News analysis - numbers: rival brands NIG's new pricing policy 'suicidal'
"We are certainly looking to grow our book of business and that means making it clear that we have an appetite"
NIG's move to hoover up business in the commercial market has been described as "suicidal" by competitors as insurer results season kicked off with a rash of deteriorating combined ratios.
The RBSI-owned insurer has announced a pricing strategy that "guarantees to beat" premiums by up to 5% on business held or quoted with 15 major insurance companies in the UK market.
According to Dave Parry, director of sales and distribution at NIG, the company's package business is performing well and last
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- In Depth: Managing cyber risk in an ever-changing security landscape
- Covéa cuts losses but underwriting deficit grows
- JMG strikes its biggest deal of 2024 with BQI swoop