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UK motor insurers expected to make losses in 2021 and 2022

By 2021-06-09T09:37:00

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Premiums are set to drop by 6% this year due to changes in car usage and the whiplash reforms

While the UK motor insurance market reported its best underwriting profit in 2020, with a net combined ratio (NCR) of 90.3%, in 2021 and 2022 the sector is expected to make losses, according to professional services firm EY.

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