Home insurers pay out lowest claims in a decade at £2.5bn, says EY
But expenses surpass claims for the first time on record according to the firm.
Home insurers enjoyed the lowest claims year since 2004 and paid out £2.5bn in 2014 according to Ernst & Young analysis.
However according to the accountant for the first time on record insurers paid more in expenses than claims at just under £2.6bn.
The firm said insurers are set to report strong reports in 2015 following the low claims of last year.
It added the UK home insurance market achieved a 92% net combined ratio (NCR) in 2014 and is expected to be even more profitable in 2015 by
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