Insurance optimism up as business volumes grow

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Profitability for insurance brokers increased at its fastest pace since March 2011 for the three months to September 2013, research from Price Waterhouse Coopers (PwC) has reported.

Brokers also experienced a marked increase in business volumes, which PwC said had "exceeded expectations".

The survey stated that further growth in volumes and profitability is expected in the next quarter. 

Optimistic
Meanwhile, general insurers were mildly more optimistic than in the previous quarter, with business volumes showing a second successive quarter of growth.

Profitability rose at its fastest pace since March 2008, which PwC stated was due to higher fee and premium income and a fall

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