Broking success: Broking revolution
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Mark Rigby, CEO of iRevolution Group, talks to Insurance Age about the difficulties of non-standard motor and what the business has in store for the future
The UK motor insurance market has hit the headlines recently with Bennetts joining the Right Choice stable and shining a light on a market worth a staggering £14.2bn. All indications are showing that the market will top £15bn by 2025, despite Covid-19 causing an c8% drop in GWP over 2020 due to rate reductions, reduced claims frequency & reduced demand in the lockdowns.
In a space dominated by giants, like Direct Line and Admiral, true brokers must specialise
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