Households drive market demand, with household spending representing 81.3% of total demand in 2023. Legal & General Group Plc is the largest company in the UK, generating 4.3% of the industry’s total turnover value in 2023. The industry is fragmented, with the top five companies generating 16.2% of total production value in 2023. The total number of companies increases in 2023, to 8,135 units. The costs of the industry increase by 5.4% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 46.4% of turnover in 2023, the highest regionally. With turnover of USD80.9 billion, the UK accounts for 15.4% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Insurance and Pension Funding in the United Kingdom: ISIC 66. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Insurance and Pension Funding in the United Kingdom: ISIC 66 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of insurance and pension funding, monetary intermediation.
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