Another year, another depressing set of results for the UK motor market. Once again, insurers struggled to realise a profit on their motor books, besieged on all sides by soft rates, aggregators, and spiralling levels of fraud. This year, insurers released a record £1bn of reserves to prop up their ...
The motor insurance market is an over-crowded highway. Brokers are continuing to face a torrid time, with aggregators and direct players reducing further the dwindling share brokers have in motor. In response brokers are seeking to reduce their cut of commission, pay an aggregator or more likely, get out of ...