RSA pulling out of Private Car Insurance

[Dustydog]

RSA announces departure from UK personal lines motor market.
An announcement in todays Insurance press. Anyone with them will soon be looking elsewhere.

 

[Woodentop]

Check that again. They are pulling out of <broker> sourced business, but their More Than> direct insurance will continue unchanged.

 

[Raywood]

They have a huge private car portfolio and would be a far smaller company if they gave up private cars altogether. They are not very cheap, but very good, so in many cases broker business which relies on the cheapest quote whatever the company involved does not go their way and has possibly meant it was no longer worthwhile.

 

[Dustydog]

Check that again. They are pulling out of <broker> sourced business, but their More Than> direct insurance will continue unchanged.

Does this help ?

End of the road: Why More Than will no longer sell car insurance as insurer RSA quits market

RSA has set out its plans to exit the car insurance business in the face of “extremely competitive” market conditions. In a statement, RSA said it RSA Insurance Group has set out plans to exit the car insurance business in the face of “extremely competitive” market conditions.

www.cityam.com

 

[Raywood]

It proved very difficult to find more on this but the Post Magazine the insurance business magazine does confirm this.

 

[Dustydog]

It proved very difficult to find more on this but the Post Magazine the insurance business magazine does confirm this.

I read it in the Insurance Times. Clearly driven by their Canadian owners The Intact Financial Corporation .Let’s hope no others follow suit or I can see our premiums increasing dramatically.