Company targets 250,000 policies beginning with motor while home is to be added in due course.
The AA has launched its own insurance underwriting company: AA Underwriting Insurance. The new business started trading on 30 January. The underwriter will exclusively be quoting on the AA's panel...
It covers agricultural vehicles, up to a maximum value of £350,000.
But profit before tax and operating profits both grow as the insurer described results as “sound in a challenging environment”.
Broker also reports increase in net earnings for its broker segment in the first half of 2016.
The increase in the tax has made the hike in car insurance more noticeable according to the trade body.