Morgan Stanley's new business survey shows Motor insurance pricing is the strongest in a decade, rising by 26% year-on-year in the March quarter.

The broker points out Insurance Australia Group's pricing increases for Motor is lagging peers, with market share a current focus. The group's Home pricing exceeds peer levels, notes the analyst.

Equal-weight rating and $4.75 target retained. Industry View: In-Line. 

Sector: Insurance.

Target price is $4.75.Current Price is $4.69. Difference: $0.06 - (brackets indicate current price is over target). If IAG meets the Morgan Stanley target it will return approximately 1% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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