UK Motor premiums to rise 10% says actuary's report
Motor insurance premiums in the UK are set to rise by around 10% in the coming year, according to analysis by EMB, Europe’s largest firm of non-life actuaries. Despite the widespread public feeling that premiums are already too high, researchers found that motor insurers are not charging sustainable premium rates, particularly for private motor.
The conclusion is based on EMB’s annual review of insurers' Financial Services Authority returns. The findings show that the £10bn market was able to achieve a modest profit during 2006 only by
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