Roaring to life
Following speculation that rates are starting to harden in the motor market, insurers are being warned to proceed with caution. In a bid to track down the truth behind the motor market's operating performance, Paul Lang highlights the sector's business movements to date
Slowly and gradually, the motor market has been showing a welcome hardening of rates that seems set to continue in 2008. A cause for widespread optimism perhaps but, the analysts argue, hardly one for celebration while the prospect of underwriting profits remains distant for most insurers. However, is this purely nit picking, or do they have a real point about how well insurers conduct business?
At the close of 2007, Deloitte published a controversial report focusing on motor market performance
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