How RSA’s exit and FCA action transformed motor insurance
How the exit of RSA from personal lines, plus extra regulation, caused motor insurers to slash windscreen cover, increase fees and up their game when it comes to accident management services is examined by Mike Powell, insight manager for banking and general insurance at Defaqto.
The number of motor insurance providers has fallen from 140 in 2015 to 130 today and there are now around 8% fewer insurance brands selling comprehensive car insurance than there were 10 years ago.
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