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UK non-life company market set to deteriorate in 2022 – Fitch Ratings

By 2021-12-02T10:55:00

financial loss (4)

The credit rating agency believes high claims inflation, an uptick in claims frequency and the FCA’s pricing reform will impact insurers’ profitability next year

Credit rating agency Fitch Ratings predicts that the UK non-life company market will deteriorate in 2022 – driven by claims inflation and regulation changes - while the sector outlook for the London insurance market is set to improve next year.

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