NU Online News Service, Sept. 30, 1:13 p.m. EDT

The cost of injury claims in the United Kingdom car insurance market has recently grown by nearly 30 percent annually, further stressing expense ratios and challenging many insurers’ future profitability, according to Towers Watson.

Towers Watson asserted that competitive pressures and current low investment returns are leaving insurers in urgent need of finding a new competitive edge.

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