PwC predicts “mixed” household premiums after floods
Competition in household will see premiums drop in 2016 with commercial premiums falling as motor rises following impact of flooding and petrol price reductions.
PwC has predicted that household premiums will fall by between 1% and 5% in 2016 for people in homes not affected by flooding.
Mohammad Khan, UK general insurance leader at PwC, said: "Given the flooding throughout December and January, the outlook for UK household insurance premiums is mixed.
"For those not affected by this winter's flooding, competition between insurance companies for their business is increasing, meaning people can expect to renew their policies for lower premiums - by about
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