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British Q1 motor insurance premiums rise 8 pct y/y-trade body
April 20, 2017 / 11:03 PM / 8 months ago

British Q1 motor insurance premiums rise 8 pct y/y-trade body

LONDON, April 21 (Reuters) - Motor insurance premiums rise 8 pct at end-Q1 vs Q1 2016-Association of British Insurers

* Rise due to whiplash claims, insurance premium tax, discount rate cut that increases personal injury pay-outs, rising repair bills

* Average premium 462 pounds ($592)

* Willis Towers Watson/confused.com last week said rates up 16 pct y/y ($1 = 0.7800 pounds) (Reporting by Carolyn Cohn; Editing by Elaine Hardcastle)

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