We use cookies to improve your website experience. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By continuing to use the website, you consent to our use of cookies. Close

COVID PUSHES DOWN UK MOTOR RATES: WILLIS INDEX

Informa Insurance News 24

COVID PUSHES DOWN UK MOTOR RATES: WILLIS INDEX

Covid-19 continues to push down motor insurance rates in the UK, according to Willis Towers Watson. Motor rates fell by an average 1% to £765 in the last three months, the third consecutive quarter of falling prices, the broker said. Motor rates are on average 2% lower over the past year. Graham Wright, UK lead of P&C personal lines pricing at Willis, said: “The further fall in premiums during the last quarter is perhaps unsurprising as motor insurers reflected on a relatively positive experience for the year to date. But with further Covid restrictions being introduced and a market response to the FCA’s recently released pricing practices report still to be factored in, uncertainty in premium levels continues.”

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, please enter your details below to log in.

Enter your email address to log in as a user on your corporate account.
Remember me on this computer

Not yet an i-law subscriber?

Devices

Request a trial Find out more