1950

Motor insurance was one of the highest growth sectors in the post-war period. During the war, the use of private automobiles had been restricted and car insurance was accordingly low. The sudden upturn after the war was welcome, but at the same time difficult to control. Overall, the business turned out to be technically negative and losses were often compensated with growing premium income.

For reinsurers, the large portfolios of motor insurance caused additional problems especially with liabilities, which took a long time to settle. Most of the losses were offset with investment income.

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