Scale of motor insurance market shrinking laid bare
Data analysis: Mike Powell, insight manager for banking and general insurance at Defaqto, examines why there are now 14% fewer insurance brands selling comprehensive car insurance than there were 10 years ago plus what features have been stripped out of standard
The UK’s comprehensive standard car insurance market (i.e. excluding high net worth products) has seen a marked change over the last 10 years as product numbers have increased.
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