Insurance in Scotland

The insurance industry makes a huge contribution to the Scottish economy.

Over one percent of Scotland’s working population is employed in the insurance sector, accounting for 24 percent of the UK-wide insurance industry workforce.

The Scottish insurance sector provides a full range of services including general insurance, life assurance and pensions and deals with a UK wide customer base.

General insurance, life assurance and pensions

The insurance industry in Scotland dates to the early 1700s and is famous for a long tradition of reliability and quality service.

Scotland is still recognised as an important centre for the industry today, offering a vibrant insurance sector and a wide range of services.

Scotland’s insurance industry enjoys particular expertise in general insurance, life assurance and pensions.

Four major insurance companies have their headquarters in Scotland:

• Standard Life 
• Scottish Widows 
• AEGON UK 
• Bright Grey

Other companies with similar operations in Scotland include Prudential while Aviva have opened two centres of excellence here.

Scotland's insurance industry strengths