Hastings' new business competitiveness ‘has fallen’ as it prioritises pricing discipline
This year Hastings has priorititised pricing discipline amid a regulatory probe into pricing practices and rising claims inflation, leading to a drop in its competitiveness for new business.
In a trading update for the first nine months of the year, Hastings revealed it was applying rates “in line with the first half claims inflation and ahead of the market”.
Its share price took a hit
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