Analysis

Motor insurance pricing cycle ‘close to a point of softening’

By 2024-02-13T08:00:00

market adaptation concept

Insurance industry experts speak exclusively to Insurance Times about navigating big pressures in the motor market and what can be expected in 2024

The motor industry has experienced tough market conditions in recent years and with pressures from the likes of surging claims and material costs, regulatory change and inflation, insurers have appeared to find it challenging balancing financial gain with meeting evolving consumer needs.

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