Life insurance income continues fall - ABI

This included around £6.2bn (£17m per day) paid out in death and disability benefits. However life premiums decreased by 1% and pension premiums decreased by 8%, to a combined value of £110bn in 2010, a 7% decrease over 2009. The fall in life premium income continued a ten year trend that has seen it halve from around £40bn in 2000 to just £20bn in 2010 (see dark blue sectors on chart). This low is even more remarkable given the peak in 2007 at around £50bn, but highlighted both the falling demand and significant price cutting witnessed in the market since the banking crisis broke....