Insurance and long-term savings: How they work for you
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.
Read Key Facts 2022
The guide provides data from 2020 (unless otherwise stated).