We are pleased to share our latest analysis of 2024 SFCR returns for UK motor insurance firms. This briefing note updates the findings from our Preliminary Findings analysis of the UK motor market issued in May 2025. It is based on the 2024 public disclosures of UK Motor insurance firms and now includes 35 firms… Continue reading>
We are pleased to share our latest analysis of 2024 SFCR returns for UK motor insurers. This preliminary report provides an early view of market dynamics, including trends in premium growth, profitability, and solvency across the UK motor sector. The findings are based on public regulatory disclosures from 22 insurers, covering over 80% of the… Continue reading>
Earlier this week, the FT reported the latest numbers from EY summarising the UK motor insurance market’s 2023 profitability and the outlook for 2024 and 2025. The combined ratio of 113% for 2023 aligns closely with forecasts from LCP (113%) and our own (112%), indicating that the industry performed worse in 2023 than in 2022.… Continue reading>
We are pleased to share our updated, market-wide analysis of 2023 SFCR returns for UK motor insurers. This study provides a comprehensive analysis of the size, performance and solvency of over 95% of the non-Lloyd's UK motor insurance market in 2023. Our latest analysis is based on the public regulatory disclosures of 30 firms based in… Continue reading>
We are pleased to share our early-bird analysis of 2023 SFCR returns for UK motor insurers. This study provides an analysis of the size, performance and solvency position of the largest UK motor insurers in 2023 as disclosed in their regulatory returns. We hope to update this analysis in the coming months for the remainder of the… Continue reading>
Every insurance story these days includes a, usually unnamed, underwriter bemoaning the ills of social inflation and how it is causing havoc with their portfolio. Gee, Officer Krupke – so many insurance portfolios all got a social disease!!!* Let’s unpack what social inflation is; and is not. Broadly speaking (no doubt the genius of small… Continue reading>
In 2023 Q3, we were asked by the IFoA’s General Insurance Claims Inflation Working Party to lead their annual survey. This joint survey between Marcuson Consulting and the IFoA has brought on board a wider range of views. A selection of results and findings is presented below. As the results show a marked change compared… Continue reading>
I am delighted to announce the publication of the Institute and Faculty of Actuaries Climate Change Reserving Working Party Paper. https:\\vle.actuaries.org.uk\course\view.php?id=1684 We will be presenting at GIRO 2023 in Edinburgh on Thursday, 2 November 2023. Reserving actuaries need to engage with how climate change is affecting general insurance company reserves and assessing where the greatest… Continue reading>
Our survey captures sentiment on price inflation and general claims inflation at a broad level of classification. This update presents results and our thoughts about them from responses received to our survey in Q1 2023. Click here to download Continue reading>
Kendra Felisky, Senior Actuary and COO at Marcuson, suggests a pragmatic way for firms to respond to the PRA's four Climate Change areas of focus. Climate change is something that concerns us all, which includes insurance regulators. Regulators around the world are asking more and more of insurers, not just the UK’s PRA. But it… Continue reading>