UK private motor insurers must adapt to survive in post-LASPO environment, says Verdict Financial
16 August 2016
While the last decade has been challenging for the UK private motor insurance market, as regulators and insurers have been fighting to reduce claims costs and pass on rate savings to customers following the introduction of the Legal Aid, Sentencing and Punishment of Offenders Act (LASPO) in April 2013, further obstacles lie ahead, says financial services insight firm Verdict Financial.