EY has revised its forecast for the UK motor insurance market this year suggesting insurers will break even with a net combined ratio of 100%.
The figure for 2025 has improved slightly from EY’s initial forecast of 101.6% made last December.
However, rolling out their first prediction for 2026, the consultants warned the market would return to loss-making territory with a 107% NCR due to escalating claims costs outpacing price increases.
The expectations follow on from UK motor insurers making a profit in 2024 for the first time since 2021.
EY calculated the NCR came in at 97% which, while in the black, was still not as successful as the
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