Rate increases in UK non-life fail to stop profitability decline

08-11-2016

Despite premium rate increases in some non-life lines of business in the UK during 2015 and the first half of 2016, the benefit was largely offset by a combination of higher claims, an increase in the level of insurance premium tax (IPT) and levies for Flood Re, according to AM Best.


Non-Life Insurance, UK, Europe, Profitability, Brexit, EU Referendum, Property, Motor, Liability

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