Insurance discrimination - has it gone too far?

[The_Abyss]

Car insurance is loss making. People see Aviva / Norwich Union etc and just see it as insurance as that is what the adverts are pushing. Never mind the £300 billion they have in client funds that they take 1% or more off every year.

 

[Clum]

If that's true then I stand corrected. I fail to see though how in gods name these boys can be making a loss through the insurance. There's no way they pay out more every year than they rake in from everyone. Surely they're losing it elsewhere?

 

[andicole0]

Have you tried adding her to your insurance policy you may find it goes down. Or a multicar policy for both of you?

Andi.

 

[The_Abyss]

If that's true then I stand corrected. I fail to see though how in gods name these boys can be making a loss through the insurance. There's no way they pay out more every year than they rake in from everyone. Surely they're losing it elsewhere?

Stop just assuming then, and start learning.

http://www.broking.co.uk/insurance-age/news/1594796/aviva-profits-gwp-fall-2009

An example.

 

[Clum]

Fine so their profits fell in 2009. They're still making a profit though which was my entire, albeit casual point in the first place. If you want to read further into that so you can pimp your knowledge of the subject then knock yourself out.

 

[SGWills]

some companies are losing money mainly because of their marketing, directline for example from what i was told , albeit some time a go, for every £1 of premium they make, they pay out (marketing, claims etc)