Insurance Post

UK GI market under pressure to focus on pricing

Twisting fifty pound notes between hands until water is wrung out

Market conditions for UK non-life insurers remain challenging as the difficult economic environment curbs demand for cover and insurers can no longer rely on reserve releases to improve profitability.

Insurers are coming under increasing pressure to focus on appropriate pricing as investment returns remain low, according to a report from AM Best.

Rates for general insurance personal lines have

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