Securing the economy and supporting communities The UK insurance and long-term savings industry is the largest in Europe and the fourth largest in the world. It plays an essential part in the UKs economic strength, managing investments of almost 1.7 trillion and over 16 billion in taxes paid to and collected for the Government. It employs around 321,000 individuals, of which around a third are employed directly by providers with the remainder in auxiliary services such as broking. On behalf of its members, the ABI works with government, regulators and policymakers to create and maintain e ective insurance mar ets for consumers and re resents the UK insurance and long-term savings market in the media. We provide consumers with general information on insurance and savings products and services, and promote best practice, transparency and high standards within the industry. This document provides a summary of UK insurance and long-term savings industry facts and figures he data is ased on information unless other ise stated and here availa le a out UK insurance and long-term savings and its significant contribution both to the economy and society.