A move from folly to sanity?
We must be grateful for the return to more sensible underwriting in some quarters, but the effects of climate change have probably seen off any chance of a return to profit in 2000 for the household market.
Some 18 months ago I was writing about the folly of ratematching.
The main offender was CGU Planet arrangement, which included your
very own pet underwriter in the office. Can you imagine having the
cheapest rate available for virtually every customer that walked
through the door!
From what I can gather from those brokers who thought they had won
the lottery, this is no longer a licence to print money and is
causing immense concern on renewals. It appears, therefore, that
this is going the same way
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