Insurance Post

UK motor market value set to decline over coming years

electric cars

The real value of motor insurance markets in the UK and Italy are likely to decline over the next few years, as emerging Asian markets continue rapid expansion, according to Finaccord.

The value of the global motor insurance market in 2014 was $669.7bn (£431.4bn) with the market having grown at a nominal compound annual growth rate of 5.1% since 2010 (2.9% adjusting for inflation)

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