UK Motor Insurance faces uphill battle amidst rising costs and future profitability: EY
Reinsurance News - Jul 15, 2024
The UK motor insurance market faced its most challenging year since 2011, recording a loss-making Net Combined Ratio (NCR) of 112.8% in 2023, but with declining inflation and rising premiums a return to profitability is foreseen, according to Ernst & Young (EY), a professional services firm. Thi...
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