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Fifth consecutive year of home insurance industry profits in 2012, says Deloitte

The household insurance market is on track to make an underwriting profit in 2012, according to research from business advisory firm Deloitte.

In 2011, insurers made an underwriting profit of 11p in every £1 of premium earned and Deloitte says similar levels are expected this year.

Increases in the average cost of household insurance are unlikely to be above inflation in 2013, however.

Deloitte business partner James Rakow says: “2012 looks likely to be the fifth year in a row that the home insurance industry will be profitable and this makes it less likely that we will see above inflation premium increases in 2013.

“Currently the biggest concern for household insurers is the fact that the government and insurance industry have not yet reached agreement on a mechanism for providing affordable flood insurance for high-risk households. If an agreement on flood insurance is not reached, people in high-risk areas may find it much more difficult to find affordable flood cover.”


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Christmas is fast approaching and if you’re like me you’ll be wondering where the year has gone, and what new exciting gifts you can buy your loved ones. If lenders are feeling festive and want to give intermediaries a present for 2013, here is our Christmas wish list. No shifting of goalposts Lenders sometimes add […]


Neptune video: Abenomics: the impetus for Japan’s fast-track recovery?

The remarkable performance of the TOPIX over the past year has caused many sceptical equity investors to look again at the Japanese market. These returns have come despite very significant problems facing the Japanese economy. Chris Taylor, manager of the Neptune Japan Opportunities Fund, discusses these problems and whether Abenomics will be able to overcome them, enabling the market to continue to rise.

In the video, Taylor addresses the following:

• The size and speed of Japan’s unprecedented monetary policy
• Abenomics and the implications should it fail
• Corporate Japan and beneficiaries of government policy


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