Allianz UK lauds "exact repeat" of 2011 performance

Allianz chief executive Andrew Torrance

Allianz UK has seen gross written premiums (GWP) edge up 5.6% to £965.1m for the first six months of this year, compared to £914m in the same period of 2011.

GWP for its commercial division also crept up by 0.8% to £525.9m while its retail sector recorded strong 11.9% half-year growth, hitting £439.2m, up from £392.5m in the first half of 2011.

Operating profit slipped slightly to £75.3m (H1 2011: £77.5m) and the provider's combined operating ratio (COR) rose to 96.8% from 96.1% in the comparable period last year.

The retail division's broker business recorded a COR of 95%.

Chief executive officer, Andrew Torrance, said the results were "almost an

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

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