Falling premiums cause concern
Evidence of a softening in UK private motor insurance rates has given rise to concerns that the mark...
Evidence of a softening in UK private motor insurance rates has given rise to concerns that the market could plunge back into deficit.
Actuarial and management consultant Milliman UK has warned that prices are falling in its report Driving for Profit: Review 2003.
Derek Newton, senior consultant at Milliman UK, said: "Premiums are falling, in real terms if not also in absolute terms. If this continues, the market could return to the dire results of the mid to late 1990s. Ultimately, that will mean
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