Top Insurance Companies in the UK: Are you wondering which insurance companies dominate the United Kingdom market? We have the answers – The United Kingdom insurance industry is the largest in Europe and the fourth largest in the world with more than 330 long-term savings providers, 920 general insurers and over 300000 employees. Basically, insurance is one kind of agreement between a company and an individual under which the family of the insured person will be provided a death benefit in the event of an unfortunate accidental death. Here is a list below of largest and top insurance companies in the UK.
Top Insurance Companies in the UK
Following are the best & largest insurance companies in the United Kingdom –
1. Aviva Plc
Aviva Plc is one of the leading life and general insurance company in the United Kingdom and Ireland. The Aviva Plc headquarter is situated in London, and serves about 32 millions customers worldwide including 15 millions in the United Kingdom. The company offers term life insurance & whole life insurance, home, auto and health insurance, transport and aviation insurance. Thus, it is considered one of the top insurance companies in the UK.
2. Legal & General Group Plc
Legal & General Group Plc is another largest insurance provider company in UK, headquartered in London. It is one of the biggest life insurance & corporate pension schemes provider in the United Kingdom. It also offers term & whole life insurance, home and pet insurance, etc. There are almost 10,000 employees over the United Kingdom, USA, Europe and Asia. As of 10th May, 2021, Legal & General had a market capitalization of £17 billion.
3. Direct Line Insurance Group
Direct Line Insurance Group, headquartered in Bromley, England is one of the largest personal motor and home insurance companies based on policies in force. It is also the second largest travel insurance and fourth largest pet insurer company in the United Kingdom. This company was founded in 2012 and considered one of the top insurance companies in the UK. There are almost 10,500 employees across the United Kingdom.
4. Liverpool Victoria
Liverpool Victoria formerly known as Liverpool Victoria Friendly Society is one of the largest insurance companies in the United Kingdom with over 1.3 million customers. It offers a wide range of general & life insurance services as well as car insurance, home and landlord insurance, retirement and investment products. This company was founded in 1843 and considered one of the top insurance companies in the UK.
READ ALSO:– Life Insurance Companies Of India
5. Admiral Group
Admiral Group, headquartered in Cardiff, South Wales, is one of the largest car insurance providers in the United Kingdom. There are almost 11, 000 employees and 7+ million clients, including six million United Kingdom insurance customers. It offers cheap home & landlord insurance, travel insurance, motor insurance, and pension loan products.
6. RSA Insurance
RSA Insurance formerly known as Royal and Sun Alliance, is one of the leading general insurance companies in the United Kingdom. It has almost 9 million customers and considered one of the top insurance companies in the UK. It offers broad rage of products such as home insurance, car & travel insurance, personal, commercial and specialty insurance services through brokers and affinity partners.