Households drive market demand, with household spending representing 78.0% of total demand in 2020. Legal & General Group Plc is the largest company in the UK, generating 4.3% of the industry’s total turnover in 2020. The industry is fragmented, with the top five companies generating 16.3% of total turnover in 2020. The total number of companies decreases in 2020, to 4,954 units. The costs of the industry decrease by 0.3% in 2020, largely driven by declining labour costs. The industry’s profitability increases and stands at 41.6% of turnover in 2020, the highest in the region. With turnover of USD79.0 billion, the UK accounts for 18.3% of the Western Europe total in 2020.
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This Euromonitor industrial report provides unique information on Insurance and Pension Funding in the UK: 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 UK: ISIC 66 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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