Welcome growth.
After several years of rock bottom prices, rates in the fleet motor market are hardening rapidly. Andrew Newman looks at how clients are reacting to the increases.
The fleet motor market is experiencing a dramatic hardening in rates,with 100% increases being reported in some quarters. And not only that,
but quotes are being taken up, and renewal terms are holding.
The only consolation for fleet operators already facing other rising costs
is that rates have been at rock bottom for many years, so the market
obviously had to catch up at some time.
Peter Allott, market manager at Norwich Union, comments: "Normally the
private car rating cycle is the first to
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