UK motor and home insurers to fall into red in 2022, warns EY analysts

04-11-2021

UK motor and home insurers to fall into red in 2022, warns EY analysts

UK home and motor insurers are likely to achieve profitability this year due to low claims levels during the COVID-19 lockdown and changing driving patterns, but 2022 is expected to be a loss-making year for both lines of business as inflation remains high and premium rates are suppressed due to the FCA pricing reforms.


EY, COVID-19, FCA Pricing, Home, Motor, Insurance, Reinsurance, Tony Sault, Rodney Bonnard, UK

Intelligent Insurer