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Bank of England (BoE) - warns insurers against being "optimistic in estimating losses from COVID-19 related claims"

Instant Access to UK Bodyshop News with your credit cardThe Bank of England .....

Picture: The graph indicates potential weakening of market case reserve estimates for the more recent accident and underwriting years as at year-end 2019. Similar to our letter to chief actuaries in 2019, for the first few time periods the paid-to-incurred claims as at year-end 2019 are higher than the paid-to incurred at previous year ends (shown by the dark blue circle being at the top of the bar).

Publication date: 16/11/2020 09:59

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