The Association of British Insurers has published “Insurance Statistics Yearbook,” covering the years between 1989 and 1999. It offers comparisons of the different years and traces the growth of the industry.
The figures show, for instance that “Insurers collected £543.6 billion (almost $790 billion) worth of life and pensions premiums in the UK during the nineties – almost £150 million ($218 million) every single day.”
Mary Francis, the ABI’s Director General stressed the economic importance of the insurance industry, saying, “British insurers underpin the UK economy. According to the Office for National Statistics, the British insurance industry adds nearly 2% in terms of ‘value added’ to our economy. There is virtually nothing we do – as individuals and as businesses – which does not rely on insurance to some extent.”
Members of the ABI can obtain a copy from the association’s website at: www.abi.org.uk. Non-members may place an order for the hard copy, available after October 20th for £55 ($80) by E-mail at Kevin.Wright@abi.org.uk.
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