Home and motor to be unprofitable next year, says EY

- By Judith Ugwumadu
- @InsuranceJudith
- 20 Dec 2016
- Indicative reading time: 1 minute

Maintaining low premiums for customers and achieving healthy earnings will be a struggle for the market, according to advisory firm.

Home and motor markets are increasingly likely to end 2017 in the red, EY has reported.

The advisory firm also warned that insurers were not going to be able to keep propping up profits with high reserve releases.

Tony Sault, UK general insurance leader for EY, explained that challenges such as "relentless" price competition and maturing aggregator channels mean insurers will feel the pressure in an already soft market.

Struggle
Sault argued that over the coming year providers would struggle to

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