Insight and Intelligence on the London & International Insurance Markets 22 Oct 2017
UK motor rates down 1.1% in Q3 amid Ogden hopes
- 10 October 2017
Average comprehensive motor insurance premiums in the UK fell by 1.1 percent to £838 ($1,105) in Q3, as insurers adjusted their prices in anticipation of a change to the Ogden discount rate, according to the latest pricing survey from Willis Towers Watson.
The decline was the largest quarterly reduction in premiums seen in more than three years, and bucked a rising trend over the past 12 months which has seen the average rate increase by more than £100, or 14...
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