Axeria discontinues automobile underwriting
Subjected to the constant inflation of the cost of repairs, bodily injury and the IDA package, the automobile insurance market is chronically loss-making.
Axeria has taken significant underwriting and renewal measures over the past three years, which have certainly contributed to a turnaround in results. However, current market conditions do not allow us to continue in this business.
Axeria has therefore decided to stop underwriting new business in the automobile market as of October 13, 2022:
- Sigma Fleet
- Layer Fleet
- Déclic Auto