Insight and Intelligence on the London & International Insurance Markets

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UK motor changes to spark 12% price hike

Matthew Neill 11 January 2017

Forthcoming regulatory changes and claims inflation in the UK motor market will cause price increases of about 12 percent in 2017, according to Bernstein analyst Thomas Seidl.

In a note released today Seidl predicted the increases would result in a 5 percentage point improvement in attritional loss ratios.

But he noted that claims inflation and insurance premium tax would consume 7 percent and 5 percent, respectively, of real margin improvement.

The analyst said the market needed real margin increases as...


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