The report, which is available to Insurance Times subscribers here, once again includes insurers based in the UK and Gibraltar, as well as Lloyd’s syndicates, with Insurance DataLab providing premium and underwriting data for each of the 50 insurance groups.
We analysed the gross written premium (GWP) for every insurer and Lloyd’s syndicate covered by the research to find the 50 largest players in the market – with these insurers now controlling annual GWP worth more than £54bn.
Our co-founder Matt Scott edited the supplement and provided additional analysis of the underwriting performance of the non-Lloyd's insurers, comparing how the larger players compared against those further down the top 50, as well as the wider insurance market outside of these leading insurers.
While the insurers at the top of the rankings benefitted from a lower expense ratio, it was the insurers outside of the Top 50 that performed best from a loss ratio perspective as they reported a marginally better combined operating ratio (COR).
While the Insurance Times report covers the 50 biggest general insurers in the UK and Gibraltar, our digital insight platform includes underwriting and solvency information on every insurer in the market and a breakdown by business line