Admiral Insurance Company

Admiral insurance company:

For insurers that rely heavily on referral rates to strengthen the benefits have been warned that you may have to change their business models or not investors.

First in the firing line is Admiral , one of the largest auto insurance companies in the UK.

Admiral insurance company

In 2010 , the company announced profits of £ 147 million £ 350 million came from referral fees - fees paid when auto insurers pass the coordinates of motorists who have made a declaration of accident for claims management firms admiral insurance company.

Some lawyers are expected to pay up to 800 € per hour for car insurance personal injury cases child.

Politicians and insurance companies blame the cost of return as one of the reasons car insurance is so expensive admiral insurance company.

The average cost of car insurance has risen by 30 % per year over the past two years .

Admiral insurance company

Financial analysts warn that the company is not in contact with the market , despite the increase in the number of customers by 22 % and record earnings and sales for the eighth consecutive year .

They believe that the company is doomed to fail because the business is to increase premiums and standing committees will surely not stop admiral insurance company.

In 2011 , the company's earnings came in at £ 299 million .

"We recommend investors Admiral influence " that we are concerned with the various regulatory investigations that could affect the business model of the company, "said Sheridan Adman , research director at the Center for Investment Exchange .

Adams responded to a survey office Fair trade watching auto insurers offer third party repairs and replacement vehicles to claimants admiral insurance company.

" When the price of car insurance inevitably begins to fall , we believe Admiral could face a choice to reduce the number of customers or accept lower margins subscription , with two scenarios that could lead to a decrease in the win," said Gordon Aiken RBC Capital Markets.

Some auto insurance companies such as AXA , have already willing to pay referral fees admiral insurance company.