Road to recovery
Although motor rates are on the up, a rise in claims inflation means insurers still have a long journey ahead before the sector regains profitability, explains Louise Meeson
As the recession continues to decimate investment returns, motor insurers are under more pressure than ever to make their books turn a profit. However, while there are tentative signs that rates in the sector are creeping up, claims inflation is also on the rise.
According to Aon's most recent market pulse research, 91% of underwriters predicted an increase in motor premiums in the third quarter, a complete U-turn from earlier in the year when all those questioned stated there would be no
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