In-depth: Picking up speed
From apps to autonomous vehicles, the taxi and fleet markets are going through big changes and brokers are well placed to take advantage of these growing sectors
The demand for insurance in both the taxi and the fleet markets is motoring on at a solid speed, despite challenges thrown at the sector.
In addition, rates have been driven up for the first time in two years largely because of the impact of the Ogden (discount) rate change earlier this year.
Jon Land, head of broking at Romero Insurance Brokers, speculates that fleet underwriters had wanted to increase rates for “quite a long time”, adding that the Ogden decision gave them “an opportunity to
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