UK motor insurers sustain profits

UK motor insurers were able to sustain profits for a second straight year in 2002 after four years of loss-making, according to analysis by professional services firm Deloitte. Deloitte believes that the industry has entered a period of 'cruise control', and that many insurers can expect to remain profitable until 2007. Despite a continued improvement in the loss ratio in 2002, Deloitte said that claims and expenses still marginally exceeded premiums. However, investment income earned outwei