United Kingdom Life Insurance Premium Penetration (% of GDP) (2024)
United Kingdom's Life Insurance Premium Penetration (% of GDP): 8 % of GDP in 2024, unchanged YoY. OECD (OECD.DAF.CM:DSD_INS@DF_IND), 2000–2024.
United Kingdom (2024)
8
% of GDP
unchanged YoY
YoY Change
unchanged
percentage points
Trend
neutral
Series length
25
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2024 | 8 | unchanged |
| 2023 | 8 | +0.4pp |
| 2022 | 7.6 | -0.9pp |
| 2021 | 8.5 | +0.1pp |
| 2020 | 8.4 | -0.6pp |
| 2019 | 9 | -0.6pp |
| 2018 | 9.6 | +0.5pp |
| 2017 | 9.1 | +3pp |
| 2016 | 6.1 | -1.5pp |
| 2015 | 7.6 | -0.4pp |
| 2014 | 8 | unchanged |
| 2013 | 8 | -1.5pp |
| 2012 | 9.5 | +0.8pp |
| 2011 | 8.7 | -0.6pp |
| 2010 | 9.3 | -1.1pp |
| 2009 | 10.4 | -1.3pp |
| 2008 | 11.7 | -5.1pp |
| 2007 | 16.8 | +1.7pp |
| 2006 | 15.1 | +6.1pp |
| 2005 | 9 | +0.6pp |
About this Dataset
United Kingdom recorded 8 % of GDP in 2024. That is unchanged on the previous period. Across 2000–2024 the series ranges from 6.1 % of GDP in 2016 to 16.8 % of GDP in 2007.
This page tracks life insurance gross written premiums as a share of GDP in United Kingdom. Life insurance penetration measures the depth of long-term savings mobilisation through the insurance channel.
Data sourced from OECD via SDMX REST API. Values use harmonised methodology intended for cross-country comparison.
Frequently Asked Questions
This page tracks life insurance gross written premiums as a share of GDP in United Kingdom. Life insurance penetration measures the depth of long-term savings mobilisation through the insurance channel. It is published by OECD and updated annually.
The most recent observation covers 2024. OECD typically publishes this series with a lag of several months after the reference period. The series runs 2000–2024 (25 observations).
The series peaked at 16.8 % of GDP in 2007 and reached its lowest recorded value of 6.1 % of GDP in 2016. The latest reading is 8 % of GDP in 2024. That is unchanged on the previous period.