UK motor premiums to fall again in 2013, says Deloitte

Figures presented at the firm’s annual motor insurance seminar showed that total motor insurance premiums in 2012 were worth £13.1bn, down slightly from 2011 when total premiums equalled £13.3bn.

Insurers posted a net combined ratio of 105% in 2012, a 1% improvement on 2011’s net combined ratio of 106%, according to Deloitte's research.

James Rakow, insurance partner at Deloitte, commented: “Our survey indicates that the market at present is evenly split on whether premiums will rise or fall