Profits fall for 2015 but CEO says that COR would have performed 4.2% better were it not for UK December storms and floods.
Andy Watson, Ageas UK CEO, has advised that he is "not concerned" about the falling profit and deteriorating combined operating ratio (COR). Results for 2015 showed a net profit fall to £21.4m (2014:...
Calm called for as insurers insist it will be "business as usual" and Biba pledges to represent brokers in Brexit negotiations.
Brokerbility chairman appeals for calm and says brokers need to watch how the insurers will react.
Chris Cowan at market research specialist Clusters outlines five things brokers can do to better understand their clients.
The loss of these rights could see insurers being forced to restructure and face large operational, regulatory and tax costs as they adapt to such a change.