Rate rises could see upturn in market performance
The industry could see an upturn in the motor market this year, if rates continue to rise faster than claims inflation, but it ultimately hinges on whether insurers release or strengthen reserves.
James Rakow, partner at Deloitte, pictured, said it was clear insurers could no longer rely on investment returns to support losses and were using other methods to boost profits.
"In 2011, following
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