UK Underwriting Result by Sector in the General Insurance Market,
Datamonitor has painted a grim picture for the future of the motor market. In its latest report UK P...
Datamonitor has painted a grim picture for the future of the motormarket. In its latest report UK Personal and General Insurance 1999/2000,
the analyst says that motor insurers face a no-win situation, with the
market raising premiums by an average of 10% in 1998, but then suffering
claims of £6bn - an increase of over 8%. Also, in the property market,
storm-related claims hiked claims costs by £300m, compared with 1997. The
cost of motor-related personal injury claims is also rising.
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