UK insurers' reserve releases not sustainable, says Deloitte
Deloitte's analysis of Financial Services Authority (FSA) returns has found that motor insurers had ...
Deloitte's analysis of Financial Services Authority (FSA) returns has found that motor insurers had a net operating ratio of 101.4% in 2006, the sixth year of clear operating profit.
However, the headline results masked a significant downturn in underlying operating performance, as insurers released more than £800m from their reserves to offset poor underwriting experience.
According to the analysis, the UK insurance market experienced an underwriting loss of £120m across both its commercial and
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