Car insurers lose £1m and have not made profit for 11 years
Deloitte has said that UK car insurers will have to raise premiums by a further 5% to make up for lower investment returns this year and will make a £1m loss, the FT reports.
“Motor premiums are on the increase,” said James Rakow, insurance associate partner at Deloitte. “The current year of trading is far from being profitable at a market level and this is likely to remain the case in 2010.”
The Association of British Insurers (ABI) said the car insurance industry has not made an underwriting profit for at least 11 years.
Websites
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
