Worsening outlook for UK non-life insurers, says Fitch
Fitch Ratings has a worsening outlook for the UK non-life company sector, Graham Coutts, senior director, head of EMEA reinsurance has confirmed with market combined ratios for motor and home likely to be above 100% in 2021.
Last year was fairly profitable with certain lines, particularly motor, benefiting from reduced claims frequency mainly due to lockdowns, he detailed.
“2021 is likely to be less profitable than 2020
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