Fitch revises 2015 outlook for insurance market to stable from negative
While the outlook for the company market improves, the London market moves from stable to negative.
Fitch Ratings has revised its 2015 outlook for the UK non-life insurance market to stable from negative primarily due to an expected halt in falling motor premiums.
However, a new report by the agency warned that non-life insurers will continue to face pressure on their underwriting margins due to fierce competition.
Fitch said that it anticipated that the expected halt in declining motor premiums will be partly offset by pressures on the personal household market.
It believes motor players are
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