New ABI figures for annual income and expenditure in the UK general insurance market have now been published. The figures for 2012 show:
-
In 2012, total UK net premiums (excluding home-foreign and overseas) were £33.2bn. - Motor insurance accounted for 35% of total net premiums, property accounted for 26% of total premiums while accident and health accounted for 14%.
- The rest of the premiums were allocated to liability, miscellaneous and pecuniary loss, reinsurance and MAT.
- This represented a 2% decrease in net premiums compared to 2011, when UK net premiums were £34bn.
The complete figures and other detailed statistics on the insurance industry are available to purchase. See our industry data section for more details.