A ticket to ride
Will the taxi insurance market see a repeat of recent history, with new entrants driving down rates and putting the breaks on recent good profits? James Salmon investigates whether this new competition is a threat or will actually be good for profits and the health of the market
The taxi insurance market has started to see a return of some old and new competitors, a fact which has caused concern for some of the more long standing taxi insurers. They claim that after a short stable period of two to three years, the influx of new insurers could cause a return to the instability which caused many players to withdraw from the market in the late 90s. So, do the long established players have a right to be worried?
To understand why some may be on edge, one has to hark back to
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