Car Insurance premiums up at RSA

Fri, 07 May 2010

The RSA insurance group has announced that car insurance premiums went up by nine per cent in the first three months of this year.

The organisation revealed that, overall, it sold £697 million worth of premiums, an increase of seven per cent on the same period in 2009.

Costs in home insurance and pet premiums also went up, while the company saw growth across the world, including in emerging markets .

Andy Haste, group chief executive of RSA, said: "As we celebrate our 300th anniversary, we look to the future with confidence.

"We are well placed with a great set of businesses with strong positions in attractive markets and we remain confident of our ability to deliver targeted growth and sustainable profitable performance."

One of the reasons for increases in car insurance premiums in recent months has been the rise of personal injury claims, often facilitated by the availability of "no win, no fee" lawyers .
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