Of the £5bn in premiums paid annually via brokers, the study showed an 8.6% increase in Q4 2015, compared to the same quarter in 2014.
Taking the increase in insurance premium tax (IPT) into account,
Zurich disappointed in new #discountrate. David Nichols, Ch Claims Officer: "The failure to change the discount rate to a balanced level will only serve to increase the cost and, therefore, affordability of certain types of insurance - especially for higher risk customers." pic.twitter.com/ac1CfBzfxX— Zurich Insurance UK (@ZurichInsUK) July 15, 2019
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