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EY predicts slowdown in premium growth as cost of living pressures bite

UK insurers face slowing premium income growth this year, as high inflation, cost of living pressures and a rise in borrowing costs continue to hit product

United kingdomRodney bonnardFitch ratingsEy item club outlook for financial servicesClub outlookFinancial servicesInsurance ageFitch ratingsNited kingdom ukHome insurance

Growth expected in premium income in 2023

Insurers are set to report growth in premium income for the rest of 2023 before tapering off, according to EY.

United kingdomMartina nearyEy item club outlook for financial servicesAssociation of british insurerClub outlookFinancial servicesBritish insurerAssociation of british insurers abi

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