Brokers face up to motor squeeze as retailers thrive

Motor insurance brokers are continuing to feel the pressure as non insurance brands announce buoyant 2004 sales.

Tesco, which claims to be the fastest growing motor insurer in the UK ever, told Insurance Age it had issued 600,000 new policies in 2004. The retailer which launched in 2000 now has 1.4 million policies in force and holds just under 8% of the car insurance market.

Allan Burns, head of insurance at Tesco said: "We have had major success through our promotions in petrol filling sales and

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 [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: