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The ABI's Insurance and Long-Term Savings Key Facts guide offers facts and figures about UK insurance and its significant contribution both to the economy and society.
The UK insurance and long-term savings industry is the largest in Europe and the fourth largest in the world.
It plays an essential part in the UK’s economic strength, contributing over £16billion in taxes, paid to and collected for the Government, and managing investments of £1.6trillion.
It employs over 300,000 individuals, of which around a third are employed directly by providers with the remainder in auxiliary services such as broking.
The guide provides data from 2020 (unless otherwise stated).
Previous data on claims acceptance rates can be found here.
If you're baffled by insurance please take a look at The Insurance Experiments. In this guide we have made insurance simple to understand, showing you everything you’ll ever need to know.
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Former ABI Code Lists
The former ABI code lists (such as construction, occupation and claims types) are now managed for the insurance industry by Polaris. Enquiries relating to subscription to the lists should be directed here.
Enquiries relating to Code List 44 (Vehicle Identification Codes) should be directed to Thatcham at https://www.thatcham.org/what-we-do/group-rating.
