Insurance

U.K. Non-Life Market Remains Well-Capitalised Despite Reserve Strengthening for Personal Injury Claims

LONDON, UK – NOVEMBER 2017 – The U.K. non-life market remains well-capitalised overall, in spite of widespread reserve strengthening associated with the reduction in the discount rate for personal injury compensation.

A.M. Best’s analysis of the largest 100 U.K. insurers by non-life gross premium income shows that the average solvency ratio under the newly implemented Solvency II regime was in excess of 150% at year-end 2016. However, capital adequacy varied considerably across the market, with ratios ranging from 91% to in excess of 1,000% for a number of companies with particularly low premium retention. The findings have been published in a new Best’s Special Report, titled “U.K. Non-Life Market Remains Well-Capitalised Despite Reserve Strengthening for Personal Injury Claims”.

A full complimentary copy of this report is available via the following link:
A.M. Best Report: UK Non-Life Market Review

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