Road to recovery
Although motor rates are on the up, a rise in claims inflation means insurers still have a long journey ahead before the sector regains profitability, explains Louise Meeson
As the recession continues to decimate investment returns, motor insurers are under more pressure than ever to make their books turn a profit. However, while there are tentative signs that rates in the sector are creeping up, claims inflation is also on the rise.
According to Aon's most recent market pulse research, 91% of underwriters predicted an increase in motor premiums in the third quarter, a complete U-turn from earlier in the year when all those questioned stated there would be no
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Broker
Cyber insurer adds Deepfake Response Endorsement to policies
Cyber insurance specialist Coalition has added a new Deepfake Response Endorsement to its policies globally, including the UK, it has announced.
Partners& hires managing partner to wellbeing division
Partners& has hired Tom Klinkenberg from Lockton as managing partner of wellbeing, health and protection.
FCA confirms insurance rules simplification
The Financial Conduct Authority has confirmed changes to simplify its rules for brokers and insurers including ongoing training and product reviews and revealed further plans for next year.
End of Year Review 2025: nCino’s Ashleigh Gwilliam
Ashleigh Gwilliam, director of insurance at nCino calls for more to be done to make insurance careers genuinely attractive to young talent and predicts AI will be handling first-pass underwriting decisions on at least 30% of SME commercial risks by the end of next year.
PIB updates on progress following aborted Gallagher deal
PIB Group has revealed its M&A activity will be “exclusively centered” on Spain, Netherlands, Germany, and France next year as it hailed a record 27 deals to September 2025.
With Brewis and Mills gone, what can brokers expect from the FCA in 2026?
Compliance experts are hoping for a slowdown and simplification of rules from the Financial Conduct Authority throughout 2026 following Matt Brewis and Sheldon Mills exit from the regulator. Rosie Simms reports.
Two in five brokers expect telephone/in-person sales growth despite tech upsurge
Two fifths of brokers see growing in-person sales as distinguishing factor in an increasingly digital age, according to a survey of commercial and personal lines brokers by Open GI.
End of Year Review 2025: Corin Underwriting’s Andy Hurrell
Corin Underwriting CEO Andy Hurrell outlines the view a softening market rewards discipline; raises an eyebrow about the number of MGAs doubling down on scale over specialism; and advises rather than reacting to the crowd, back your underwriting judgement.