Non-life insurance in the UK: negative outlook for 2020

AssuranceAccording to Fitch Ratings, a decline in the profitability of the British non-life insurance market is expected in 2020. This is due to the rising cost of disasters and to the low prices of motor and homeowner's insurance.

For the rating agency, this negative outlook is accounted for by:

  • a stiff competition between insurers,
  • regulatory measures to reform pricing practices,
  • use of insurance comparators, spreading the low cost culture.

However, despite this negative environment, Fitch expects a combined ratio close to 100% for homeowner's insurance.

Read also | Motor and homeowner's insurance tariffs under control in the United Kingdom

Your rating: None
Advertising Program          Terms of Service          Copyright          Useful links          Social networks          Credits