EY: Motor and home insurers set for biggest loss in over a decade
Motor and home insurers are expected to make significant losses this year and next, due to underlying inflationary pressures and premium rate falls, according to analysis by EY.
EY’s latest UK Motor and Home Results Analysis showed that despite a profitable 2021, across 2022 net combined ratios are forecast to reach 115% in the motor insurance market and 116% for home
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