ABI urges clampdown on CMCs ahead of IPT rise

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Association says motor premiums continue to rise and action is needed to tackle "unscrupulous" claims management companies.

The average comprehensive motor insurance premium rose slightly in the third quarter of 2015, according to the Association of British Insurers's Quarterly Insurance Premium Tracker.

The survey showed that the average price paid for motor insurance was £379 between July and the end of September, compared to £374 for the preceding quarter.

The ABI further noted that there had been a 5.6% rise in the average premium paid in the year up to this September.

IPT
The association said that with the 3.5%

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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