Household pressure to offset improved motor climate in 2015, says Fitch
A halt in motor premium declines and improved commercial performance is expected to see the UK non-life market stabilise in 2015 but this could be offset by increased pressure in the household space, according to Fitch Ratings.
In its latest report, the ratings agency said UK non-life insurers will continue to face pressure on their underwriting margins in 2015 due to fierce competition.
While pricing is expected to stablise
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