Fitch Ratings predicts fall in insurer profitability in 2020
Fitch warns that the FCA's potential ban on dual pricing can lead to "significant strain" as it declares a negative outlook for UK home and motor insurers.
The outlook for UK home and motor insurers in 2020 is negative due to a high claims inflation and a weak pricing environment, according to Fitch Ratings.
The credit rating agency stated that it expected these factors to lead to a fall in insurer’s underwriting profitability.
In addition, it warned that regulatory measures to reform pricing practices could impact profitability and “put significant strain” on insurers’ business models.
Dual pricing
In October, the Financial Conduct Authority
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