2019/20 have been turbulent years for home insurance in terms of claims, significant mergers and divestments and changed underwriting capacity. IRN Research estimates that home insurance gross written premiums (GWP) will reach around £7 billion in 2020, a rise of 2% compared with 2019.
Predicting future premiums growth is very difficult at the moment given the uncertainties about when the effects of the COVID-19 pandemic will come to an end, and the pandemics final economic impact. Overall, IRN expect to see no growth in GWP in 2021, however, growth will return after 2021.
The briefing (51pp, PDF), is available directly from IRN Research
