Insurance Post

Axa hits back at 'ludicrous' motor profit allegations

argument

Axa has challenged Thompsons Solicitors to provide evidence of wrongdoing following allegations the insurer was failing to meet an International Financial Reporting Standards requirement in relation to revealing how much profit it generates.

Thompsons claimed both Axa and Aviva do not reveal the profit they make from UK motorists despite car insurance contributing more than 10% of their overall profit, which triggers a requirement under

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