Analyst warns of 115% industry motor COR in 2016
UK motor underwriting cycle “has reached a very unattractive position” according to Berenberg.
Equity research analysts Berenberg have warned that the UK motor insurance market is about to enter a challenging period.
In a research note titled UK motor insurance - Pains, claims and automobiles, the firm stated that market-wide profitability is set to decline significantly from peak levels over the next few years as a result of material reductions in pricing.
The document, written by analyst Sami Taipalus, said that the firm expected the market combined ratio to be above 115% by 2016.
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