Home insurance market to be close to underwriting loss by 2016
Insurers are in danger of presiding over an underwriting loss in the home insurance market for the first time since 2007 if underlying profitability continues to be hampered by falling premiums.
Predictions by Deloitte show that net combined ratios will be close to topping 100% in 2016 as a result of year on year reductions in gross written premiums.
Increasing pressure on premiums led to
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