Top Insurance Companies in the UK
The UK insurance market is one of the largest in the world. It features a range of insurers that cater to diverse segments, including life insurance, general insurance, and health insurance.
Britain boasts Europe’s largest insurance market and the world’s 3rd biggest, behind the US and China.
The largest insurance companies in the UK have a combined market capitalization of roughly $168 billion, accounting for about 6% of the global figure of $3 trillion.
Here’s an overview of some of the largest insurance companies in the UK based on market share, revenue, and influence:
Aon
- Headquarters: London
- Global Presence:
- Aon operates in over 120 countries and serves corporations, governments, and individual clients.
- Major markets include North America, Europe, the Middle East, and Asia-Pacific.
- Business Segments
- Commercial Risk Solutions: Insurance brokerage and risk management consulting for businesses across industries.
- Reinsurance Solutions: Risk transfer and capital management solutions for insurers and reinsurers.
- Health Solutions: Employee health benefits, healthcare consulting, and well-being solutions.
- Wealth Solutions: Pension consulting, investment advisory, and retirement planning.
- Data & Analytics Services: Risk assessment and advisory services using data-driven insights.
Website: www.aon.com
Aon Plc leads the list of the top insurance companies in the UK, with a worldwide reach spanning more than 120 countries and territories. The company offers various risk, retirement, and health solutions.
Aviva
- Headquarters: London
- Global Presence: Operates primarily in the UK, Ireland, and Canada.
- Number of Customers: 20 million customers across its core markets in the United Kingdom, Ireland, and Canada. In the UK alone, Aviva has around 17 million customers.
- Business Segments:
- Life Insurance & Pensions: Provides life insurance, annuities, and pension investment solutions.
- General Insurance: Offers home, motor, travel, and business insurance.
- Wealth & Retirement Solutions: Includes workplace pensions, investment management, and wealth advisory services.
- Website: www.aviva.com
As one of the top insurance companies in the UK, Aviva offers a wide range of insurance products, including life, health, home, travel, and general insurance.
Prudential PLC
- Headquarters: London
- Global Presence: Greater China, ASEAN countries, India, & Africa
- Number of Customers: 20 million customers
- Business Segments:
- Insurance Services: Offers life & health insurance products
- Asset Management: Manages investments through its subsidiary, Eastspring Investments
- Website: www.prudentialplc.com
Prudential Plc is a life and health insurance company in the UK and Hong Kong. It operates over 30 life insurance businesses across almost two dozen countries. Its portfolio includes life, accident, health insurance, and property and casualty insurance.
Willis Towers Watson
- Headquarters: London
- Global Presence: over 140 countries
- Number of Customers: 10 million customers
- Business Segments:
- Risk & Broking: Insurance and reinsurance brokerage services
- Human Capital & Benefits: Employee benefits and talent management solution
- Investment, Risk & Reinsurance: Investment advisory and risk management consulting
- Benefit Delivery & Administration: Retirement and health insurance solutions
- Website: www.wtwco.com
Willis Towers Watson is a British-American multinational risk management, insurance brokerage, and advisory company.
Admiral Group
- Headquarters: Cardiff, Wales
- Global Presence: UK, Spain, Italy, France, and the United States.
- Number of Customers: 10.5 million customers
- Business Segments:
- Admiral: Comprehensive insurance products for a broad customer base.
- Bell: Car Insurance
- Diamond: Female Drivers
- Elephant.co.uk: Online insurance solutions
- Gladiator: Commercial vehicle insurance
- Website: www.admiralgroup.co.uk
Admiral Group is one of the top insurance companies in the UK that specializes in car insurance and offers home, travel, and pet insurance products.
Phoenix Group
- Headquarters: Cardiff, Wales
- Global Presence: UK, Ireland, Germany
- Number of Customers: 13 million customers
- Business Segments:
- Phoenix Life: Life insurance and pension funds business.
- Phoenix Wealth: Wealth management arm.
- Phoenix Ireland: Handles Ireland-based businesses being transferred from Phoenix Life.
- ReAssure: A life and pensions company that purchases and administers closed business books from other firms.
- Standard Life UK and Europe: Offers life and retirement savings for individuals and employers.
- SunLife: Specializes in over-50 life insurance.
- Website: www.thephoenixgroup.com
Phoenix Group specializes in managing and acquiring closed life insurance and pension funds. It is one of the top providers of insurance services in the UK and the largest provider of long-term savings and retirement solutions in the UK.
Beazley Group
- Headquarters: London
- Global Presence: North America, Europe, and Asia-Pacific
- Number of Customers:
- Business Segments:
- Contingency insurance: Includes events coverage.
- Cyber & tech: Provides cyber breach solution services.
- Executive risk: Covers management liability.
- Financial lines: Covers professional indemnity.
- Healthcare: Includes international healthcare coverage, medical malpractice liability, and virtual care.
- Marine: Covers pleasure crafts and yachts.
- Property: Insurance designed for homeowners.
- Reinsurance: Includes personal lines, cyber coverage, specialty reinsurance, and surety.
- Small business: Provides events, marine, cyber, and healthcare cover for small enterprises.
- Specialty risk: Provides coverage for advertising agencies and media and entertainment businesses.
- Website: www.beazley.com
Beazley is a specialist insurance company in the UK that underwrites various types of risks, including property, marine, reinsurance, accident, and life insurance.
Direct Line Group
- Headquarters: Bromley, England
- Global Presence: North America, Europe, and Asia-Pacific
- Number of Customers:
- Business Segments:
- Direct Line: Provides personal lines products, including home, pet, travel, life, and cycling policies.
- Churchill: Offers car, home, travel, and pet policies, which clients can access over the phone and online.
- Darwin: Targets customers who buy motor insurance primarily through price comparison websites.
- DLG Auto Services: The group’s network of car repair shops.
- DLG Legal Services: Provides customers affordable access to legal services covered by Motor Legal Protection and Family Legal Protection products.
- DLG Partnerships: Helps organizations provide coverage to clients through the group’s brands.
- Green Flag: Direct Line Group’s roadside rescue and recovery service
- NIG: Specializing in commercial insurance
- Website: www.directlinegroup.co.uk
Direct Line Group offers a range of general insurance products, including car, home, pet, and travel insurance.
RSA Insurance Group
- Headquarters: London
- Global Presence: UK, Canada, Ireland, over 100 countries
- Business Segments:
- Construction, engineering and rail insurance
- Food and beverage insurance
- Marine insurance
- Renewable energy insurance
- Retail Insurance
- SME insurance
- Website: www.rsainsurance.co.uk
RSA Insurance Group offers a wide range of personal, commercial, and specialty insurance products to individuals and businesses across the UK.
Legal & General
- Headquarters: London
- Global Presence: UK, US, Asia, and Europe
- Business Segments:
- Legal & General Investment: Asset manger
- Legal & General Retirement: Provides annuities and retirement income solutions
- Legal & General Capital: infrastructure, housing, and venture capital investments
- Legal & General Insurance: Life insurance, critical illness cover, and protection products
- Website: www.legalandgeneral.com
As one of the top insurance companies in the UK, Legal & General offers life insurance, general insurance, pensions, and investment management services.
