Roaring to life
Slowly and gradually, the motor market has been showing a welcome hardening of rates that seems set to continue in 2008. A cause for widespread optimism perhaps but, the analysts argue, hardly one for celebration while the prospect of underwriting profits remains distant for most insurers. However, is this purely nit picking, or do they have a real point about how well insurers conduct business?
At the close of 2007, Deloitte published a controversial report focusing on motor market performance
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