Life Insurance Industry Spotlight September 2024

The FSC gathers industry data on Life Insurance and publishes quarterly spotlights for the sector.

This spotlight is a quarterly snapshot for Life Insurance at 30 September 2024.

Key insights include:

• • Since 2011, there has been a significant growth on Trauma becoming the second largest product by covers. Group has shown a significant increase, almost doubling its amount in 2021.
  • Accidental Death, is still the biggest product but has had limited fluctuation over time. On the other hand, Traditional and Credit Insurance have been decreasing.
  • The split by Gender and Age has been consistent at about 60% males and 30% females (10% missing is unknown), and over 50% coming from ages 46-65.

Click here for the downloadable version of the September 2024 industry spotlight.