RSA’s motor retreat frustrates and delights

car-wreck-wheels-come-off

Withdrawal from writing motor trade insurance alerts competitors to opportunities

RSA’s decision to withdraw from writing motor trade insurance has provoked a mixture of surprise, frustration and respect in the market.

The insurer said in mid-September that the move would affect 2,300 policies and confirmed it would not renew existing ones after 1 November 2012.

Jon Hancock, RSA’s managing director of UK commercial explained the insurer’s rationale was underpinned by tough market conditions, poor results and the need to pull back from unprofitable areas.

RSA will also sell

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

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