Motor premium predictions take a u-turn in Q3 forecast
UK companies renewing their motor insurance policies in the third quarter of the year could face increases in premiums with 91% of underwriters predicting a rise, according to Aon's Market Pulse.
This was in stark contrast to the predictions for Q2 in which every underwriter stated there would be no change in rates for this type of cover. As the economic downturn has worsened in the UK, companies have cut back on their motor fleets, spending less on insurance and therefore pushing up rates in
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