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