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Payday: UK insurance industry paid out £55 billion in a year

Mon 7th Jan 19

The Association of British Insurers has today published new analysis which shows that general insurance and long-term savings companies in the UK paid out £153 million every day, which throughout the year is more than the entire GDP of Croatia.

At the same time, the ABI reveals that the industry makes a contribution to the UK economy worth £29.5 billion and paid close to £12 billion in taxes.

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