The Irish motor market is likely to see a further decrease in motor premiums in 2007, according to an analysis of the Insurance Statistical Review (Blue Book) and the Financial Regulator (IFSRA).
Gary Dunne, manager in Deloitte's Actuarial Services, said: "Analysing the recent Blue Book results we see...an inflated picture of the current profitability of the company."
A survey of motor insurance representatives who attended the seminar revealed that 57% believe that their companies will decrease premiums by between 0-10% in the coming year.
