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FTSE 350: Insurers braced for price competition

General insurers are expected to feel the pinch as competition starts to warm up in the wake of further increases in insurance premium tax. At 12 per cent, this has nearly doubled in the past two years, and looks to be on its way to matching VAT at 20 per cent – already a reality in other European countries. It will almost certainly be passed on to customers, who in turn will be more encouraged to shop around.

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By Jonas Crosland,
26 January 2017

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