Insurance Times quizzes the Admiral chief executive
Admiral chief executive Henry Engelhardt this week answered a number of burning questions in a rare Q&A with Insurance Times.
The boss of Wales-based Admiral Group, which includes aggregator Confused.com and brands Elephant.co.uk and Diamond, speaks openly about topics including:
- His plans for the UK general insurance sector
- The secret to FTSE 100 giant Admiral's success
- The pending European Court of Justice ruling on gender discrimination
Q. Admiral Group’s market share has grown rapidly to become the second largest private car insurer in the UK market, only now behind Royal Bank of Scotland Insurance. Is it your ambition to be number one in the UK, and if so, how far off is that day?
A. We have about 10% of the UK private car insurance model by value. But we don't target market share. Market share is a by-product of growth. If we can continue to grow profitably, then we will and we will therefore continue to gobble up market share. This might take us to 11% share or 25% share, whatever it is, so be it.
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