News analysis: What next for the motorbike market after Axa’s withdrawal?
Axa’s withdrawal from the motorbike market next month has again raised questions about a potential capacity crunch for those brokers insuring two-wheelers. Saxon East explores what effect this and other trends are having on the sector.
When independent broker owner Jon Newall looks at his list of insurer agencies, there isn‘t a motorcycle provider on his e-traded systems.
Newall‘s situation is typical of regional brokers‘ lack of choice on personal lines.
“It‘s the state of the PL market,” sighs Newall. “There‘s not a lot out there for private car and it‘s the same with motorcycle.”
At least Newall, who owns Yorkshire-based broker Prosura, can place motorbike manually with Howden-owned KGM Underwriting Services.
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