Out on the open road
Though never an easy sector, Rachel Gordon says the motor market could finally be looking up for those brokers keeping their eyes on the road.
After years of long faces, there are at last some smiles from thoseworking in the motor insurance sector. It may not quite be the time for
euphoria but insurers and brokers are far more confident about future
prospects.
Soaring rates now appear to have plateaued but insurers are hoping that
the steep increases imposed will pay dividends. The general feeling in the
market is that the hikes have done their job and the sector will now
return to profitability.
According to the AA's British Premium
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