King of the road
Retail giants such as Tesco have the client-base and resources to dominate the motor market, and it is a similar story for newer players like Virgin. However, Matt Warner offers a glimmer of hope for brokers that they can play a significant part, particularly in niche markets
Private motor policies remain one of the biggest insurance markets in the UK. Heavily advertised and promoted, and of course a legal requirement.
There are currently 26 million private policies held in Britain from a whole range of providers. This increasingly commoditised insurance product is sold in a crowded marketplace where volume is king. Brokers may feel this is not for them as their share of the market shrinks, but a profit on private motor work can be made for those prepared to work at
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