Figures reveal strong demand for car insurance
Thu, 21 Apr 2005
Industry figures suggest that there is a strong demand for car insurance products in the UK.
Recent figures from Prudential, Britain's second-biggest insurer, revealed a strong rise in first-quarter sales in part due to an increased demand for its car insurance cover
The insurer, the first of the major insurance companies to report its quarterly results, showed that revenues for the first three months of the year totalled £478 million compared with £433 million at the same period in 2004.
"All of our businesses are in good shape and are clearly continuing to deliver on the momentum we saw in the fourth quarter," said Philip Broadley, the finance director, told reporters.
Market experts are predicting that most leading insurers will report a strong rise in car insurance sales, as the total number of cars in the UK now stands at more than 30 million.
© DeHavilland Information Services plc
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