A.M. Best Special Report: UK Non-Life: Rates Rise, but Economic Conditions Place Pressure on Performance
Business Wire, Inc. |
As investment returns remain low, insurers are coming under increasing pressure to focus on appropriate pricing, according to the report, “Rates Rise, but Economic Conditions Place Pressure on Performance.” Rates for general insurance personal lines have improved, although those for commercial lines are lagging.
The report examines how weak economic activity is impacting some lines of business to a greater extent than others. While compulsory products are somewhat insulated, policyholders are more likely to consider purchasing lower limits and increasing excesses for discretionary products such as contents insurance. Insurers dependent on trade volumes are also being negatively affected. A deep recession could lead to a further reduction in demand for insurance products.
The report looks closely at the
In terms of financial instability in the Eurozone, the report finds
The report states in addition to these challenges,
To access a complimentary copy of this report, please visit www.ambest.com/press/101501uknonlifespecialreport.pdf.
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Copyright: | Copyright Business Wire 2012 |
Wordcount: | 529 |
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