Postbox - Rate increase charades
The logic of the recent rating announcements from AA Insurance, Zurich et al ticks all the right boxes for shareholders but lacks any credibility, given how insurers still have so many areas where the figures on rate increases bear no relevance to the transacted ones.
One only has to look at any screen to find too many parties more than prepared to 'price match' demented and singularly unrealistic rates against the risk proposed.
It seems we are subject to the same
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