The general insurance market has received a good mid-term report from a leading firm of accountants.

Pricewaterhouse Coopers (PwC), one of the world's so called 'Big Five' accountancy firms, says although generally the financial services sector "went into reverse" in the last quarter, the opposite was true for general insurance.

It puts the impressive performance down to increased business with private individuals as well as higher premiums paid.

Clare Thompson, the UK insurance leader for PWC, told the Post magazine: "The results of this quarter are mixed across general insurance and remain more optimistic than the life insurance sector."

The report suggests that one of the reasons personal lines insurers are doing better than their commercial counterparts is because they are operating in different business environments rather than any direct impact of the current credit squeeze.

PwC is a worldwide organisation employing 146,000 people in 150 countries.

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