Insurers in the emirate typically buy low-attaching reinsurance....
UK motor insurers expect 2023 to be worst performing year since 2010
EY’s UK Motor Insurance Results reveals a net combined ratio (NCR) of 114.6% is now forecast for motor insurers in 2023 – up from 108.5% forecast in June.
EY’s UK Motor Insurance Results reveals a net combined ratio (NCR) of 114.6% is now forecast for motor insurers in 2023 – up from 108.5% forecast in June.
Article / 4 months ago
UK motor and home insurers expect to make largest annual loss in well over a decade this year, with further losses forecast in 2023
Despite a profitable 2021, both motor and home insurers expected to make large losses in 2022 due to inflation increases and premium rate falls
Despite a profitable 2021, both motor and home insurers expected to make large losses in 2022 due to inflation increases and premium rate falls
Article / 1 year ago
UK motor insurance market to record profit in 2020 due to COVID-19 lockdowns - but loss expected in 2021
2020 is now predicted to have a Net Combined Ratio (NCR) of 93.8% (improved 1% vs EY’s previous June forecast)...
2020 is now predicted to have a Net Combined Ratio (NCR) of 93.8% (improved 1% vs EY’s previous June forecast)...
Article / 3 years ago
COVID-19: How insurers can meet the evolving needs of their customers
To support recovery and generate new business coming out of the crisis, the industry must focus on customers, products and distribution...
To support recovery and generate new business coming out of the crisis, the industry must focus on customers, products and distribution...
Article / 4 years ago