Ageas UK CEO Watson commits to motor schemes market
Ageas UK CEO Andy Watson has admitted that the insurer is watching motor "very closely" as prices and profitability continue to fall.
The insurer today confirmed that its combined ratio for motor had deteriorated to 100.7% for the first half of 2013, compared to 96.4% for the same period last year.
Addressing the challenges in the motor market Watson told Insurance Age: "Motor is a challenge across the market - it's interesting to see that one or two of our competitors have flagged that as a point.
"There's no doubt that prices have driven down by at least 10%. If that sort of price decrease continues that will be a real
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