Liability Risk and Insurance
UK third-party liability insurers 1998
Gross premium income of £2.7bn for third party liability insurance accounted for 9% of overall UK market income in 1998. This
was 5% down from the £2.8bn of the previous year, market retention also falling by 5% to £1.9bn. Underwriting performance
deteriorated by 34% from a loss of £296.1mn in 1997 to a loss of £396.2mn in 1998.