Industry facing 108% COR for 2015 as floods wreak havoc on home profits


Figures put forward by business advisory firm Deliotte state that, until December, 2015 was on track to be the eighth consecutive year that personal home insurance delivered profits, with the industry expected to report the best net COR since 2011. Deloitte estimates that insurers' 2015 reported net COR will now be 108%, a 16 percentage point deterioration from 2014 (92%) due to the period of wet weather in December. Some uncertainty remains around this estimate as it is still early days in t