Analysis

Solvency ratios on the rise as UKGI market continues to face unprecedented pressures

By 2024-09-30T07:00:00

best performing, arrows, rocket

Insurance DataLab co-founder Matt Scott dives into the the market’s latest SFCRs to draw out a number of trends

The UK general insurance market has been experiencing some tough times of late, with a myriad of challenges from claims inflation to climate change and cyber crime to political instability all combining to create an incredibly complex marketplace – particularly when it comes to the severity and frequency of claims.

Indeed, the average gross claims incurred by UK and Gibraltarian insurers have climbed in each of the last four years.

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