Date: 11 February 2019
Disclosure:
(1) Bankruptcies per year of insurance and reinsurance firms in the UK
The table below provides the number of bankruptcies per year of insurance and reinsurance firms in the UK between 1 April 2013 and 25 October 2018:
| Year | Number of bankruptcies |
|---|---|
| 1 April - 31 December 2013 |
1 |
| 1 January - 31 December 2014 |
2 |
| 1 January - 31 December 2015 |
3 |
| 1 January - 31 December 2016 |
1 |
| 1 January - 31 December 2017 |
0 |
| 1 January - 25 October 2018 |
1 |
(2) The table below sets out the percentage per year of active firms authorised and regulated by the Prudential Regulation Authority (‘PRA’) as at each year end from 2013 through to 2017. The number of non-UK insurance and reinsurance firms writing business in the UK bears no relation to the amount of business written by these firms.
| Year end | UK insurance and reinsurance firms authorised by the PRA | EEA authorised insurance and reinsurance firms with permission to conduct business in the UK | EEA authorised insurance and reinsurance firms actively conducting business in the UK | Of insurance and reinsurance firms authorised to conduct business in the UK, the percentage that are authorised by the PRA | Of active insurance and reinsurance firms authorised to conduct business in the UK, the percentage that are authorised by the PRA |
|---|---|---|---|---|---|
| 31 December 2013 |
556 | 699 | 349 | 44% | 61% |
| 31 December 2014 |
526 | 797 | 368 | 40% | 59% |
| 31 December 2015 |
496 | 755 | 344 | 40% | 59% |
| 31 December 2016 |
464 | 773 | 352 | 38% | 57% |
| 31 December 2017 |
443 | 792 | 408 | 36% | 52% |