-

Best's Market Segment Report: AM Best Revises Outlook to Stable for UK Life Insurance Market

LONDON--(BUSINESS WIRE)--AM Best is revising its outlook for the United Kingdom's life insurance segment to stable from negative.

A new Best's Market Segment Report, “Market Segment Outlook: United Kingdom Life Insurance,” points in particular to strong opportunities for pension-related products, which continue to dominate the business mix of the segment. In AM Best’s view, the U.K. life segment is well-capitalised to fund medium-term expansion, and there are opportunities to tailor prudential regulation to the specifics of the sector following Brexit.

The report notes also that COVID-19 and Brexit-related economic uncertainty is subsiding, although inflation concerns persist, and that the U.K. economy is expected to recover with the removal of pandemic-related restrictions.

However, the potential burden on management from the implementation of IFRS 17 and the heightened geopolitical tensions that are increasing economic uncertainty and investment market volatility moderate the outlook.

To access a complimentary copy of this special report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=319305.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2022 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Stanislav Stoev, ACCA
Financial Analyst
+44 20 7397 0306
stanislav.stoev@ambest.com

Richard Banks
Director, Industry Research – EMEA
+44 20 7397 0322
richard.banks@ambest.com

Ghislain Le Cam, CFA, FRM
Director, Analytics
+44 20 7397 0268
ghislain.lecam@ambest.com

Jim Peavy
Director, Communications
+1 908 439 2200, ext. 5644
james.peavy@ambest.com

AM Best


Release Versions
Hashtags

Contacts

Stanislav Stoev, ACCA
Financial Analyst
+44 20 7397 0306
stanislav.stoev@ambest.com

Richard Banks
Director, Industry Research – EMEA
+44 20 7397 0322
richard.banks@ambest.com

Ghislain Le Cam, CFA, FRM
Director, Analytics
+44 20 7397 0268
ghislain.lecam@ambest.com

Jim Peavy
Director, Communications
+1 908 439 2200, ext. 5644
james.peavy@ambest.com

Social Media Profiles
More News From AM Best

AM Best Assigns Credit Ratings to Hydor Insurance Limited

LONDON--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Hydor Insurance Limited (HIL) (Guernsey). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect HIL’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management. HIL’s balance sheet strength assessm...

AM Best’s 2026 Student Challenge Winners Announced

OLDWICK, N.J.--(BUSINESS WIRE)--Faiza Ahmed and Anushka Nagaraj of Temple University have been named the winners of AM Best’s 2026 Student Challenge for their entry, “DIGInsured: A Captive Insurance Model for Digital Creators.” DIGInsured centers on a digital creators’ association and a captive insurer with cells to segment insureds by risk. Samit Bin Alam, St. John’s University – Peter J. Tobin College of Business, took second place for “CLARNOR: Continuous AI Oversight for Insurance Systems.”...

Best’s Market Segment Report: Japan Life Insurers’ Use of Reinsurance More Than Doubled Since 2020

HONG KONG--(BUSINESS WIRE)--Japan’s life insurers have increasingly relied on reinsurance in recent years, with the overall cession rate as a percentage of total gross premium written for the segment rising to more than 24% in 2023 and 2024 from just under 10% in 2020, according to a new AM Best report. According to the new Best’s Special Report, “Japan Life Insurers Increase Use of Reinsurance,” the implementation of an economic value-based solvency regulation framework is driving the increase...
Back to Newsroom