Car insurance premiums expected to stabilize: Swiss Re [Yahoo! Finance]
SWISS RE LTD S/ADR (SSREY)
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Source: Yahoo! Finance
This anticipated stabilisation is attributed to various factors, including disinflation effects, strengthened underwriting results, and heightened competition in the insurance market. As a result, consumers can expect a reduction in the cost of car insurance in the foreseeable future. The sharp rise in motor insurance premiums, particularly in Germany, the UK, and the US, has notably contributed to pushing headline consumer price inflation higher. Official data reveals substantial year-on-year increases in motor insurance CPI, with Germany and the US experiencing particularly significant spikes. However, there are discrepancies between different sources of data suggesting potential overestimations in some cases. The surge in motor insurance prices can be traced back to various factors, including increased losses, higher repair and replacement costs due to global supply chain disruptions, and a rise in accidents following the easing of lockdown restrictions. In the US, supply-
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