Motor - On the road to nowhere
As rates start to falter again in the notoriously unprofitable motorsector, Peter Hagley looks behind the disappointing statistics anddiscovers that not every company in the market is driving towards a deadend
Motor insurance's poor profitability record, and the apparentslowdown of pricing increases in the sector, has fuelled fears thatinsurers may start leaving the market in droves. Motor's roller-coasterperformance has seen only two peaks of underwriting profit in the last 10years. But are things really as bad as they seem?
Misleading statistics
The overall averages do not tell the full story, of course; although someinsurers have done very poorly, others have consistently beaten themarket. And Tony
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