§ Mr. Stuart Holland
asked the Secretary of State for Trade and Industry what was the share of total insurance transactions, including life, property and vehicle insurance but excluding Lloyd's, accounted for by the top five insurance companies in the United Kingdom in 1948, 1958, 1968, 1978 and 1983, or the nearest available year in each case.
§ Mr. Fletcher
In 1980, the share of net premium income (that is to say net of refunds, rebates and premia for re-insurance ceded for United Kingdom business of all United Kingdom-authorised insurance companies) accounted for by the five United Kingdom-authorised companies with the highest such net premium income, was 23.4 per cent.
1980 was the first year when information in a suitably available form to answer the hon. Member's question was prepared (in "Business Monitor MA16, Insurance Business Statistics 1980"). The figures for subsequent years have not yet been published. Information from other sources could only be collected at disproportionate cost.