Biba 2010 preview: Surviving the perfect storm?
Philip Bird comments on the progress of the personal motor market in light of the recession ahead of a debate at Biba 2010
When announcing our 2009 results, our chief executive officer Francois-Xavier Boisseau talked about the private motor market being on the critical list and it is really not difficult to see why. Although research suggests that claims have been on a downward path since peaking at 4.4 million in 2006, then beginning to stabilise during 2009, the headline numbers mask a number of important factors that are costing the market dear writes Philip Bird, claims director, Groupama Insurances.
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