EY revisions show three years of slowing premium income growth
EY has revised its forecast up slightly for UK non-life insurance premium income growth this year while ticking down the prediction for 2026 and releasing its number for 2027.
In the latest edition of the EY ITEM Club Outlook for Financial Services the experts upped the expectation for this year to 5.2% from 5.1%.
However, the outlook for 2026 has been revised downwards by 0.2% to 4.3%.
In the first release of a 2027 indicator the specialists suggested UK non-life insurance premium income will grow even more slowly at 3.6%.
All three metrics are far below the 8.4% growth in 2024.
Slowing growthAccording to EY, the slowing growth over the next three years will be due to a
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