Motor Insurance: Jumping the gun
Motor insurers’ over-eagerness to reap the anticipated benefits of the Legal Aid, Sentencing and Punishment of Offenders Act has resulted in a sharp drop in rates. With unprofitability increasing, where does the sector go from here?
Having failed to make a combined operating profit since 1994, the future is looking increasingly grim for the £10bn UK motor insurance market.
The sector expected rates to fall as a result of the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Personal
Building homes back better after floods
With the Environment Agency warning one in four homes is now at risk of flooding, the latest Insurance Post Podcast explores what the insurance industry is doing to make properties more resilient from storms.
Sabre ‘back in growth mode’ after GWP rollback
Sabre CEO Geoff Carter has told Insurance Post the insurer expects to make “good growth” on gross written premium and policy numbers in 2026, after reporting a 14% rollback in 2025.
Wakam enters motorcycle insurance market
Wakam UK has entered the motorcycle insurance market through a partnership with specialist intermediary Principal Insurance.
John Lewis becomes FCA-authorised broker
John Lewis Money has become a Financial Conduct Authority-authorised insurance broker.
Axa’s Lloyd on the power of fearless females
Drawing on her career championing inclusion, Jo Lloyd, customer, proposition and risk director of Axa Retail, outlines how the insurer’s Fearless Females network, cross-industry partnerships and candid talks on bias are boosting representation and reshaping culture.
Admiral’s insurance profit surpasses £1bn
Admiral’s UK insurance pre-tax profit landed at just over £1bn for the first time, with motor making up the vast majority of that figure.
Which? warns insurers are failing storm-hit homeowners
Insurers have been accused by Which? of shirking their responsibilities for paying out policyholder's claims when their houses suffer damage due to storms and other extreme weather events.
Markerstudy’s Profit on keeping women in insurance working
Sarah Profit, customer business partner and co-chair of Women’s Network at Markerstudy, argues insurers must turn inclusion promises into practical menopause support to retain experienced female talent.