Car Insurance Must Rise As Pounds 800m Losses Loom
Evening Standard - London › August 11, 2005
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Summary
INSURANCE companies face a staggering Pounds 800 million loss on car policies this year as stiff competition means premiums have failed to keep up with the spiralling cost of claims, influential research predicted today.
The Pounds 9 billion-a-year insurance industry is expected to see claims and expenses payouts of Pounds 109 for every Pounds 100 of premiums taken in 2005.See the full content of this document
Extract
Car Insurance Must Rise As Pounds 800m Losses Loom
While insurers offset underwriting losses by investing the premiums, EMB Consultancy predicts that investment returns will not b...
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