PL insurers to face ‘double whammy’ to margins in 2024
A report from Bloomberg Intelligence has warned that the margins of UK insurers such as Admiral and Direct Line face a “double whammy” of claims inflation and regulation in 2024.
According to BI, sharply rising claims inflation, and the cost of implementing systems to comply with new consumer regulations will hit the margins of UK auto-focused insurers in H2 2023 and the full
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