Who's Who

(... in the Insurance World?)

Now for the science bit ...
... The Big Daddy of the UK industry is The Association of British Insurers (ABI).

Over 800 companies have the green light either from the UK or another European Economic Area member to sell you insurance.

Of these, just under 600 carry out general insurance only e.g. car, home, travel and commercial; 160 specialise in long-term business only (such as life insurance and pensions) and 54 can do either.

Motor Insurers

Of the 600 in general insurance, just 10 companies mop up a massive 87% of the motor business -

1. Norwich Union
2. Zurich Financial Services
3. Royal & SunAlliance
4. Allianz Cornhill
5. NFU Mutual
6. AXA
7. Co-operative Insurance Society
8. Churchill Group
9. Groupama Insurance Group
10. SCOR UK

Property Insurers

The biggest 10 property insurers stitch up 85% of the market -

1. Norwich Union
2. Royal & SunAlliance
3. Churchill Group
4. Zurich Financial Services
5. Lloyds TSB General Insurance
6. Direct Line Group
7. Prudential
8. Legal & General Insurance
9. AXA
10. Co-operative Insurance Society

Health Insurers

For health insurance the top 10 are

1. BUPA
2. AXA PPP Healthcare
3. Norwich Union
4. Standard Life
5. Royal & SunAlliance
6. GE Financial Insurance
7. Legal & General Insurance
8. Groupama Insurance Group
9. Exeter Friendly Society
10. Churchill Group

The long-term insurance market is not so concentrated.

The largest 10 companies account for 68% of business.