New website forces down motor premiums

Insurance Age staff
01 Dec 2005

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A new insurance website has single-handedly forced down motor premiums across the entire market, a new report claims. Deloitte's quarterly insurance market report states that Swiftcover's entry in the market brought to an end a six month period of stable, constant premiums for new business; average premiums subsequently fell by just under 5% to £431. Catherine Barton, partner in Deloitte's insurance practice, said as an internet-only provider, Swiftcover enjoyed lower costs and so could cut

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