Oxbow maintains motor profit predictions after record-breaking year
Oxbow Partners has forecast a combined ratio of 95% for the UK motor market this year, staying profitable at 96% next year.
The experts’ view is more upbeat than competitor EY which has set out an expectation of 111% for 2026.
Oxbow previously predicted the sector would achieve a 93% combined ratio in 2025.
However, in its latest UK Motor Market Report, it updated insurers had performed even better delivering an 89% figure and £1.95bn of pre-tax operating profit.
We continue to believe that the UK motor insurance market will be fiercely competitive. Despite this the dynamics of the market have shifted, and we expect a
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