Zurich to force through further rate increases
Private motor to see 20% increases on rate
Zurich UK is to implement substantial rate increases in its personal lines motor book in a bid to offset escalating claims costs. In the broker channel, these increases are expected to be up to 20%.
In a statement, Zurich said it had seen a substantial rise in the average cost of third party damage claims and the frequency of bodily injury claims, both of which had contributed to what the insurer described as "the unsustainable motor market combined ratio" in recent years. This trend
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