Rates are up, but claims will follow.

Rates in the motor market are at long last moving in the right direction. Several insurers have b...

Rates in the motor market are at long last moving in the right
direction.


Several insurers have been reporting rating increases on private motor for
some months now, but it is the commercial market which has taken the
longest to introduce price rises.


Virtually all of the leading fleet insurers told PB this month that they
are securing significant rate increases, where appropriate. Norwich Union,
Royal & SunAlliance, Zurich Financial Services, Cornhill, Crowe and CGU
all reported average rate

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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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