In-depth: Driving through change
Brokers are split over whether motor premiums will increase in the next few years, but one certainty in the market is the increasing importance of technologies such as telematics
The car insurance market has been an unprofitable area for insurers for years, with fierce competition among its players.
But there is a small shimmer of light at the end of the tunnel, as motor premium rates slowly started turning upwards in the second half of 2014. In the fourth quarter of last year the AA British Insurance Premium Index reported an increase of 0.2% in motor rates (see box).
It is the first time since 2011 that prices have risen in two consecutive quarters and industry
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk