The UK private motor insurance market could finally make a profit in 2009 after 14 years of unprofitability. A new report forecast that the UK private motor insurance market will make a loss this year but move into a profit of approximately £30million in 2009 as premium income will grow at a faster rate than claims costs. 2009 could be a historic year for the private motor insurance market, putting an end to a painful 14 consecutive years of losses. However, Datamonitor’s forecast sees the market move quickly back into a loss in 2010 as competition intensifies.

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