Scotland’s insurance sector dates back to the eighteenth century when the industry was driven by the need for marine insurance as international trade began to grow. Today Scotland’s insurance industry is a major employer, servicing customers across the UK. Companies based in Scotland provide general insurance, life assurance and pensions.

Key facts

• Almost 20,000 people are employed in the sector.
• Large insurance companies like AEGON UK, Standard Life, Scottish Widows and Bright Grey (part of Royal London) are based in Scotland.
• Major insurance companies like Prudential have substantial Scottish based operations.
• Aviva have established two centres of excellence in Scotland.
• Life assurance companies based in Scotland manage over £726 billion.