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17 January 2024Insurance

UK motor policy inflation eases through Q4, still up 41% y/y

UK motor insurance policy inflation eased throughout the fourth quarter, coming down by 1.4 percentage points (pps) in December and 7.3 pps for Q4 to a still-heady 40.9% annual inflation rate. 

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Insurance
12 July 2023   Versus pre-pandemic levels, policy costs have risen half as fast as used cars or repair.
Insurance
16 July 2018   Comprehensive car insurance premiums in the UK have again fallen during the second quarter of 2018, with UK motorists now paying £752 on average, 11 percent less than they were paying this time last year, according to the latest Confused.com Car Insurance Price Index in association with Willis Towers Watson.
Insurance
22 March 2017   The brunt of an expected one-off reserve charge of approximately £5.8 billion due to the Ogden personal injury discount rate cut may be borne by reinsurance, according to market estimates. While reinsurers told Intelligent Insurer that they are adequately reserved they are preparing for material rate increases.