Motor premiums will ‘need to go up further’ to manage claims costs, says ABI’s Skeet
The Association of British Insurers’ director of general insurance policy, Mervyn Skeet, has told Insurance Post that motor premiums will “probably need to go up further” because claims costs are still increasing.
Personal lines insurers endured a tough 2022, with well documented results struggles for Direct Line, Covea and Esure in particular.
EY’s UK motor insurers report labelled 2022 as the “worst
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