Motor insurance market delivers 2015 loss
Ernst & Young predicts profitable period has come to an end.
The short period of profit-making in the motor insurance market has come to an end, according to Ernst & Young's (EY) annual motor insurance results report.
The advisory firm said the industry had dropped back into the red in 2015 after two years of profitability following the 2013 reforms to the personal injury compensation system.
However, EY predicted there would be a slight improvement in insurers' net combined ratio (NCR) following recent premium rate increases.
The industry posted a
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