UK motor insurers to return to red in 2021 after 2020 Covid bounce: EY
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
  • Free Trial
  • Log in

UK motor insurers to return to red in 2021 after 2020 Covid bounce: EY

Samuel Casey
09 June 2021
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email

The UK motor insurance market reported a net combined ratio of 90.3% in 2020 but is expected to return to loss-making underwriting in 2021, according to EY.

EY said the positive 2020 result was driven predominantly by Covid-19, which resulted in a 20% fall in vehicle usage and a 28% drop in motor claims.

The

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

Motor reinsurance News Re/insurers
sam casey/sam casey ii red.png
Samuel Casey
Senior Reporter
Contact
Gift this article