RAC sees revenue driven higher by disposals

The RAC has reported an increase in revenue of 1% to £1.526bn, reflecting the impact of disposals. P...

The RAC has reported an increase in revenue of 1% to £1.526bn, reflecting the impact of disposals. Profit before goodwill amortisation, exceptional items and tax grew by 24% to £86.7m.

RAC's new broker panel business for motor insurance, RAC Insure, claims to have overcome the operational difficulties experienced in the first half of the year and is said to be making steady progress.

RAC Legal Services saw revenues grow 27% to £10.3m and policyholders increase by 18% to 2.1m.

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

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