Insurance is a significant part of any enterprise since future risks and possible losses are beyond human comprehension. However the meaning of insurance in modern times
is not restricted to mere philanthropic endeavor and it has grown into a major financial industry with consistent growth. Insurance is an age-old practice (initially the idea of insurance was largely restricted to life, health, accident, and now it has widened to include more concepts). The global insurance industry has received its largest boost from the developed economies such as the US, Japan, the UK, and others. In fact, the first instance of issuance of insurance in its modern sense had taken place in the UK, when in the aftermath of the Great Fire of London in 1666 Nicholas Barbon began building insurance business. The UK has a rich insurance industry with a great many insurance companies (both life and non-life) of worldwide reputation (illustrated from the fact that the volume of UK insurance business had totaled nearly $300bn in 2004). For more information on
UK Insurance Companies, please explore the following links:
• AVIVA
• RBS Group
• Zurich Financial Services
• Royal & SunAlliance
• Axa
• Allianz Cornhill
• BUPA
• HBOS
• NFU Mutual
• Cooperative Insurance Society
• Prudential
• Standard Life
• Lloyds TSB Group
• Legal and General
• Axa Repetition
• Zurich Financial Services Repetition
• ALICO
• Aegon
