RSA hiked UK personal motor rates 10% as management look to stem the problems coming from that area of the business.
The hikes in 2018, which come at a time of a declining UK rates, meant RSA UK personal motor arm premium was down 16%.
Net premiums fell to £254m from £303m last year.
As reported in Insurance Times, RSA has issues in its UK personal motor arm and is expected to be deep in underwriting loss territory.
RSA is not the only player having issues, as esure revealed its solvency had dropped from 155% to 110% amid soft market conditions.
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.
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