Revenue up at Axa UK & Ireland as COR holds steady in 2016
The insurer delivered 8.1% revenue growth with a COR of 97.3%.
Axa UK & Ireland has reported revenue growth of 8.1% to £4.4bn in 2016 from £4.1bn the year before.
It also delivered a combined operating ratio of 97.3% for the full year 2016 in line with the 97.1% achieved in 2015.
Its commercial lines business grew 10% to £1.1bn driven by the launch and delivery of its new mid-market proposition for different sectors, the insurer said.
In 2015 Axa said it wanted to secure a much larger share of mid-market risks in 10 key trade sectors with the introduction
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