Intact expects personal auto CoR to run below 95% over next year
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Intact expects personal auto CoR to run below 95% over next year

Jairo Ibarra
November 09, 2022
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Intact expects to run its personal auto business below a 95% combined ratio over the next 12 months, adjusting for seasonality, management has said, while the company adjusts its pricing for higher inflation and claims frequency in a challenging environment for personal lines businesses.

Executives highlighted that Intact’s personal auto underlying loss ratio increased by 9.6 points, compared with 62.5% last year, noting that while frequency remains below pre-pandemic levels, the increase in severity is “no surprise, given inflationary pressures”.

The

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Topics

News Personal auto Intact Financial Earnings
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Jairo Ibarra
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