Industry facing 108% COR for 2015 as floods wreak havoc on home profits
Insurers’ profitability for home insurance in 2015 has been put into freefall by the intense period of wet weather in December, with combined operating ratios for the year estimated to have deteriorated 16 percentage points to 108%.
Figures put forward by business advisory firm Deliotte state that, until December, 2015 was on track to be the eighth consecutive year that personal home insurance delivered profits, with the industry
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