Motor rates must continue to rise.
Motor insurers must continue to push through rate increases if the market is to make a return to pro...
Motor insurers must continue to push through rate increases if themarket is to make a return to profitability, actuary English Matthews
Brockman has warned.
Last month, the non-life actuary published an analysis of the 1999 FSA
returns, highlighting the fact that last year motor insurers continued to
make big losses.
Underwriting losses exceeded £1.3bn in 1999, an improvement on the £1.8bn
lost in 1998 but still higher than market expectations. The consulting
actuary, said the losses suggest that
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