Reserving judgement
2006 saw a steep rise in the use of reserve releases to paper over the cracks of crumbling motor underwriting performance, but this tactic has a short shelf life. Lynn Rouse reports on the overall market results and whether premiums are now hardening sufficiently to avoid the need to repeat this strategy
Reserve releases are the major story of the UK motor insurance market in 2006 - masking as they do a further deterioration in underwriting performance. And crucially, using such releases as a tactic
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