The Motor Hull race!
Although the claims had a continuos growth, as long as the volume of business had a positive dynamic, the effects of commercial underwriting upon the motor segment were less visible at market level.
Now that investors have bought just about everything there was to be bought, we ran out of market targets, but nevertheless, we are still witnessing a battle for market share. In fact, is it more of a struggle for liquidities?
Although Motor Hull claims had a worrying increase, insurers continue to focus on this segment. Under the pressure of diminishing incomes and of losing market share, we are witnessing a real battle: reduction of tariffs for all customers or rates drops, segmented on social or risk classes.
The race for market share in the early 2000s was motivated by rising the investors' interest, that were targeting company after company.
Now, the stake for commercial underwriting seems to be the "resurrection" of Motor Hull insurance.
Is this the only way?
Published on 16.12.2010
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