UK non-life insurers face strong competition and claims inflation

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<title>UK non-life insurers face strong competition and claims inflation</title>
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<name type="personal" usage="primary" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20190002332">
<namePart>Thomas, Catherine</namePart>
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<dateIssued encoding="marc">2020</dateIssued>
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<publisher>A.M Best Company</publisher>
<dateIssued>15 january 2020</dateIssued>
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<abstract displayLabel="Summary">Market conditions for UK non-life insurers have been difficult in 2019. Againts a backdrop of strong competition, companies have had to contend with changes in the discount rate used to calculate lump-sum personal injury compensation, claims inflation due to higher repair costs and challenging investment market conditions driven by political and economic uncertainity.</abstract>
<note type="statement of responsibility">Catherine Thomas</note>
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<topic>Empresas de seguros</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080573935">
<topic>Seguros no vida</topic>
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<topic>Seguro de daños patrimoniales</topic>
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<topic>Competitividad</topic>
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<topic>Brexit</topic>
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<topic>Inflación</topic>
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<topic>Incertidumbre</topic>
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<topic>Compensaciones</topic>
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<geographic>Gran Bretaña</geographic>
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<title>Best's Market Segment Report</title>
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