UK motor insurance industry COR improves to 106%


The research presented at the business advisory firm's 22nd Annual Motor Insurance Seminar showed that, despite seeing the biggest single-year improvement in profitability, the industry still declared an underwriting loss of close to £600m.

According to Deloitte, insurers in 2011 posted a net combined ratio of 106% which, though loss making, was a significant improvement on 2010 when the net combined ratio was 120%. The firm explained that the 106% was calculated from a market claim ratio of 79%

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