Sabre CEO Carter shares frustration at market underpricing
“While it is slightly frustrating that the market has underpriced against on-going claims inflation, we had anticipated this, and it is factored into our business model,” Sabre CEO Geoff Carter stated as the insurer revealed a trading update for the first nine months of the year.
Motor gross written premiums dropped 19.6% compared to the same period of 2024 to £133.1m.
Taxi GWP was also down year-on-year, by 22% to £9.9m, while the smallest line – motorcycle business – rose 6.1% to £8.7m.
At this stage this is driven by our own pricing initiatives rather than the anticipated market turn.Sabre CEO Geoff Carter
The net effect across Sabre’s book was an 18.7% fall for the year to date with GWP coming in at £151.7m.
The provider noted it had maintained pricing discipline and
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