Rate increases spur speculation over hardening market in 2008
Rate increases implemented in the latter half of 2007 have had little, if any, impact on retention l...
Rate increases implemented in the latter half of 2007 have had little, if any, impact on retention levels, leading some insurers to make tentative forecasts of a hardening market in 2008.
The predictions came after Norwich Union (NU) confirmed that its November renewals had indicated that clients were not being scared off by rate increases, and that its motor book in particular was in "rate growth".
Janice Deakin, director of trading at NU, said: "In commercial property, commercial motor and
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