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Top 10 key insurance facts

1.

3rd

1.

The UK is the 3rd largest insurance & long term savings industry in the world and the largest in the EU

4.

334,000

4.

334,000

There are 334,00 people employed in the UK insurance industry

7.

£2.5bn

7.

£2.5bn withdrawn from pensions in first three months following April reforms

2.

£29bn

2.

£29bn

UK insurers contribute £29bn to GDP

5.

£40m

5.

£40m

£40m was paid out each day in motor and property claims

8.

50%

8.

50%

50% of workers pay into a workplace pension

10.

£1.3bn

10.

£1.3bn

£1.3bn in detected fraudulent claims

3.

£1.9trn

3.

£1.9trn

UK insurers held £1.9trn invested assets

6.

£370m

6.

Travel insurers paid out £370m in claims to travellers who needed help

9.

98%

9.

98% of protection claims were paid out