Insurance companies’ woes are going from bad to worse

Insurance companies’ woes are going from bad to worse
Home insurance costs have jumped in the past year

Recent flooding could put pressure on insurance pricing in coming months

Price pressures are set to intensify in the insurance market in the coming months, as insurers face battles on a number of fronts.

The insurance sector is in turmoil, with insurers dealing with an increase in claims and an increase in the cost of settlements. Also, years of aggressive pricing – driven by a race to the bottom in a bid to win market share – are beginning to come home to roost.

Now, the focus for...

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