Best's Market Segment Report: AM Best Revises Outlook on UK Non-Life Insurance Segment to Stable From Negative
AM Best has revised its market segment outlook on the United Kingdom’s non-life insurance segment to stable from negative.
In its new Best’s Market Segment Report, “Market Segment Outlook:
In addition, significant price corrections in personal lines should pave the way for close to breakeven underwriting results, while market conditions in the commercial and specialty sector are expected to remain favourable. Higher interest rates should also allow the market to lock in robust investment returns for the short-to-medium term.
Moderating factors include the increased cost of reinsurance, which has led a number of insurers to restructure their protection and increase their retentions. This has increased the risk of potential earnings volatility and uncertainties around the outcome of the upcoming Ogden rate review.
To access a complimentary copy of this market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=342429.
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in
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Source: AM Best
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