Axa points to referral fees to explain continued rise in costs


According to the insurer, underlying earnings improved significantly to £69m compared to £13m last year but it appears that claims inflation is still hurting the insurer as Axa UK’s chief executive, Paul Evans, used the results as an opportunity to once again bang his referral fee drum.

“The rise in motor insurance premiums has continued, albeit at a slower rate, as insurers seek to restore profitability in the face of spiralling personal injury claims. Department of Transport statistics report

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