Best year for UK motor insurance market since 1994, says EY
Research shows second best underwriting result since records began in 1985.
The UK motor insurance market delivered a net combined ratio (NCR) of 96.8% for 2017, according to analysis by accountancy firm EY.
The profitable result was a major improvement on the 109.4% NCR reported in 2016 as well as being the best since 1994 and the second best since records began in 1985.
According to EY’s Annual UK Motor Insurance Results research 2017’s strong figures were driven by premium increases, a fall in injury claims, and a readjustment of reserves for large claims due to
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