Big profits from loss.
Patrick Ho reviews the 1997 results for the pecuniary loss sector, as reported in the returns to HM Treasury for the UK's 80 largest general insurers.
Total gross premium written (GPW) in the pecuniary loss marketdropped by 1.3% to £2991m during 1997, reflecting the stagnant UK non-life
market.
Yet, despite the decline in the GPW, pecuniary loss
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