A bitter pill
Premiums may rise, hold steady or fall over the next 12 months, depending on what sector you are in, but how are prices really arrived at? Rob Holt investigates the issue
We have all groaned in recent months as we open our renewal notice to find household or car insurance has risen yet again. So you know as brokers exactly what your clients will be feeling as they face another increase in premiums.
The trouble is that, as brokers, you will probably feel the full force of their fury and will have to work hard to explain the necessary change - a job made much easier by having a thorough understanding of the pricing process.
But how do premiums become fixed at certain
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Markerstudy gets CMA greenlight to complete £1.2bn Atlanta deal
- FCA warns insurers, again, on undervaluing total loss motor claims
- Ajay Mistry launches insurance broker