Optimism falls as business volumes decline in general insurance sector
Insurance brokers' outlook improved as profitability stayed stable.
The UK’s financial services firms saw another rise in business volumes in the three months to June 2014, except in parts of the insurance industry and the finance houses sector, according to the latest CBI/PwC survey.
General insurance was the only sector in the survey where respondents were less optimistic relative to three months ago.
Business volumes in the sector fell for the first time since early 2013, which the CBI/PwC said was “driven by a decline in business with overseas customers”.
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