NIG's rates guarantee is suicidal according to Groupama CEO
Groupama Insurances CEO, François-Xavier Boisseau, has fired a broadside at NIG and its controversial ‘guarantee to beat’ rate offer to brokers, describing the move as suicidal.
NIG has told brokers it will beat premiums by up to five percent on business held or quoted with 15 major insurance companies, including Groupama. However, Mr Boisseau said he was very disappointed in the move, describing it as high street retailing.
“This is similar to what you would expect to find at Sainsbury’s – special offers for a limited time only. This is not professional insurance. I hope that brokers will see that NIG are shooting themselves in the foot. In the end, it does them no
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