UK insurance market: total direct life premiums in the United Kingdom 2004-2020
Total insurance premium refers to the amount of money paid for the insurance coverage of the policies issued by insurance companies over a period of time. The amount of life insurance premiums in the United Kingdom (UK) peaked at over 275 billion euros in 2007 after a year on year increase. In 2008, the value sharply decreased to approximately 156 billion euros. In 2020, after almost ten years of fluctuation, the life insurance premiums amounted to approximately 133 billion euros.