EY: UK personal lines insurers to post +100 combined ratio on FY23 & 24

Published: Mon 30 Oct 2023
Surging inflation, rising costs and larger-than-expected natural catastrophe claims will keep UK personal lines insurers trading in the red for the next two years, according to EY, which predicted the sector will post a net combined ratio (NCR) of 114 percent in 2023 and 104 percent in 2024.