Insurers to suffer COR deterioration as motor premiums plummet by £400m
Motor insurers are facing a couple of challenging years in which the market average combined operating ratio could deteriorate to 105%, according to Deloitte calculations based on declining motor premiums.
Figures from the business advisory firm's 25th annual motor insurance seminar showed that the volume of UK motor insurance premiums has declined by approximately £400m to £13bn in the last year.
Despi
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