-

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

Best's Review Looks at Leading Insurance Companies and Their Executives

OLDWICK, N.J.--(BUSINESS WIRE)--In the July issue, Best’s Review examines top insurers and the people who lead them. This includes a look at the Top 20 Global Insurance Brokers ranked by total 2025 revenue. Consistency was the theme in this year’s list as the top company retained its title for the 16th consecutive year. Another insurer’s recent acquisition vaulted it up two spots, from seventh to fifth. Read more in “Top Global Insurance Brokers – 2026 Edition.” Best’s Review is AM Best’s month...

AM Best Introduces US Life Version of Best's Capital Adequacy Ratio Model Product

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has launched a new subscription for the Best's Capital Adequacy Ratio (BCAR) Model product, offering access to a capital model for life insurers. “We are excited to expand the BCAR Model product line,” said Adriana Franco, vice president of product strategy at AM Best. “This new subscription option helps customers assess risk-adjusted capitalization levels under changing conditions for life insurance companies. “Best's Capital Adequacy Ratio Model – Life,...

AM Best Assigns Credit Ratings to WoodStar Reciprocal Exchange

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to WoodStar Reciprocal Exchange (WoodStar) (Little Rock, AR). In addition, AM Best has assigned a Long-Term Issue Credit Rating of “bbb” (Good) to the $220 million, 9.5% fixed surplus notes, due 2041, issued by WoodStar. The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect WoodStar’s balance sheet strength, w...
Back to Newsroom