UK car insurance premiums fall 1 percent in first-quarter, 2019: survey [Reuters]
Willis Towers Watson Public Limited Company - Ordinary Shares (WLTW)
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Source: Reuters
UK car insurance premiums fall 1 percent in first-quarter, 2019: survey - Reuters 2 Min Read (Reuters) - The cost of a comprehensive motor insurance policy fell one percent in Britain in the first quarter, pushed down by uncertainty around the rate used to calculate compensation for personal injuries and the Civil Liability Bill, a survey showed. The average premium for a comprehensive policy is now 762 pounds ($997.08), according to the latest index from price comparison site Confused.com compiled by insurance advisory company Willis Towers Watson. “The fluctuation in premium levels seen across recent quarters reflects ongoing uncertainty surrounding the impact of the Civil Liability Bill and the anticipated adjustment to the Ogden rate,” said Stephen Jones, UK P&C Leader at Willis Towers Watson. Prices in 2018 were also pushed down by changes in the Ogden rate, used to calculate compensation for personal injuries and the Civil Liability Bill, which includes reforms likely to reduce
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