Fitch Publishes UK Non-Life Company Market Insurance Outlook Dashboard
OREANDA-NEWS. Fitch Ratings has published a dashboard on the UK non-life company market, summarising the outlook for the sector.
Fitch expects operating conditions within the UK company market to be stable in 2016. We expect the sector to report strong results despite competitive pressures and persistently low yields. Notwithstanding the challenging operating environment, the rating outlook remains stable. This is supported by the strong capital adequacy of company market insurers. Profit margins of company market insurers are expected to remain within the bounds of current ratings.
The dashboard includes Fitch's latest update on important market developments, including new measures to tackle the exaggerated costs of whiplash claims and the agency's expectations on pricing trends in motor and household insurance.
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