“I don’t need to tempt destiny, however on present trajectory, we needs to be getting shut [to £500m GWP] by the top of 2025,” Polaris managing director Vivek Banga instructed Insurance coverage Age.
The perception got here as Polaris confirmed insurance coverage premiums positioned by means of digital buying and selling platform imarket rose 15% to £449m in 2024.
It was the most recent in a string of double-digit hikes and Banga calculated that within the final three years, evaluating the top of 2021 with the top of 2024, the surge has totalled 60%.
“All of the traits that we’re seeing are optimistic by way of brokers utilizing imarket, buying and selling volumes by means of imarket, and the actual fact the complexity of what’s being traded by means of imarket has
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