Gross loss ratios of private motor insurers in the United Kingdom 2006-2015
This statistic shows the gross loss ratios of private motor insurance companies in the United Kingdom from 2006 to 2015, by accident year. Loss ratios are used to determine whether an insurance company has enough money reserves set up or not. In 2015, both the gross ULR and initial gross ULR reached a value of approximately 83 percent. This indicates there were no subsequent releases from the reserves initially set up at the end of that year. In 2014, however, insurers set up too few money reserves as even after the end of 2014 they were still using their reserves for that particular accident year.
