Roadside recovery firm AA (AAAA.L) aforesaid on weekday it
had started underwriting insurance, adding to its existing insurance broking
business.
AA, that presently acts as a broker for general insurance
policies like motor, home and travel, aforesaid it expected to underwrite
250,000 policies "over following few years, subject to
profitability", it said, with the main focus on insurance.
"Our primary audience is AA members WHO haven't
antecedently had associate degree insurance relationship with the
business," Craig Staniland, director of AA Underwriting nondepository
financial institution restricted, aforesaid during a statement.
Car insurance premiums rose last year when many years of
weakness, surveys have shown.
AA aforesaid it oversubscribed its 1st policy on January.
thirty to a instructor in city within the north of European country WHO was
associate degree existing member of AA's recovery service.
Trading is in line with expectations because it enters the
closed amount earlier than results for the year complete January. 31 2016, AA
aforesaid during a separate statement.
No comments:
Post a Comment