Trade Voice: ABI’s Mervyn Skeet on why higher insurance bills may not be the hardest price rises to stomach

Indicative reading time: 2 minutes

Mervyn Skeet, director of general insurance policy at the Association of British Insurers, argues that increasing home and motor insurance premiums need to be seen in a wider context of rising prices.

Cost of living rises are being acutely felt across supermarket shelves and in grocery bills. The cost of sugar is up by 42%, milk by 38%, cheese 34%, and pasta 24%.

The list goes on. Little wonder

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