UK insurance industry

The UK insurance industry provides financial protection by helping individuals and businesses manage risks, such as accidents, health issues, or property damage. Customers pay premiums regularly to insurers, who in turn cover specific costs if those risks materialize. It includes various sectors like auto, health, home, and business insurance. The industry is regulated to ensure stability and fair treatment, with key players including insurers, brokers, and underwriters. Ultimately, it offers peace of mind by transferring potential financial burdens from individuals or companies to the insurer.