Euro in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest insurance business written by class of insurance — premiums ceded recorded in United Kingdom of Great Britain and Northern Ireland?
- The highest recorded value was 3,869 Euro in 2016.
- What is the lowest insurance business written by class of insurance — premiums ceded recorded in United Kingdom of Great Britain and Northern Ireland?
- The lowest recorded value was 153.5 Euro in 1988.
- How does United Kingdom of Great Britain and Northern Ireland rank for insurance business written by class of insurance — premiums ceded?
- United Kingdom of Great Britain and Northern Ireland ranks 3rd out of 40 countries with data for 2024.
- Is insurance business written by class of insurance — premiums ceded rising or falling in United Kingdom of Great Britain and Northern Ireland?
- Over the last ten years it is down 23.0%. The long-run trend across the full record is volatile.
- 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 — Premiums ceded. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 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.