Insurers face margin crush unless premiums are hiked
Data analysis: A sustainable margin recovery looks increasingly challenging for insurers with premiums needing to increase in real terms to prevent any erosion after a tripling of costs to 10.9% of premiums last year from 3.5% in 2022.
This is according to analysis by Bloomberg Intelligence, which looked under the hood insurance companies and concluded the bulk of expenses are effectively fixed and being driven higher by inflation
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