Rate hikes the only answer to CL market’s poor results
The dismal state of the UK commercial lines market can only be remedied by insurers inputting rate rises in 2013 and resisting their natural urge to compete on price, the heads of major firms have said.
In their full-year financial results for 2012, UK general insurers have almost unanimously reported unprofitable performances on their CL books. Allianz UK has been the only firm among its peers to
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