The UK Club has announced a nil General Increase with no change in standard deductibles which remain at USD12,000. As usual any change in the Group reinsurance costs will be passed onto the membership.
This decision comes despite a increase in claims costs year to date and a combined ratio of 107% for the first 6 months of the 2018/19 policy year. The club warns if the current claims trend continues, then increases will be necessary in the future.
The Release Calls are updated as follows:
2016: 0%
2017: 5%
2018: 5%
2019: 10%
Further information can be found in the Renewal Circular and Autumn Statement 2018 at the following links:
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