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Niche and easy?

Following non-comp's fall in popularity during the early 1990s recession, some insurers are now writing successfully in this area - particularly concentrating on older cars and younger drivers, says Andrew Newman.

Non-comprehensive motor was a specialist sector long before the word
'niche' was ever coined. The existence of the knock-for-knock (K/K)
agreement tempted some wily underwriters to write large volumes of third
party fire and theft (TPFT) business to shift the balance of their
portfolio during periods of rapid growth to make the agreement work in
their favour against those insurers - usually the larger organisations -
who might be slow to ascertain what was happening. Looking back, it is
amazing

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