UK motor profits could take fresh hit as reinsurers mitigate exposure to PPOs
The prevalence of periodic payment orders is expected to undermine underwriting profitability in the motor market in 2013, as reinsurers become increasingly reluctant to take on a rising number of variables.
Reports published by Towers Watson and Willis Re in the past fortnight reveal that, although the volume of PPOs, which compensate the catastrophically injured in place of lump sums, has levelled off
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