LV endures private motor GWP slump
Provider admits to motor struggles after Laspo reforms.
LV saw its private motor gross written premium (GWP) drop to £835m for the nine months to 30 September, down on the £891m posted for the same period last year.
It came despite its motor in-force policies edging up to 3.1m, a slight increase on the 3m recorded last year.
The provider blamed a fall in motor premium rates for the GWP reduction, citing that the reduction in premiums following the Laspo reforms "may have been over-anticipated".
Mike Rogers, LV group CEO, said: "Despite tough market
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