Average of £1.13 million paid out every hour in motor claims last year....
UAE Insurance Industry Set to Grow with Motor Profitability Improving
Gross written premiums (GWP) in the UAE motor insurance sector are set to increase on the back of increased vehicle sales in 2023 with underwriting profitability...
Gross written premiums (GWP) in the UAE motor insurance sector are set to increase on the back of increased vehicle sales in 2023 with underwriting profitability...
PR / 2 months ago
Sri Lanka’s Motor Insurance Changes to Hit Non-Life Sector
A new directive that Sri Lankan non-life insurers remit 100% of motor insurance strike, riot, civil commotion and terrorism (SRCCT) premiums to state-owned National Insurance Trust Fund Board...
A new directive that Sri Lankan non-life insurers remit 100% of motor insurance strike, riot, civil commotion and terrorism (SRCCT) premiums to state-owned National Insurance Trust Fund Board...
PR / 3 months ago
Auto Insurer Prospects Improving Amid Price Hikes, Moderating Loss Severity
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We use cookies to deliver our online services, to understand how they are used and for advertising purposes. Details of the cookies we use and instructions on how...
PR / 5 months ago
U.S. Commercial Auto Insurance Profits Struggle Amid Inflation, Litigation
Fitch Ratings expects the U.S. commercial auto insurance segment to remain unprofitable in 2023, with rising claims severity from inflation and burgeoning...
Fitch Ratings expects the U.S. commercial auto insurance segment to remain unprofitable in 2023, with rising claims severity from inflation and burgeoning...
PR / 7 months ago
U.S. P/C Insurers Results Weighed Down by Persistent Auto Struggles
A rough first half for personal auto lines skewed overall solid results for U.S. P/C insurers overall with broad improvement in results likely delayed until 2024, according to...
A rough first half for personal auto lines skewed overall solid results for U.S. P/C insurers overall with broad improvement in results likely delayed until 2024, according to...
PR / 8 months ago
U.S. Auto Insurer Profit Recovery Slow to Materialize
Most U.S. personal auto insurers continue to report underwriting losses despite sharper improvement in premium rates, with the first half of 2023 marked by continued unfavorable claims...
Most U.S. personal auto insurers continue to report underwriting losses despite sharper improvement in premium rates, with the first half of 2023 marked by continued unfavorable claims...
PR / 8 months ago
US Commercial Insurance Revenue Growth, Profits to Moderate in 2023
The U.S. commercial lines insurance segments are being challenged by slower revenue growth, inflation-based claim uncertainty and less favorable...
The U.S. commercial lines insurance segments are being challenged by slower revenue growth, inflation-based claim uncertainty and less favorable...
PR / 11 months ago
Italian Motor Insurers’ Price Rises Outpaced by Claims Inflation
Italian motor insurance underwriting profitability is deteriorating due to insurers’ inability to raise prices enough to keep pace with claims inflation,...
Italian motor insurance underwriting profitability is deteriorating due to insurers’ inability to raise prices enough to keep pace with claims inflation,...
PR / 1 year ago
Auto Insurers Less Likely to Repeat Weak 2022 Underwriting Results
U.S. personal auto insurance writers more active response to unfavorable claims’ severity trends are anticipated to support improvement in 2023 results over...
U.S. personal auto insurance writers more active response to unfavorable claims’ severity trends are anticipated to support improvement in 2023 results over...
PR / 1 year ago
US Commercial Auto Insurance Recovery May Prove Unsustainable
Following a decade of annual underwriting losses, the U.S. commercial auto insurance segment posted a below 100% combined ratio...
Following a decade of annual underwriting losses, the U.S. commercial auto insurance segment posted a below 100% combined ratio...
Article / 2 years ago