Take the high road
The successive rate hikes within the private motor market have led analysts to cautiously predict that the market is hardening.Martin Friel explains how brokers may be able to reap the rewards of these increases and exploit the opportunities available
Hopes have been raised in the past year by successive rate hikes within the private motor market, and some analysts have cautiously predicted that this may at last be the first tentative signs of a hardening market. With the two largest private motor insurers, Norwich Union (NU) and Royal Bank of Scotland, introducing significant rate increases, there is a new optimism in the market that other insurers will follow suit and kick-start the market after years of rate depression.
According to AA
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