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The ABI collects extensive data from insurers & long term savings providers, covering everything from motor and property insurance to life assurance and pensions. The data is available to members for free as a benefit of their membership while non-members can access data upon payment of a subscription fee.

The UK insurance and long term savings provider industry:

  • Is the largest in Europe, and third largest in the world. It manages investments of £1.9trn (equivalent to 25% of the UK’s total net worth).
  • Contributed £29bn to UK GDP in 2012, which equates to more than a fifth of the total value added for the financial services industry.
  • Employs around 334,000 people – 114,300 of which are directly employed by insurance & long term savings provider companies and 219,700 are employed in auxiliary services to insurance and pension funding; such as broking and 3rd party services.

Funds managed by insurance & long term savings providers, by asset class

  • At the end of 2014, £1.9trn of assets was held by insurers & long term savings providers, of which £1.8trn was held by long term savings providers.
  • UK equity holdings have decreased by 12 percentage points over the past 10 years.
  • Unit trust holdings have increased by 11 percentage points.

Latest news

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Small quarterly rise in average motor insurance premium, but 10% year on year increase
The average price paid for private comprehensive motor insurance in the second quarter of 2016 rose slightly by 1% since the previous qua...
ABI comments on Bank of England interest rate cut
ABI comments on Bank of England's decision to cut interest rates to 0.25% and boost QE measures
ABI responds to Treasury report on the impact on pensioners of a Brexit
Any serious economic shocks from Brexit would impact on the value of investments