The total amount of gross claims in the UK is expected to value over GBP 184 bn by 2018, according to a new study on ASDReports

Wednesday 2 July 2014, Amsterdam

Report description overview:

The new report, now available on ASDReports, Life Insurance Claims and Expenses in the UK to 2018: Market Databook contains detailed historic and forecast data claims and expenses in the life insurance industry in the UK. This databook provides data on gross claims, paid claims, change in outstanding reserves, incurred loss, loss ratio percentage, commissions and expenses, combined ratio percentage and insurance fraud and crimes.


The difference:

•    Confidently update your strategic business decisions by using historical and forecast data for claims and expenses in the life insurance industry in the UK for the period 2009 through to 2018.
•    Acquire a breakdown of market data including data on gross claims, paid claims, change in outstanding reserves, incurred loss, loss ratio percentage, commissions and expenses, combined ratio percentage and insurance fraud and crimes.
•    Gain a critical insight into the impact of industry trends and issues, and the risks and opportunities they present, to better position your business for future growth.  



Additional report highlights:

•    The change in outstanding reserves in life insurance in the UK is expected to value just under GBP1 billion by 2018.

•    In the forecast period, the loss ratio for the life insurance segment in the UK is expected to decrease from 142% in 2013 to 131% in 2018.
 
•    The amount of fraudulent claims in the UK is expected to be over GBP1 billion in 2018, this is  an increase of over 11% from 2013.