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Resilience and learning from insurance firms: Dataset on British long-term insurance market performance
Oluwasoye P Mafimisebi1, Ifeanyichukwu Nworie2, Sara Hadleigh-Dunn3
1Leicester Castle Business School, De Montfort University, LE1 9BH Leicester, UK.
Abstract:
This data article revealed data about the UK long-term insurance market performance for over a decade. The data was acquired from the ABI and contains important trading results (i.e. premiums generated) across different types of long-term insurance. It also revealed the outgoings (i.e. claims incurred) and data on total individual business in force at year end - relating to number of policies. The data relates specifically to life and annuities, individual pensions, occupational pensions, income protection and other insurance business. The dataset revealed some important information on long-term insurance products within the UK insurance market which could serve as a high-quality resource for longitudinal analysis in the field. Thus, the data can provide crucial insights about UK long-term insurance market resilience during the global financial crisis and can be compare with different era, sectors and countries to show hidden business resilience factors, competitiveness and survival strategies.
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