insurance - the megahappyawesomefunbussuperslide ride

[yorkie_chris]

I suppose the Highlands aren't that chilled out... you just get pulled over by the police because they're lonely.

[Wideboy]

Ah yes but NZ is renowned for its lamb........

[widepants]

no comment

[TamSV]

The outlook for premiums seems positive as a result of the referral to the Competition Commission.

http://www.insurancetimes.co.uk/oft-...398944.article

Despite that headline, this is being viewed pretty positively by everyone except the credit hire guys. A bit more work on the personal accident/whiplash side of things and we could be getting back to some kind of sensible cost base.

[yorkie_chris]

Originally Posted by TamSV

The outlook for premiums seems positive as a result of the referral to the Competition Commission.

http://www.insurancetimes.co.uk/oft-...398944.article

Despite that headline, this is being viewed pretty positively by everyone except the credit hire guys. A bit more work on the personal accident/whiplash side of things and we could be getting back to some kind of sensible cost base.

Helena Pavicic wrote in a research note that any reduction in lower premiums would hurt profitability

I think anybody who's had to pay out 2 months wages to insure a car should get to deliver her profits by repeated kicks to the flange


Seems like the right direction to move in but surely 130 million isn't much in the grand scheme of things?

[TamSV]

She's missed the point somewhat. The £130m is her estimate of what insurers are earning in referral fees and kickbacks from the screwed up claims system. It's what happens to the claim after they've referred it that makes a bigger difference in cost.

If insurers are getting £130m just to forward referrals then someone, somewhere, is making a **** load of money.